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...massive loan is just the latest move in a long game of high-stakes hot potato involving Detroit, Congress, the White House and the incoming Administration. Obama first asked Bush to do something to save the auto companies in their initial meeting after the Nov. 4 election, but Bush rebuffed him. The problem then went to Capitol Hill, where it spent two weeks getting ground down, spiced up and stuffed into legislative packaging, only to have the whole sausage thrown out when the Senate failed to move the bill before adjourning for the holidays. (See pictures of the remains...

Author: /time Magazine | Title: Bush's Rescue Plan for Detroit: Passing the Buck | 12/19/2008 | See Source »

Though Ford is not receiving any of the $13.4 billion TARP funds, President and CEO Alan Mulally also expressed gratitude. Mulally also reiterated Ford's intent to stick to the plan it recently submitted to Congress, calling for the company to return to pre-tax profitability by 2011. That plan includes introducing more fuel-efficient vehicles - including a broader range of hybrid-electric vehicles. This week, Ford said it is doubling the output of hybrid vehicles in 2009. (See pictures of the remains of Detroit...

Author: /time Magazine | Title: The Reaction in Detroit: A Sigh of Relief | 12/19/2008 | See Source »

...Lame Duck? That's a Quack Joe Klein's parting shot at a president who once had an approval rating in the high 70s and still has an approval rating twice as high as Congress's is out of line [Dec. 8]. Armchair quarterbacking is a national sport, and while I recognize that Klein leans a bit to the left, his column shows a stunning lack of perception. To paraphrase a political line from the past, "It's the security of the people, stupid." This President, like all Presidents, has his faults, but the economic results of a decade-plus...

Author: /time Magazine | Title: Detainees' Rights | 12/18/2008 | See Source »

...tall task, and one he must accomplish without being dragged down by a department beset by scandal and dysfunction. "Short of a crime, anything goes at the highest levels of the Department of the Interior," Earl Devaney, the department's inspector general, testified before Congress in September 2006. While Salazar drew praise from representatives of the oil and mining industries as well as some conservationists, his appointment disappointed a cadre of environmental groups and prominent scientists, more than 100 of whom had signed a petition urging President-elect Barack Obama to tap Arizona Representative Raúl Grijalva. Salazar seemed...

Author: /time Magazine | Title: Interior Secretary: Ken Salazar | 12/18/2008 | See Source »

...Earned a perfect-100 ranking in 2008 from the League of Conservation Voters, a nonpartisan organization that tracks environmental-voting records in Congress. His lifetime LCV score...

Author: /time Magazine | Title: Interior Secretary: Ken Salazar | 12/18/2008 | See Source »

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