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...McBama: "This plan cannot be a welfare program for Wall Street executives...

Author: /time Magazine | Title: Who Can Lead Us Out of This Mess? | 9/25/2008 | See Source »

...Obama, who had discussed issuing a joint statement of resolve about a bailout plan with McCain earlier in the day, announced in late afternoon that he would prefer to stick to the original debate schedule - a move that left McCain's team hoping for a resolution to the financial bailout negotiations before Friday night...

Author: /time Magazine | Title: When Presidential Politics Meets a Financial Crisis | 9/25/2008 | See Source »

...that is wildly out of balance. How would President McCain convince people that they can't have a bigger flat-screen than they can afford while he's running a government that promises more services than it has money for? Neither McCain nor Obama has put forth any concrete plan for deficit reduction. If, as the latest polls suggest, McCain is seen as less credible on the economy than Obama is - and losing ground as a result - the reason is probably that his evasion of reality feels staler than his opponent's. A Republican offering specific tax cuts but only...

Author: /time Magazine | Title: Who Can Lead Us Out of This Mess? | 9/25/2008 | See Source »

...Which is why a major overhaul of the health-insurance system may be worth a try, especially if it can be sold as a reform - as a means to make U.S. companies more competitive and the economy more efficient. The ground seems particularly ripe for a plan that would provide universal coverage while relieving U.S. businesses of their suffocating health-insurance responsibilities and does it without socializing medicine. Senators Ron Wyden (Democrat, Oregon) and Bob Bennett (Republican, Utah) have made such a proposal, the Healthy Americans Act, which has gained the support of 15 Senate co-sponsors, evenly divided between...

Author: /time Magazine | Title: The Return of the Age of Activism | 9/25/2008 | See Source »

...Following a morning conversation on Wednesday between Barack Obama and John McCain, the Republican candidate said he was suspending his campaign to return to Washington to work on the bailout plan and vowed to skip the debate with Obama in Oxford, Miss., on Friday night unless a deal - or at least the outlines of a deal - is put in place...

Author: /time Magazine | Title: When Presidential Politics Meets a Financial Crisis | 9/25/2008 | See Source »

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