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A truly effective stimulus plan jolts the economy by lifting consumer confidence, since tax cuts can only increase economic activity when people spend, not save. A bigger plan would undoubtedly lead to more consumer confidence, especially if Obama had been brave enough to break the trillion-dollar mark. The flurry...

Author: By The Crimson Staff | Title: Weak Stimulus | 1/15/2009 | See Source »

The question for Obama is, Can he harness its power? Obama anchored his presidential ambitions in his background as a bottom-up community organizer and in his belief that two people together are exponentially more powerful than two people alone. "In the last 30 or 40 years, a lot of...

Author: /time Magazine | Title: Obama's Permanent Grass-Roots Campaign | 1/15/2009 | See Source »

The point is, specifics really matter. And when specifics get left to Congress and the states, they tend to get screwed up. Politicians love to cut ribbons for new roads; repairs don't have the same bringing-home-the-bacon oomph. Most state transportation departments have become virtual asphalt factories...

Author: /time Magazine | Title: How to Spend a Trillion Dollars | 1/15/2009 | See Source »

Earlier this week, Litt decided to delay bringing the Madoff indictment in front of a grand jury. Observers say he will use his additional time to investigate who else may have been involved in the crime. Those who know Litt say he will dig deep into the evidence to determine...

Author: /time Magazine | Title: The Man Who Will Prosecute the Bernard Madoff Case | 1/14/2009 | See Source »

Like the U.S. in Iraq, the Ethiopians won't admit defeat or miscalculation, but are seeking to withdraw as honorably as possible. But what will they leave behind? In Iraq, the U.S. has taken confidence from the emergence of the Sunni Awakening movement, former insurgents who drove al-Qaeda out...

Author: /time Magazine | Title: After Ethiopia Exit, What Next for Somalia? | 1/14/2009 | See Source »

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