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...economy in this latest financial crisis. As the largest buyers of sub prime mortgages from 2004 to 2007, Fannie Mae and Freddie Mac helped fuel the housing bubble and exacerbate the burst. The Bush Administration tried no fewer than 18 times, publicly and on the record, to push Congress to agree to reform these Government Sponsored Entities. And while Defense and Homeland Security spending has increased to face the perils of a post-9/11 world, the growth in non-security discretionary spending has been lowered to 1 percent, lower than inflation, and well below the 15 percent growth...

Author: By Caleb L. Weatherl, CRIMSON STAFF WRITER | Title: A Legacy to be Proud of | 1/4/2009 | See Source »

...illegal immigrants in America. "Over the past year, as this Administration has pursued more effective strategies within the current laws, the picture of how exactly those laws need to be changed has become clearer than ever before," Napolitano said. "If we are truly going to fix a broken system, Congress will have...

Author: /time Magazine | Title: Fight on Immigration Reform Looms for Obama | 1/4/2009 | See Source »

...admiration and friendship of Mandela - in 1997 Mandela praised her "courage born of the yearning for freedom" and "hatred of oppression, injustice and inequity whether the victim be oneself or another" while awarding her a gold medal of honour - she did not flinch from criticizing his African National Congress (A.N.C.) once they won power. (See pictures of Mandela...

Author: /time Magazine | Title: Appreciation: Anti-Apartheid Icon Helen Suzman | 1/4/2009 | See Source »

...disagrees that all these bailouts are giving the American taxpayer heartburn, but why are the automakers under such tight scrutiny when AIG quickly received about twice as much as the Big Three are asking for? In both cases, awful management created the need for a bailout, but suddenly Congress is getting a conscience about spending our money? Yes, one might say that financial companies are more important, but letting automakers fail could push a bad recession into a depression. Jason Toney, Pittsburgh...

Author: /time Magazine | Title: Inbox | 1/1/2009 | See Source »

...Three's Bailout I can't understand why there's no talk in Congress about moving auto manufacturers' health-care systems into the federal system in exchange for an equity investment that - as journalist Thomas Friedman has suggested - requires the hybridization of their entire fleet [Dec. 15]. The federal system includes several large health-care units. Why not take Detroit's health-care needs off the automakers' hands and develop a single-payer system before rolling it out on a national scale? Not having to worry about the medical needs of personnel would make Detroit automakers better able to compete...

Author: /time Magazine | Title: Inbox | 1/1/2009 | See Source »

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