Word: gridlock
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Dates: during 2000-2000
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...grand scale, that's not so bad. A do-nothing Congress won't blow the budget surplus, leaving it for debt repayment, which would put downward pressure on interest rates and provide a backdoor tax cut. That's the gridlock benefit you hear so much about from Wall Street. But it's a mistake to think nothing will happen, especially if Bush prevails. He ran on the promise of a broad tax cut. "He has to deliver something," says political analyst Andy Laperriere at ISI Group...
...panelists agreed that gridlock would consign such bold but risky plans as Bush's proposed $1.3 trillion tax cut to the campaign-promise trash heap. "There won't be any huge tax cuts or entitlement programs, whoever becomes President," says Bruce Steinberg, chief economist for Merrill Lynch. "That means the budget surpluses should remain extremely large, and the national debt will continue to be paid down--all of which is friendly to financial markets...
...second year at wizard school, Harry Potter is warned away from a dangerous book. Whoever opens it will be doomed to read the words over and over, forever. Last week's headlines from Capitol Hill seemed bewitched by the same spell: again and again they promised gridlock and malevolence, possibly forever. But behind the scenes, a group of lawmakers from both parties began conjuring a different endgame. In phone calls, over sandwiches, during chance hallway encounters, moderates from both parties talked about how they might join forces as never before. Improbable as it sounds, the 107th Congress could actually pass...
...Potter peering into the mirror of Erised, investors examining this wacky stock market can see exactly what they want to see. The fumbled election? Terrible news, say the grim. No clear winner; no telling what's in store. Wonderful news, say the glib. So much confusion means so much gridlock in Congress that we'll probably not get any dumb spending bills or tax cuts. Read: The surplus is safe...
...their speed, size, snazz and craftsmanship, in their siren call to the restless spirit, cars sum up a lot of American virtues. They also waste natural resources, soot up the landscape and end lives. But that's for another book. Lewis has no photos of afternoon gridlock on the 405. She's here to sing the body automotive: mile-long Caddies outside a drive-in; the family car at Roy's Cafe, Motel & Gas. These elegant images of classic cars magically transport the reader to the intersection of Nostalgia Road and Dream Drive...