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...McCain, the defeat has clearly been painful. But as he has in past bouts with adversity, the Arizona senator evoked his love of country as the thing that made it all worthwhile. "I would not be an American worthy of the name should I regret a fate that has allowed me the extraordinary privilege of serving this country for a half a century," he said, as the crowd booed. He acknowledged the strain his aspirations had put on his family. "I promise more peaceful years ahead," he said...

Author: /time Magazine | Title: In Defeat, McCain Offers Graceful End to Rough Campaign | 11/5/2008 | See Source »

...When removed from power by voters, no party keelhauls itself quite like the GOP. The party's success at capturing the White House is matched by a violent, burn-it-all-down mentality when it loses. Because John McCain's defeat seemed likely for weeks, the fighting began long before Election Day. Some Republicans believe that the old conservative message must be modernized. Others see a need to return to the conservatism of old. For many, Palin was a godsend, a true populist in the spirit of Ronald Reagan. For others, she was a nightmare. With no leader in sight...

Author: /time Magazine | Title: The GOP Fallout: Cue the Circular Firing Squad | 11/5/2008 | See Source »

Massachusetts voters rejected an initiative to eliminate the state income tax, echoing the defeat of a similar proposition introduced in 2002. Question 1 asked voters to support a measure that would halve the state's current 5.3% income tax in early 2009 and remove the tax entirely by the following year. Although advocates said the measure could have saved taxpayers an average of $3,700 each year; critics pointed out that the significant loss of tax revenue would undermine vital public services and force legislators to make up the revenue elsewhere - with property tax, for example. More than two-thirds...

Author: /time Magazine | Title: Ballot Initiatives: No to Gay Marriage, Anti-Abortion Measures | 11/5/2008 | See Source »

...morning after John McCain's defeat, Mark Salter, McCain's closest aide and biographer, sipped coffee in the courtyard of the Biltmore Resort and Spa while explaining why the national political press had assisted Barack Obama. "On top of everything, we had a thumb on the scale," he said, referring to the media's role in refereeing the campaign. "It wasn't right, but it was what it was." (See pictures of John McCain's campaign farewell...

Author: /time Magazine | Title: McCain Aide Mark Salter Reflects on the Defeat | 11/5/2008 | See Source »

Hear Mark Salter discuss McCain's defeat...

Author: /time Magazine | Title: McCain Aide Mark Salter Reflects on the Defeat | 11/5/2008 | See Source »

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