Word: short-term
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...Brenninkmeijer still insists, "the business of the century"? The signs from Abu Dhabi say we could see both. For all the excitement generated here by President Barack Obama, who pledged in his inaugural speech to "harness the sun and the winds and the soil," the short-term outlook for renewables is as grim as it is for other capital-intensive industries, if not more so. (See the 50 best inventions...
...achieve. Truman now ranks among our top Presidents, but the peaceful end of the Cold War sure helped. Jimmy Carter has climbed from 34% to 64% approval since leaving office, but more out of respect for his humanitarian work than reconsideration of his presidency. "I don't expect many short-term historians to write nice things about me anyway," President Bush told me four years ago, fresh off a winning campaign. "There ought to be a rule where no one writes history about your short term until a generation of those who never voted for you or against you show...
...Actually, Obama was resisting in the name of balance: the bulk of his proposed stimulus package will probably go to short-term fixes - his promised $300 billion in tax breaks for the middle class, $200 billion in aid to cities and states, benefits for the poor and unemployed. Even so, aides say, most of Obama's attention has been focused elsewhere - on the long-term stimulus projects, the larger transformations in the economy, the health-care system and foreign policy. Quietly, the Obama transition team reviewed every government agency "to find out which specific programs were working and which weren...
...Bush spoke from the East Room of the White House, filled with a friendly audience drawn from his Administration and honored guests. But the assembled crowd was merely the backdrop - the real audience was history. He knows he has lost the short-term argument, the one measured in opinion polls and approval ratings. This was a speech aimed at the long run. (See pictures of President Bush in the Middle East...
...what it will do in the short term, and in the long term, it isn't that different from any other government spending, except that the point of the spending can be the spending itself. As always, there will be winners and losers; it's impossible to stimulate everyone equally. In two years, if the recession is over, skeptics will claim it would have ended regardless of the stimulus. If it lingers, proponents will credit the stimulus for preventing a drearier outcome. As with the first round of the financial bailout, its most important short-term effect will probably...