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Texas When news of the Wall Street bailout plan broke, coffee shops and courthouse-square cafés in the Lone Star State echoed with disgust for it. So great was the outrage that Chet Edwards - whom Speaker Nancy Pelosi once touted for Obama's Vice President - may be dogged by his yes vote on the campaign trail. Edwards, a popular Democratic incumbent in President George W. Bush's home district, was one of nine Representatives out of Texas' 32-person delegation to vote for the bill. (Even four of the five Texas Republicans whom Bush called personally voted against...

Author: /time Magazine | Title: Why Main Street Is Mad: Scenes from a Financial Crisis | 10/1/2008 | See Source »

...lose all my retirement funds on Wall Street, I will probably have to. I put in a lot of good years working and I paid my dues, and I want to stay retired." She says she's hoping the market "will bounce back if they come up with a plan that people see will work." But, she also says, "I'm not sure I trust what they're saying." - By Betsy Rubiner / Des Moines...

Author: /time Magazine | Title: Why Main Street Is Mad: Scenes from a Financial Crisis | 10/1/2008 | See Source »

...main fault line is a familiar one: illegal immigration. McCain and his allies in Arizona, including most of the state's congressional delegation (though it unanimously voted Monday against the Wall Street bailout plan pushed by McCain) and many of the state's leading business interests, favor a dual approach combining enforcement and a path to citizenship. The rambunctious populist wing of the state GOP, led in part by state representative Russell Pearce from Mesa, favors a much tougher stance of deportations first and foremost...

Author: /time Magazine | Title: McCain's Republican Enemies in His Home State | 10/1/2008 | See Source »

...McCain formed his unorthodox plan for winning the White House in the dark days of midsummer, during a time when his campaign was defined by small crowds, logistical missteps and an inability to break through the media's fascination with Obama. At the time, McCain's aides openly vented their frustration, both with the political climate, which favored Democrats, and with the media, which they believed had unjustly soured on McCain. It was an environment that seemed tailor-made for Schmidt, McCain's new day-to-day campaign manager, who had earned his stripes in the hardscrabble world...

Author: /time Magazine | Title: What's Behind McCain's Nosedive | 10/1/2008 | See Source »

...plan Schmidt developed for McCain called for the campaign to go on offense, with sometimes shocking moves that would begin winning weeks of news coverage. Call Obama an unprepared celebrity. Reintroduce McCain as a maverick and a change agent. Hit old Republican themes on taxes and spending. Run away from the record of Republicans in Congress and the White House. Make copious use of outrage and emotion. Rather than a single, unified message, Schmidt planned a multifaceted attack, which would be stitched together under the banner of "Country First," a phrase that both highlighted McCain's war-hero biography...

Author: /time Magazine | Title: What's Behind McCain's Nosedive | 10/1/2008 | See Source »

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