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...opinion polls suggest he is on course to do so - Conservative leader David Cameron promises a new candor in relations with Washington. The Labour government, he says, has tended to flatter Britain's allies across the Atlantic rather to deliver helpful home truths. But as he considered the sorry sight of a Congress unable to agree on measures to avert a global financial meltdown, it's just as well that Cameron spared U.S. politicians his unvarnished opinions, which would have been anything but pretty...
Wanted: someone who will claim credit for saving the U.S. economy. With little fanfare and all the enthusiasm of a hangover, congressional leaders from both parties on Sunday unveiled a detailed agreement on legislation to bail out Wall Street. But no presidential candidates were in sight, and few in Congress were doing much bragging about their handiwork...
...them tears down the previous week’s layers of posters, the first dance begins. Seven or eight eager posterers mob the most coveted spaces—reader boards near Thayer and Harvard Hall. Soon more crowd around, getting more anxious as the virgin brown surfaces vanish from sight. Taken from afar, the untrained observer sees only an orgy of arms and tape, flailing and indistinguishable...
...notion that a massive, unprecedented intervention in the financial markets should be the final economic act of a Republican President was made all the more stunning by the sight of no less a free-marketeer than Vice President Dick Cheney being dispatched to the Hill to sell it to furious Republicans. But Congress is coming late to this crisis. Paulson, Bernanke and Geithner--whose conference calls can number more than half a dozen a day--have been quietly trying to keep the ship in the channel for months. Treasury Secretary Paulson, 62, was one of Wall Street's toughest dealmakers...
...crisis," says Greenberg. Pressed to name leaders who have rebounded from such a low ebb, Greenberg cited Margaret Thatcher, who was widely unpopular until she dispatched British troops to win back the Falkland Islands from Argentina. "What Gordon needs is a small war," he joked. There are none in sight, but - odd though it may sound - economic woes may yet give him some respite from the mutiny within his own ranks...