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...lobbied the government for months to get financing for RV and boat dealerships. "We don't see this as a bailout," said Indiana Rep. Joe Donnelly. "What we see these are loans to businesses who have always paid their loans back." Donnelly, along with fellow Indiana Rep. Mark Souder, say boats and RVs have the same financing challenge as the auto industry. Many auto dealers had their financing yanked, forcing some out of business. Traditional lenders like GMAC aren't as available to boat dealers due to the credit crunch, and the SBA is there to "fill the void," Matz...
...lenders, (only 75% is guaranteed by the SBA, not the maximum 90%) it's hard to see what the Administration's goal is and how effective the plan will be over time. "The question is, what exactly do we hope to do with subsidizing this sector?" he says. "I'm very hesitant to say that's a good use of public funds at this point...
...strategy with both personal and political roots, say advisers. On the one hand, the President, a former community organizer, is intellectually predisposed to focusing on common ground with his adversaries, not the differences. On the other hand, he is betting that the American people will measure success by counting the big wins, not by worrying over the detailed principles and proposals that were sacrificed along...
...fall of the Berlin Wall, Europe's last Soviet-style government is finally on its way out. In Moldova this week, four months after popular upheaval, the Communist Party accepted defeat in a national election. Four pro-Western opposition parties must now scrabble together a coalition which they say will distance the country from Moscow, more fully embrace democracy and integrate with Europe. "This is definitely the beginning of something new," says Viorel Ursu, Moldovan analyst with the Open Society Institute in Brussels. "The difference between the Communists and the incoming government is huge, even just in terms of mentality...
...government will also need to negotiate with the Communists in parliament to choose a new President as Voronin's successor. A likely solution, analysts say, would be to agree on a non-political figure, such as an academic, to do the job. A new government is also likely to negotiate a deal to get Voronin to leave politics entirely in exchange for immunity from any prosecution for his conduct over the past eight years. "We've seen this in Russia when Yeltsin stepped down or in Georgia, when Shevardnadze left, these previous authoritarian presidents got informal immunity. I imagine that...