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...promises that aren't worth the subprime paper they were printed on. First, there's the one about the price of real estate never going down. It got repeated so often that even banks and mortgage lenders who should have known better started to drink their own Kool-Aid and lowered their lending standards. It was a mantra compounded by the hard sell that real estate agents used all over the country: Get in now, because it's going to be more expensive tomorrow. Hope you weren't in Miami or Las Vegas when you heard that...

Author: /time Magazine | Title: Getting Suckered by Wall Street — Again | 9/16/2008 | See Source »

...Republican National Convention unveiled a new level of care for the disaster victims, more attention still needs to be paid to these devastating natural events—not only here in the United States, but amongst our Caribbean neighbors as well. In Haiti, 800,000 people require immediate aid, while infrastructure has suffered an estimated $4 billion worth of damage from Hurricane Ike alone. In light of the magnitude of these numbers, the additional offer of a mere $9.5 million by USAID to hurricane relief in the island nations rings hollow. Americans, so preoccupied by the fear of damage...

Author: By The Crimson Staff | Title: A Lesson Learned? | 9/16/2008 | See Source »

Through his work as a pork buster, McCain has opposed flood-prevention projects in swing states like Missouri and Virginia, drought aid for Nevada and New Mexico, and economic development for Pennsylvania and West Virginia. His has been a lonely vote against funding for the Florida Everglades and Yellowstone National Park. He has opposed money for schools, bridges, military bases, disaster relief, military housing, senior housing, renewable energy programs, job training programs, health care for veterans, services for disabled kids and just about everything else his Senate colleagues have stashed into spending bills, which is to say just about everything...

Author: /time Magazine | Title: Could McCain's Crusade Against Pork Backfire? | 9/15/2008 | See Source »

...wasn't a problem when McCain was just an Arizona Senator, burnishing his maverick credentials by blasting the explosion of earmarks under the GOP Congress and highlighting the role of earmarks in GOP scandals. But when he became the Republican nominee, his across-the-board opposition suddenly became inconvenient. Aid to Israel and military housing is funded through earmarks, so McCain had to make it clear he'd protect those programs from cuts. He made a similar exception during his anti-poverty tour in April, when he visited an African-American community in Alabama that got ferry service through...

Author: /time Magazine | Title: Could McCain's Crusade Against Pork Backfire? | 9/15/2008 | See Source »

...deficit, mainly by making permanent the Bush tax cuts he once opposed. The Brookings Institution has estimated that that would add $5 trillion to the national debt by 2018; meanwhile, the plan would eliminate only $18 billion in earmarks - and much less if McCain truly intends to preserve aid to Israel and other worthy programs...

Author: /time Magazine | Title: Could McCain's Crusade Against Pork Backfire? | 9/15/2008 | See Source »

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