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...Public Mistrust Re Michael Grunwald's piece on how Washington failed us: I'm neither Republican nor Democrat, and I am disgusted with both [Oct. 13]. Both presidential candidates want to blame Wall Street, and there is surely some merit to that. But the heart of the problem rests with Freddie Mac and Fannie Mae, two quasi-government corporations. Despite several attempts by legislators to call attention to the impending crisis, others preached the soundness of these institutions. This is not a failure of the free-market system; it is the failure of big government and its manipulations. Jim Vance...

Author: /time Magazine | Title: Inbox | 10/23/2008 | See Source »

...Ventura's triumph in Minnesota was a stunning political upset with unforeseen causes and unpredictable consequences. He was the first candidate of Ross Perot's Reform Party to win statewide office. He defeated two respected, if not beloved, career politicians--Republican Norm Coleman, mayor of St. Paul, and Democrat Hubert ("Skip") Humphrey III, state attorney general and son of the late Vice President. Ventura's slogan, "Retaliate in '98," seemed an off-key way to appeal to voters in a prosperous and well-governed state with 2.4% unemployment. Retaliate for what...

Author: /time Magazine | Title: Body Slam — Jesse Ventura | 10/22/2008 | See Source »

...former popular mayor of St. Paul, Coleman was a Democrat before he switched parties in 1996, and he remains a fairly moderate Republican today. And for all its history as a bastion of liberalism, Minnesota morphed into a quirky swing state in the mid-1990s, bestowing statewide office to politicians of every stripe, from doctrinaire conservatives (Rod Grams) and old-school liberals (Paul Wellstone) to a flaky, funky former professional wrestler (Jessie Ventura). Al Gore and John Kerry both beat George W. Bush in Minnesota, but by surprisingly slim margins. And in the 2006 midterms, when Democrats were knocking...

Author: /time Magazine | Title: Races to Watch '08: Franken May Get Last Laugh in Minnesota | 10/22/2008 | See Source »

...President's woeful job approval numbers. But Franken and his team spent the summer in a defensive crouch, explaining how, in contemporary comedy, a rape joke is really just a joke, and how swear words are part of the basic vocabulary. As if that weren't enough, the Democrat became embroiled in a "scandal" over having not paid all of his state taxes from his days as an itinerant entertainer. By Labor Day, Coleman looked likely to prevail...

Author: /time Magazine | Title: Races to Watch '08: Franken May Get Last Laugh in Minnesota | 10/22/2008 | See Source »

...Public Mistrust RE Michael Grunwald's piece on how Washington failed us: I'm neither Republican nor Democrat, and I am disgusted with both [Oct. 13]. Both presidential candidates want to blame Wall Street, and there is surely some merit to that. But the heart of the problem rests with Freddie Mac and Fannie Mae, two quasi-government corporations. Despite several attempts by legislators to call attention to the impending crisis, lawmakers like Senator Christopher Dodd - the No. 1 recipient of campaign contributions from Fannie and Freddie - preached the soundness of these institutions. This is not a failure...

Author: /time Magazine | Title: Depression Hurts | 10/21/2008 | See Source »

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