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...bill really doesn't fit into what the Democrats [have] been talking about all along as timely, targeted and specific," Senator John Thune, a South Dakota Republican, lamented to another group of reporters around the corner, 20 minutes later. "It would take a significantly larger portion of tax relief to attract the support of a lot of Republicans...

Author: /time Magazine | Title: Economic Stimulus Plan Hits Bipartisan Obstacles | 1/22/2009 | See Source »

...Senators' griping over the bill is evidence of how the newly minted President has painted himself into a corner, one that will take some unpleasant arm-twisting to get out of. To underline bipartisanship, the Obama Administration had hoped the stimulus plan would get 80 votes in the Senate, luring significant Republican backing rather than having to ram it through with a simple Democratic majority. But Senate aides on both sides of the aisle say that while the bill is likely to pass, such overwhelming support would be difficult if not impossible to garner. Even overcoming the Senate...

Author: /time Magazine | Title: Economic Stimulus Plan Hits Bipartisan Obstacles | 1/22/2009 | See Source »

...Fiat is hardly a magic pill for Chrysler, which is burdened by inefficient factories that need major overhauls to allow for production of smaller, smarter automobiles, says Giuseppe Berta, a Milan-based car-industry expert. "At this point, Chrysler can say it tried to get out of a corner, that it found a European company that makes more marketable cars," says Berta. "But if you want to actually use Chrysler facilities to construct a Cinquecento or Alfa MiTo, you're talking about a major cost." (See the 50 worst cars of all time...

Author: /time Magazine | Title: Fiat to Take 35% Stake in Chrysler | 1/20/2009 | See Source »

...Ashtabula is in the northeastern corner of the state, between Cleveland and Erie, Penn., and it is perhaps Ohio’s most economically depressed county. The passing of a couple of months means another plant closing, families losing jobs and healthcare coverage. Homes everywhere are being foreclosed. The mall has almost as many empty storefronts as occupied ones. There is no Starbucks in Ashtabula. The home I lived in the first month I was there didn’t have cell phone reception, and many people in the southern half of the county—everything south...

Author: By Clay A. Dumas | Title: Messiah or Antichrist? | 1/20/2009 | See Source »

...weeks ago, outgoing White House chief of staff Joshua Bolten gathered nearly a dozen former chiefs of staff in his corner West Wing office and held a courtesy orientation session for Rahm Emanuel, the next man to assume the second hardest job in Washington...

Author: /time Magazine | Title: As Dick Cheney Prepares to Depart, His Mystery Lingers | 1/19/2009 | See Source »

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