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...Democrats are having none of this tale of woe. As far as they're concerned the GOP's platform of deregulation is what caused this problem, and it's a GOP President - however unpopular - who is demanding this fix. They view Boehner's stance with deep suspicion. If enough Republicans did not support the bill, why, they ask, did Republican Senator Bob Bennett and Representative Spencer Bachus, the top Republican on the House Banking Committee, stand at the press conference on Thursday announcing the agreement and voice their support? Why wait until a meeting at the White House to throw...

Author: /time Magazine | Title: Who's to Blame for the Bailout Deal's Stumble? | 9/26/2008 | See Source »

...Perhaps, the Democrats now wonder, the point was actually to make it harder. Some party members think Boehner created a problem for the Republican nominee to fix; if the House Republicans can be brought around from their initial intransigence, McCain would be seen as the savior of the bill. Even some of the McCain campaign's statements Thursday afternoon seemed to suggest as much. "We're optimistic that Senator McCain will bring House Republicans on board without driving other parties away, resulting in a successful deal for the American taxpayer," said McCain spokeswoman Kimmie Lipscomb...

Author: /time Magazine | Title: Who's to Blame for the Bailout Deal's Stumble? | 9/26/2008 | See Source »

...broom vigorously. The education system, despite increased funding and access, is still an embarrassment: Brazilian students continue to score at the bottom on international math and reading tests. Taxes are exorbitant, Amazon deforestation is rising again, and Brazil has one of the world's most wasteful public bureaucracies. To fix all those problems in two years would require much more divine intervention...

Author: /time Magazine | Title: Lula's Way | 9/25/2008 | See Source »

...bipartisan backlash. "Paulson confused venture-capital behavior with leading a free society," says former House Speaker Newt Gingrich. "I don't know why Bernanke thinks a problem largely created by the Fed and the Treasury is something that only the Fed and the Treasury are smart enough to fix." Others went further: "It's financial socialism," Senator Jim Bunning of Kentucky told Paulson and Bernanke at a stormy Senate Banking Committee hearing, "and it's un-American." Bunning, a conservative, was echoed by Senator Chris Dodd, a Connecticut liberal: "After reading this proposal, I can only conclude that...

Author: /time Magazine | Title: Three Men And a Bailout | 9/25/2008 | See Source »

Light started off the discussion by likening his view of a solution to the actions of an emergency-room doctor trying to treat an automobile accident victim, accentuating the need for short-term stability (stopping the “bleeding”), an intermediate fix (doing something “surgical”), and longer-term “rehab and recovery...

Author: By Maxwell L. Child, CRIMSON STAFF WRITER | Title: Panel Weighs Market Meltdown | 9/25/2008 | See Source »

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