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...messengers than the message. Paulson is not a political veteran, and he was asking for the authority to do things he's been insisting for months were unnecessary. "I cannot ignore that many of the people sounding the alarm are the same ones who recently said things were under control ... that stronger government oversight was unnecessary and counterproductive," Democratic Congressman Mark Udall, now a Senate candidate in Colorado, said after voting...

Author: /time Magazine | Title: How They Failed Us | 10/2/2008 | See Source »

Over the past decade, Colorado has become Democrats' best shot at a boothold in the once reliably Republican Mountain West. Democrats now control the governorship and both houses in the state legislature and have a good chance of picking up a second Democratic seat in the U.S. Senate next month. The shift came about largely because the state GOP continued to nominate right-wing candidates, while Democrats recruited centrist politicians who often combined prosecutorial backgrounds with aw-shucks demeanors. And it is because neither McCain nor Obama fits either mold that the state is even close this year...

Author: /time Magazine | Title: Can Obama Turn Colorado Blue? | 10/2/2008 | See Source »

...more effective in getting her elected than it was in actually getting things done once she was governor. No initiative illustrates that better than the natural-gas pipeline project, which Palin pushed the big oil companies out of--a popular but ultimately unrealistic gambit, considering that those producers control the gas that the pipeline would eventually ship south. Her critics say that when it comes to oil and gas, Palin has little appetite for dissenting views. "I've never seen a governor with the door so closed," says Bruce Richards, a local official who briefly found himself on the opposite...

Author: /time Magazine | Title: Palin's Pipeline to Nowhere? | 10/2/2008 | See Source »

...state income or state sales tax. Instead, they receive an annual dividend from the state treasurer that comes directly from the oil industry. Over the past 25 years, the average Alaskan has received roughly $1,200 from the state each year. When fuel costs spiraled out of control in rural Alaska, instead of focusing on suggestions to help rural residents weatherize their homes or develop small-scale renewable energy sources, Palin wrote every Alaskan a second check...

Author: /time Magazine | Title: Palin's Pipeline to Nowhere? | 10/2/2008 | See Source »

...hard to make sure that deal is in the best interests of Alaskans," says McCain-Palin spokesman Taylor Griffin. Irwin is confident that the strategy will pay off. "There will be a gas line," he says. "Once the producers get over the idea they're not going to control our gas fields like they did our oil fields, they'll get involved. There are hundreds of billions in profit to be made. The economics are going to drive...

Author: /time Magazine | Title: Palin's Pipeline to Nowhere? | 10/2/2008 | See Source »

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