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...Gibbs, I eagerly await the arrival of "some new bums" in the political arena [July 28]. I even know some who would be perfect: an eighth-grade English teacher who knows the Constitution inside and out; an empathetic nurse with the experience to help establish a universal health-care plan. Sadly, these outstanding outsiders will remain outside until our system changes its rules by drastically limiting the amount of money a candidate is allowed to raise and by reducing the amount of time a candidate may campaign. Only by leveling the field will those players be able to enter...

Author: /time Magazine | Title: Inbox | 7/31/2008 | See Source »

...Gibbs, I eagerly await the arrival of "some new bums" in the political arena [July 28]. I even know some who would be perfect: an eighth-grade English teacher who knows the Constitution inside and out; an empathetic nurse with the experience to help establish a universal health-care plan. Sadly, these outstanding outsiders will remain outside until our system changes its rules by drastically limiting the amount of money a candidate is allowed to raise and by reducing the amount of time a candidate may campaign. Only by leveling the field will those players be able to enter...

Author: /time Magazine | Title: Inbox | 7/31/2008 | See Source »

...role for government in job creation. In the short term, he supports a second stimulus package in addition to the $168 billion one already passed. McCain portrays himself as a traditional fiscal conservative, emphasizing tax cuts and a balanced budget. He has not weighed in on a second stimulus plan. TAXES The 2001 and 2003 Bush tax cuts are set to expire in 2010. What are the candidates' new tax proposals? He would end Bush's tax cuts for families making more than $250,000 and raise the capital-gains tax rate to 25% from 15%. He wants yearly...

Author: /time Magazine | Title: A Voter's Guide to the Economy | 7/31/2008 | See Source »

...Bush's cleanup campaign is scrambling the assumptions of both Obama and John McCain. Bush's endorsement on July 18 of a "horizon" for withdrawal from Iraq has isolated McCain, who once said he favored a 100-year presence there. And so he backpedaled, calling a 16-month withdrawal plan supported by Iraq's Prime Minister a "pretty good" timetable. Bush's new tactics may complicate the calculations of Obama as well. Even a symbolic troop drawdown in Iraq before the election could depress antiwar sentiment among Obama's most loyal voters. Obama knows that as troops are withdrawn, Bush...

Author: /time Magazine | Title: The Bush Diplomacy Surge | 7/31/2008 | See Source »

...banks and thrifts, there are well-defined procedures for dealing with insolvencies through the Federal Deposit Insurance Corp. But much of the financial action in recent years has moved to companies for which there is no such shutdown plan. When Wall Street firm and major mortgage player Bear Stearns experienced something akin to a bank run in March, the solution that Paulson and Bernanke came up with was a hastily arranged sale to JPMorgan Chase & Co., backed by a $29 billion guarantee from the Fed. The Fed is responsible for keeping prices stable and credit flowing. Bailing out troubled lenders...

Author: /time Magazine | Title: Can Paulson Save the Economy? | 7/31/2008 | See Source »

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