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...President-elect rode the rails to his Inauguration, his normally buoyant spirits muted by a passing landscape of shuttered factories and municipalities in default. A quarter of the nation's workforce was unemployed; what remained of its credit system was on life support. By the time Franklin Roosevelt reached Washington on the evening of March 2, local hotels were refusing to accept out-of-state checks. Eleanor Roosevelt wondered how her family would pay its tab at the Mayflower...

Author: /time Magazine | Title: The Ghosts of '33 | 1/15/2009 | See Source »

Barack Obama appears to share F.D.R.'s instinctive grasp of crisis not as something to be managed but as an opportunity to forge an emotional bond with those he will lead. Will he denounce Bernard Madoff and the modern money changers? Confident enough to be gracious, the President-elect has been much more forthcoming about his economic agenda than the deliberately opaque F.D.R. As for the outgoing President, George W. Bush has no wish to be the Herbert Hoover of the CNBC generation. Accordingly, his Administration will have spent several hundred billion dollars to unfreeze the credit markets. (Indeed...

Author: /time Magazine | Title: The Ghosts of '33 | 1/15/2009 | See Source »

Come Jan. 21 and beyond - after nearly three months of offering the President-elect free advice and producing stories about his struggles to choose a puppy and keep his BlackBerry - the press will need to cover the fact, not the idea, of President Obama. As long as we're asking what he might do differently, it's only fair to ask the same of the media that cover him. Has the press learned anything from the past eight years? And if so, will those lessons stay learned? (See pictures of Obama's college years...

Author: /time Magazine | Title: In the Obama Era, Will the Media Change Too? | 1/15/2009 | See Source »

...first time in a long time, I believed what I read. President-elect Obama's words are clear and I am comforted to hear them. Most of all, I think I can trust the government again. However it happened, so many Americans have lost faith in their leaders and their government's ability to stand for things noble and good. The previous Administration never apologized for its errors; it didn't seem to care what others thought of them. So I didn't care anymore. But now I do because I believe Obama listens and understands and has his heart...

Author: /time Magazine | Title: Inbox | 1/15/2009 | See Source »

...While I am proud to be one of president-elect Obama's earliest supporters, I disagree with the selection of him as Person of the Year. I would suggest that honor go to the American voter, who elected him, renewed my faith in democracy and helped restore America's image in the world. As a white man, I am so proud of my country and its people for looking past all the fear tactics in this election and choosing the best candidate with nearly limitless potential for the job. In the words of Obama, "Yes, we can." Scott A. Giordano...

Author: /time Magazine | Title: Inbox | 1/15/2009 | See Source »

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