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...Scientific staff in the George W. Bush-era EPA found that CO2 is a pollutant, but then administrator Stephen Johnson rejected the recommendation and delayed the process of regulating it, part of the Bush Administration's general obstructionism on climate change. When Lisa Jackson took over the EPA under the new President, however, she told Congress that one of her first acts would be to reevaluate her predecessor's decision, and she didn't drag her feet. "It's an exercise in leadership that takes the first step in regulating CO2 emissions from automobiles," says John Walke, the clean...

Author: /time Magazine | Title: EPA Calls CO2 a Danger — At Last | 3/23/2009 | See Source »

Only two months old, the presidency of Barack Obama already has a dominant theme. It rings out in nearly every public address, comes up in almost all his media interviews, and even graced the cover of his first budget. "A New Era of Responsibility," he called the document...

Author: /time Magazine | Title: Will Deficits Force Obama to Sacrifice His Agenda? | 3/23/2009 | See Source »

...this new era, everybody must begin to account for his or her behavior. Wall Street executives cannot get fat on paper profits from powder-keg transactions. Government regulators cannot take long lunches to toast the invisible hand. Investors cannot expect new bubbles to bailout their busts. Congress cannot send home boondoggle pork projects while whining about government spending. And the President of the United States shall no longer have the liberty to dodge the big issues. He will have to lead by example and make the hard choices. (See who's who in Obama's White House...

Author: /time Magazine | Title: Will Deficits Force Obama to Sacrifice His Agenda? | 3/23/2009 | See Source »

...Everyone in this chamber - Democrats and Republicans - will have to sacrifice some worthy priorities for which there are no dollars," Obama told Congress, in one typical expression of the Responsibility Era. "And that includes...

Author: /time Magazine | Title: Will Deficits Force Obama to Sacrifice His Agenda? | 3/23/2009 | See Source »

...administration's economic vision, the Obama White House pretty much got a failing grade - not because the President's advisers were bad at math, but because the CBO found that the economy is expected to recover so slowly as to make the Obama policy proposals unsustainable. The new "Era of Responsibility," it turned out, runs into big trouble with just a slight long-term decline in economic projections...

Author: /time Magazine | Title: Will Deficits Force Obama to Sacrifice His Agenda? | 3/23/2009 | See Source »

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