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McCain economic adviser Douglas Holtz-Eakin tried over the weekend to make the case that it's Obama who more closely resembles Bush because they're both big spenders. But it's hard to see that one sticking. If this election becomes a referendum on the recent performance of the U.S. economy, Obama wins and McCain loses. It's as simple as that...

Author: /time Magazine | Title: What Is Obama's Economic Plan? | 6/9/2008 | See Source »

...Obama make this election a referendum on the U.S. economy? He's certainly going to try. If his speech in Raleigh, N.C., Monday afternoon was any indication, though, it's not going to be a slam dunk. It's clear that Obama's economic policies aren't a continuation of the Bush era. But what they are remains a hard-to-summarize mix of moderate Democratic standbys, populist silliness and the occasional truly visionary proposal. They haven't coalesced into anything you could really call a rallying cry. Not yet, at least...

Author: /time Magazine | Title: What Is Obama's Economic Plan? | 6/9/2008 | See Source »

...Cuba's Fidel Castro - is his democratic legitimacy. Despite his authoritarian bent, Chavez has been fairly elected three times, and he can't afford to forfeit that cachet. That's why he surprised his critics by respecting the will of the electorate when he lost last year's referendum. The need to maintain his democratic credentials is also the reason why, in the face of howls from civil rights groups, he did an about-face on Saturday and promised to soften a recent dictum that would have ramped up Venezuela's intelligence-gathering activities against its own citizens. Chavez acknowledged...

Author: /time Magazine | Title: A Kinder, Gentler Hugo Chávez? | 6/9/2008 | See Source »

...based Council on Hemispheric Affairs. "Right now, being a radical is not where the votes are" in a country that, despite its vast oil wealth, is wrestling with high inflation and even higher rates of violent crime. Chavez suffered a rare but stinging defeat last year in a referendum on constitutional amendments that would have broadened his socialist agenda and eliminated presidential term limits. Now, he appears determined to prevent his once feckless opposition from dealing him another setback in state and local elections scheduled for November. Those races will set the tone for later parliamentary balloting, which could...

Author: /time Magazine | Title: A Kinder, Gentler Hugo Chávez? | 6/9/2008 | See Source »

...neighbors. The failure is a blow to the right-wing Swiss People's Party, which rode a wave of anti-immigrant sentiment to a plurality in parliament. About 22% of Swiss residents are foreigners--one of the highest rates in Europe--and the party exploited rising xenophobia in its referendum campaign with ads depicting dark hands snatching Swiss passports...

Author: /time Magazine | Title: The World | 6/5/2008 | See Source »

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