Word: obamas
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...instead of sailing quietly into oblivion, Kaufman has decided to make waves. Most notably, he is challenging his Senate colleagues - and the Obama Administration - to get behind far tougher financial regulations than they have yet proposed, a move that has been unsettling to both bank lobbyists and White House aides. "I think most people know that I am really cranked up about this," Kaufman says with a smile...
...policy matter, Kaufman's prediction is heavily debated among economists. But as politics, his critique threatens to undermine the White House's finely tuned election-year story line. To hear President Obama or his aides tell it, the coming Senate debate on financial regulatory reform will offer a clear choice to voters this fall between most Democrats who are defending the interests of Main Street and most Republicans who are in the pocket of Wall Street. Kaufman, by contrast, argues that neither party has yet shown much seriousness about undoing decades of deregulation, and nonregulation, that created the conditions...
...March 5 interview with TIME, an Obama Administration senior official said it had been a close call for the U.S. "That we have the Manas base in Kyrgyzstan is a great achievement," he said. "Russia didn't want to allow us to have that. They put down $2 billion to get us out. But Obama had very frank discussions with [Russian President Dmitri] Medvedev. He said, If you believe we have a common enemy in Afghanistan, then this is going to help us fight that common enemy. Had we lost that, it would have been a major blow...
...worth asking: Who, exactly, will President Barack Obama be looking at in Washington as he sits down with China's President Hu Jintao during the coming nuclear-security summit? A friend? An enemy? The fact is that China is changing so fast, we don't really know yet. What Obama will really be looking at is something far more important: the chance to use dynamic, creative statesmanship to remake a relationship that will define the next 50 years of global power. No problem of international politics can be solved without a coherent China strategy. So the more interesting question...
...More than anything, Obama needs to replace our outdated ideas for dealing with China. Beijing can't, as many cold-warrior views of it might wish, be "contained"; it's far too interwoven into the global system for that. But it is also true that the fantasy some had of "engagement" - the hope that as China became richer, it would become more supportive of American interests - isn't working out either. What the U.S. needs is a new strategy. It should be one that takes a ruthless defense of American interests as a starting point, since without that, no strategy...