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...issue, though, is how many companies would actually deserve the tax credit. Nearly 12 months after Congress passed the $787 billion stimulus bill, and in the wake of a homebuyer tax credit and Cash for Clunkers, economists and others are paying more attention to the collateral cost of stimulus. The question with this proposal is how many of the million companies that Obama predicts would be awarded a job-creation tax credit would have hired workers anyway...

Author: /time Magazine | Title: Obama's Job-Creation Tax Credit: Will It Work? | 1/29/2010 | See Source »

...That means more populism and confrontation, less deference to Congress. It's a shift from an inside game to an outside game, from passive leader of a divided party to active agitator for change. The idea is to take an uncompromising stand, make a clear case to the public and then force lawmakers to choose sides - as opposed to announcing general principles, letting Congress hash out its own details at its own pace and then desperately cutting deals to try to cobble together 60 Senators...

Author: /time Magazine | Title: Can Bashing the Banks Help Obama? | 1/28/2010 | See Source »

...have preferred to limit risk-taking through tougher rules on leverage and capital - and he's still planning a push on that front - but in an election year, it was easy to see the value of having Volcker inside the tent. "The narrative is changing," Warren says. "In 2010, Congress will have a basic choice between taking the side of banks and taking the side of families...

Author: /time Magazine | Title: Can Bashing the Banks Help Obama? | 1/28/2010 | See Source »

Stand-up comics call it a "tough crowd," but then tough crowds are part of their business. It's a whole other matter to be met with cold stares when you are the President of the United States, talking in prime time before a joint session of Congress, when your party controls both chambers by historic margins. (Read "Obama's State of the Union Address: Five Ways to Judge Its Success...

Author: /time Magazine | Title: State of the Union: A Feisty Obama, a Frosty GOP | 1/28/2010 | See Source »

...Although it was his first official State of the Union address, it was the third time that Obama had addressed a joint session of Congress in prime time. The first, in February 2009, was an introduction, a statement of goals and principles. The second, in September, was a defensive play, an attempt to reclaim the high ground on health care, which had begun to slip away. This third time was a declaration of his having survived his first serious setback and of his determination to keep trying...

Author: /time Magazine | Title: State of the Union: A Feisty Obama, a Frosty GOP | 1/28/2010 | See Source »

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