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...capital on fixing the holdover problem, and it could drain support for what he prefers to be concentrating his time and energy on: a potentially trillion-dollar stimulus bill. That too, of course, is essentially another bailout, but it's directed at Main Street, so the President-elect can count on a little more gratitude from the American public. If he can't spend his entire inaugural week celebrating, that's the least he can expect in return for his efforts...

Author: /time Magazine | Title: Obama Urges Congress Not to Block the Bailout | 1/14/2009 | See Source »

...Bush quickly moved on to things he wasn't sure he would count as mistakes; instead, he labeled them "disappointments." Among things Bush found disappointing: the abuse of prisoners at Abu Ghraib, the failed response to Hurricane Katrina and the fact that there were no weapons of mass destruction in Iraq after all. As the press conference continued, Bush kept coming back to the word. On the political environment in the capital, he said, "I am disappointed by the tone in Washington, D.C." He even predicted that Barack Obama will on occasion feel the same way. "There'll be disappointments...

Author: /time Magazine | Title: Bush's Last Press Conference: Full of Disappointment | 1/12/2009 | See Source »

...still they give us a sense of warmth, security and protection that is worth fighting for till the very end. I also can't help staring at the sky. The stars are beautiful and seem to shine brighter than ever. I can make out several constellations, and I count five Israeli warplanes...

Author: /time Magazine | Title: First Person: Living in Gaza, Under Starlight and Bomb Blasts | 1/10/2009 | See Source »

Will Rogers could count on a chortle whenever he said, "I belong to no organized party. I am a Democrat." But these are serious times: the same day the Senate convened with two Democratic seats unfilled (comedian Al Franken's microscopic margin of victory is being contested in Minnesota), Obama announced that the nation could soon face a trillion-dollar deficit. Instead of serious leadership, Congress gave us the Burris showdown--in which gall challenged sanctimony while insincerity vied with incompetence...

Author: /time Magazine | Title: The Moment | 1/8/2009 | See Source »

...predicted, hundreds of state vendors, such as electrical-supply wholesalers, food-service companies and building- and grounds-maintenance firms, will be sent IOUs from the state government. Deductions for each dependent may drop from $309 to $103 on Californians' 2009 income tax forms. And, by the way, don't count on a tax refund showing up soon after you file in April - one of those IOUs may find its way to your mailbox instead, explaining that the refund may be delayed...

Author: /time Magazine | Title: The Great California Fiscal Earthquake | 1/8/2009 | See Source »

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