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...over the same period last year, a result of a slowing economy and a dearth of financing for would-be car buyers. Total U.S. car and light-truck sales this year could come in at 13.5 million, 2.6 million fewer than last year. "That's in nobody's business plan," says Kimberly Rodriguez, an automotive specialist with Grant Thornton. "The best planning in the world cannot survive that fluctuation." It's now clear that GM can't survive as an ongoing entity without massive federal assistance. The company is burning through more than $2 billion each month...

Author: /time Magazine | Title: Is General Motors Worth Saving? | 11/13/2008 | See Source »

...knows exactly what image he’s portraying: an Anglo Conservative Texan.”If Andrea is blithely Machiavellian about Harvard politics, it’s because she knows what it’s for, she said. The campus political games are just training. Her plan is to go back to her home state and become the kind of politician who can do something about New Mexico’s high rates of domestic violence, its education system, and the power hierarchies dividing Anglos, Latinos and Native Americans. Basically, she wants to be Bill Richardson, governor...

Author: By Lois E. Beckett | Title: Kids Who Would Be King | 11/12/2008 | See Source »

When I asked Caleb if wants to be president, he laughed and stretched out his arms uncomfortably against the back of the white leather banquette. We were in a trendy little Georgetown restaurant, all sharp lines and arctic surfaces. Caleb had already told me that his postgraduate plan is to work in the private sector. He will always be involved in politics, he said, but maybe just as a donor or volunteer. Many people on campus seem to think you aspire to the presidency, I told him. “That’s hilarious,” he said...

Author: By Lois E. Beckett | Title: Kids Who Would Be King | 11/12/2008 | See Source »

...urged Republicans to adopt a more upbeat offensive in the 21st century, especially during the worst economic crisis since the Great Depression. He and many of his statehouse peers contend that McCain flamed out in Florida and the nation in large part because his campaign followed a negative attack plan. "Right now, people want commonsense answers to problems that are not always ideologically based," Crist told TIME last week. "When it comes to pocketbook issues, I think they want the Florida way, a more bipartisan approach that aims for the sweet spot between hard right and hard left...

Author: /time Magazine | Title: Can Republican Governors Rebuild Their Party? | 11/12/2008 | See Source »

...Ronald Reagan's triumphs, more pragmatic Republicans like Crist, California governor Arnold Schwarzenegger, Minnesota governor Tim Pawlenty, Indiana governor Mitch Daniels and even conservative Louisiana governor Bobby Jindal will likely be the phoenixes that rise from the GOP ashes of 2008. (None, however, will yet say if they plan to mount their own presidential bids in 2012.) As a result, says Leslie Lenkowsky, a public affairs professor at Indiana University who served with Daniels in the Bush Administration, "the future of the Republican Party is going to be decided at the statehouses...

Author: /time Magazine | Title: Can Republican Governors Rebuild Their Party? | 11/12/2008 | See Source »

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