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...cough up some money. Bush's hand was forced. In theory, the job of saving the car companies would have gone to the Commerce Department, but its chief, Carlos Gutierrez, doesn't have access to the kind of money Detroit needs, so Bush gave the job to Treasury Secretary Hank Paulson...

Author: /time Magazine | Title: Bush's Rescue Plan for Detroit: Passing the Buck | 12/19/2008 | See Source »

...face voters in 2010, to fill out Clinton's term, and again in 2012, for re-election. And Kennedy, who has never run for office, may not be the strongest candidate against a tough Republican challenger. A Caroline Kennedy appointment "is fifty-fifty at best," says political consultant Hank Sheinkopf, a spokesman for state senate Democratic leader Malcolm A. Smith. "She has not run a statewide campaign. She has not run a local campaign. She has not been in combat, which is the state of politics in New York and anywhere else." (See pictures of J.F.K.'s early years...

Author: /time Magazine | Title: The Other Senate Vacancy: Who Will Replace Hillary? | 12/9/2008 | See Source »

...billion loan package Congress approved in September that the automakers were supposed to use to retool their assembly lines to build more fuel-efficient vehicles. Democratic Congressional leaders have wanted the cash to come instead from the $700 billion financial rescue pot they gave Treasury Secretary Hank Paulson in October - which is why the auto executives found themselves in the strange position of pleading their case before the House and Senate banking committees...

Author: /time Magazine | Title: Automakers Win Hearts in D.C., But No Cash (Yet) | 12/6/2008 | See Source »

...Stream store have been called "rabid," "pathetic" "savages" with "no souls." There have been calls for criminal prosecutions against these "animals." Wal-Mart, meanwhile, has claimed it prepared for the crush by bringing on outside security and additional sales staff. "Despite all of our precautions," said Wal-Mart executive Hank Mullany in a thrillingly passive turn of phrase, "this unfortunate event occurred...

Author: /time Magazine | Title: How to Prevent a Crowd Crush | 12/6/2008 | See Source »

...what about that $750 billion we already gave Hank Paulson, the Treasury Secretary, to clean up this mess? Oh yeah, that. Well, that wasn't a stimulus. It was a bailout. Big difference. The purpose of the bailout was to save the financial system from collapse. (And anyway, it hasn't worked.) The purpose of a stimulus is to get the entire economy moving again. Put money in people's pockets and let them spend it. Or, even better, let's spend it together on national projects like fixing the highway system. Bring on the earmarks! Hey, Sarah--where...

Author: /time Magazine | Title: Stimulus Nation: Pump It Up | 12/4/2008 | See Source »

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