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...history that had "teemed with manifold projects and magnificent purposes ... It is in this spirit that all of us are called, each to his own measure of capacity, and each in the widest horizon of his vision, to create the first great American Century." And so we did. The question now is how far we can extend our heyday of manifold projects and magnificent purposes. Golden ages and empires do come...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

...forth to meet with the world's leaders in Europe the first week in April. The new President has shown a predilection for diplomacy, a subtle strategic sense of the world. But sometimes you have to throw your weight around - quietly, but firmly - and Gelb has raised an essential question: Will Obama know how, and whether, to react if diplomacy fails? (Read "Is Europe Falling Out of Love with Obama...

Author: /time Magazine | Title: Obama on the World Stage: What Power Means | 3/26/2009 | See Source »

...real question is, Are we going to have a huge deficit with investment or a huge deficit without investment?" said Senator Carl Levin, a Michigan Democrat, emerging from the meeting. "Those are my words, not [Obama's], but I'm kind of summarizing what the argument is here. If you eliminated his investments, you'd find the deficit would still be 80% or 90% of what it would be otherwise with his investment." In other words, since Washington is going to rack up massive deficits, it may as well go all in and get some long-term bang...

Author: /time Magazine | Title: Obama's Budget Fight Starts with His Own Party | 3/26/2009 | See Source »

...actually grinding to a halt while the President agonizes over whether North Carolina can take Duke or that Obama is cackling with wicked glee at the thought of autoworkers being thrown on the streets. (Least of all Kroft, who was smiling broadly himself as he asked the "punch-drunk" question.) Instead, these controversies are either surrogates for political arguments or another way the press plays the news-cycle game. Did the President win the interview, or did he lose...

Author: /time Magazine | Title: Obamathon: Is the President Overexposed? | 3/26/2009 | See Source »

Thus Kroft's bizarrely meta question: "Are people going to look at this and say, 'I mean, he's sitting there just making jokes about money'?" - asking the President to analyze the public's reaction to his tone in an interview he was in the middle of. And thus the hyperventilating over Obama's Leno sit-down, coverage of which focused not on substance but on Obama's comparing his bowling skills to the "Special Olympics." Here's another thing F.D.R. didn't have to deal with: a public jaded by superficial, 24/7 political spin...

Author: /time Magazine | Title: Obamathon: Is the President Overexposed? | 3/26/2009 | See Source »

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