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...18th century, many of the framers of the fledgling United States-the first major modern democracy-also put stock in the idea. Benjamin Franklin, John Adams and Thomas Jefferson were among those who considered term limits an important way to check individual power. In a 1787 letter to James Madison, Jefferson counted "the perpetual eligibility" of elected officials, and especially a chief executive, as one of two key elements of the proposed Constitution that he didn't like (the other being the absence of a Bill of Rights). But while the Articles of Confederation limited delegates to three-year terms...

Author: /time Magazine | Title: Term Limits | 10/3/2008 | See Source »

...Boehner, John • bailout bill is called a "crap sandwich...

Author: /time Magazine | Title: Slansky's Weekly Wrapup | 10/3/2008 | See Source »

...McCain, John •alleged failure of Obama to comprehend things is repeatedly pointed out by •comprehension of things is asserted to by Obama •conservatives appalled by Palin are dismissed as "Georgetown Cocktail Party" people by •hand of Obama is reluctantly shaken by as eyes of look elsewhere •"horseshit!" is twice muttered during debate by •medical records of are still insufficiently disclosed by •Michigan is given up on by •unfairness of life is bemoaned...

Author: /time Magazine | Title: Slansky's Weekly Wrapup | 10/3/2008 | See Source »

...surprisingly, the Blue Dogs aren't too happy about being put in such an awkward position. "I am so thoroughly disgusted with the Senate this morning," said Rep. John Tanner, chairman of the Blue Dogs, who originally voted for the bailout but now is undecided on the package. "It is just breathtakingly hypocritical for them, particularly the minority leader in the Senate, to claim that this is their finest hour and they're sending us the bill here and we've got to make some tough decisions...

Author: /time Magazine | Title: Blue Dog Democrats May Be Key to the Bailout Bill's Fate | 10/3/2008 | See Source »

...Many of their Republican counterparts are equally ambivalent, even with the tax sweeteners and an increase in the maximum amount of bank deposits insured by the FDIC, from $100,000 to $250,000. But several influential conservative Republicans who oppposed the first bill, like John Shaddeg of Arizona and Zach Wamp of Tennessee, have signaled that they will reluctantly support the new Senate version. Still, the vote promises to be a nail-biter, and by Thursday evening, the White House and Congressional leaders were still not convinced that they had secured the additional 12 votes to guarantee passage. With...

Author: /time Magazine | Title: Blue Dog Democrats May Be Key to the Bailout Bill's Fate | 10/3/2008 | See Source »

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