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...Spreading the Wealth Around In his essay, Michael Kinsley agrees with Barack Obama that when governments spread wealth around it is "good for everybody" [Nov. 10]. Kinsley asks, "Who disagrees?" Anyone who knows anything of history would disagree with that assertion. Marx and Lenin advocated a similar idea: "From each according to his ability; to each according to his needs." The reality of a system where hard work is not rewarded is that people lose their incentive to work. That means there is less wealth to share, which is hardly "good for everybody." In the Soviet Union, it took about...

Author: /time Magazine | Title: Inbox | 11/13/2008 | See Source »

...possibly the most recognizable workspace in the world, but the office that President-elect Barack Obama, its next occupant, visited on Nov. 10 hasn't always been the enduring symbol of the U.S. presidency. Before the 1930s, the Oval Office was in a different part of the White House. And before that, it wasn't even oval...

Author: /time Magazine | Title: A Brief History Of: The Oval Office | 11/13/2008 | See Source »

...that we've brought "change" by giving even more power to the party that forced bad loans and obstructed Fannie Mae reform while driving jobs overseas, it should not take long for Barack Obama to set the record straight on which party is actually pushing the "failed policies of the past." The only question is whether he will be able to continue blaming Republicans for the disastrous policies of Democrats. Robert Moon, CINCINNATI, OHIO...

Author: /time Magazine | Title: Inbox | 11/13/2008 | See Source »

When history is being made, people turn to TIME. We not only mark history; sometimes we are part of it. With the election of Barack Obama as the first African-American President of the United States, people across America and around the world scooped up copies of our commemorative election issue to observe the occasion. It has already become a collector's item. When I was walking home from the office a few nights after the election, I passed a newsstand in New York City that had just one copy of the issue left for sale--marked...

Author: /time Magazine | Title: Marking History | 11/13/2008 | See Source »

Times sure have changed. Fiscal stimulus is Topic A in Washington. Congress is returning for a lame-duck session with plans to pass a spending bill in the $100 billion range. An even bigger effort is likely in January, when Barack Obama moves into the White House. And it's not just Washington: China has announced a $586 billion stimulus plan, although it's not clear how much of that will be new spending. Germany has approved $29 billion in spending and tax cuts. British Prime Minister Gordon Brown is expected to announce tax cuts soon...

Author: /time Magazine | Title: Will Washington's Stimulus Plan Work? | 11/13/2008 | See Source »

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