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...Both candidates were asked to react to the speech by McCain's vice-presidential nominee, Sarah Palin, at the Republican National Convention, in which she seemed to belittle Obama's history of community service. ("A small-town mayor is sort of like community organizer, except you have actual responsibilities," she said to cheering delegates in St. Paul, Minn.) McCain said Palin was responding to criticism of her experience before becoming governor of Alaska and that "mayors have the toughest job, I think, in America." He also added, "Of course, I respect people who serve their community. And Senator Obama...

Author: /time Magazine | Title: McCain, Obama Keep It Civic | 9/12/2008 | See Source »

...based in Alexandria, Va., who delivered some of the most accurate estimates of the cost of the savings-and-loan crisis of the 1980s. The S&L experience is instructive: the cost estimates started low (Ely's first guess was $25 billion), then eventually grew to $500 billion. The actual price tag, as calculated by the Federal Deposit Insurance Corp. (FDIC) long after the fact: $123.8 billion, or about 2% of annual GDP during the bailout years. That's equivalent to $286 billion today...

Author: /time Magazine | Title: With Fannie and Freddie, the US Is Bailout Nation | 9/11/2008 | See Source »

...Party. Her speech weakly hid this fact, instead comparing her tenure as mayor to his pre-Harvard Law School service as community organizer. “I guess a small-town mayor is sort of like a ‘community organizer,’ except that you have actual responsibilities,” she quipped...

Author: By Nafees A. Syed | Title: Trading Spaces: Palin and Obama | 9/9/2008 | See Source »

...down Obama's résumé. "Since our opponents in this presidential election seem to look down on that experience, let me explain to them what the job involves," she said. "I guess a small-town mayor is sort of like a community organizer, except that you have actual responsibilities...

Author: /time Magazine | Title: Sarah Palin's Breakout Night | 9/4/2008 | See Source »

...Palin selection - peremptory, petulant - was another example of McCain's preference for the politics of gesture over the politics of substance, as is his sudden fondness for oil exploration ("Drill here, drill now.") and hair-trigger bellicosity abroad (Syria, Iran, Russia). His lack of interest in actual governance is disappointing; his aversion to contemplation seems truly alarming. He has done us all a favor with this pick: he has shown us exactly what sort of President he would...

Author: /time Magazine | Title: How McCain Makes Obama Conservative | 9/4/2008 | See Source »

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