Word: implicit
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Before World War I, Presidents authorized their own emergency powers with little or no congressional oversight. The ability to do so stemmed from an implicit interpretation of the Constitution's requirement that the government "provide for the common defense and general welfare" of the nation. In 1794, President George Washington personally commanded a militia and used it to suppress a rebellion against a federal whiskey tax. Although he did not use the term national emergency, the Whiskey Rebellion was the first instance in which a President gave himself a one-time use of additional power. Abraham Lincoln took emergency action...
...idea that there is nothing or little that we can do. It's pessimism. It's the pessimistic notion that our politics are too broken and our people too unwilling to make hard choices for us to actually deal with this energy issue that we're facing. And implicit in this argument is the sense that somehow we've lost something important -- that fighting American spirit, that willingness to tackle hard challenges, that determination to see those challenges to the end, that we can solve problems, that we can act collectively, that somehow that is something of the past...
...idea that there is nothing or little that we can do. It's pessimism. It's the pessimistic notion that our politics are too broken and our people too unwilling to make hard choices for us to actually deal with this energy issue that we're facing. And implicit in this argument is the sense that somehow we've lost something important -- that fighting American spirit, that willingness to tackle hard challenges, that determination to see those challenges to the end, that we can solve problems, that we can act collectively, that somehow that is something of the past...
...Chinese economy is not yet steady, solid and balanced." China's stimulus package - the equivalent of 14% of GDP - focused on large infrastructure projects, work often done by large state-owned construction firms. Similarly, the lending spree was primarily directed at state-owned enterprises that offer banks an implicit guarantee that the government will cover outstanding debts. The downturn in exports mainly hurt small- and medium-sized firms in the south, which are usually private owned. The result is that while profits are climbing for large, state-owned firms, the private sector is lagging. "The biggest challenge for the authorities...
Among the most enthusiastic readers of Rand's work were small-business owners. Writes Burns: "Although Rand spoke in the coded language of individualism, her business audience immediately sensed the political import of her ideas. Many correctly assumed that her defense of individualism was an implicit argument against expanded government and New Deal reforms." It's the same argument current objectivists have against the government's virtual takeover of the banks and the auto industry. As Burns notes, "Her novels touted anew by Rush Limbaugh, Rand was once more a foundation of the right-wing worldview...