Word: stimulus
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...doesn't make its own loans but provides insurance for lenders that do, backed just $8.3 billion in loans to borrowers with a credit score of 619 or worse. That's down from $39 billion in the same time period a year before. (See a report card on the stimulus programs...
...sidestepped doom. Specter's most celebrated swerve came last April, when he switched parties to avoid a Republican primary against a conservative challenger he had barely beaten in 2004. He acknowledged he could never win the GOP nomination for a sixth term after voting for Barack Obama's economic stimulus package - a move that was one heresy too many for the shrinking Pennsylvania Republican Party. (See pictures from the Pennsylvania Senate race...
...feel good about being a Democrat and being able to continue supporting those Democratic values." Obama has also come through for him, raising more than $2.1 million at a single event in September for the party and its new champion. (See a one-year evaluation of the White House stimulus...
...easier,' " he says. What's happening to him, he insists, is a function of larger forces at work. The Republican Party's "sole calculation is defeating Obama in 2012," he says. "The whole country is caught in the cross fire. I would not say no to the stimulus package when it looked to me that the country was about to slide into a 1929 Depression. After my stimulus vote, there were irreconcilable differences between the Republican Party...
...slowdown was partly attributed the difficult economic climate. While China was able to grow at 8.7% last year, that healthy rate came at the expense of $586 billion in stimulus spending. Last week Premier Wen Jiabao said that government spending would grow more slowly this year as Beijing seeks to control inflation while maintaining stable growth. (See pictures of the making of modern China...