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...signals. Obama recently signed a $787 billion stimulus package, the American Reinvestment and Recovery Act, into law. Tim Geithner just set out the skeleton for a plan to rescue the banking system that could cost up to $2.5 trillion. Obama is also holding fast to his campaign promises to reform health care and education. He has also highlighted Social Security as “the single most pressing fiscal challenge we face, by far.” Obama is an intelligent man and a gifted leader, but accomplishing all of this spending while slashing the budget deficit without sending taxes...

Author: By Malcolm-wiley T. Floyd | Title: DISSENT: Obama, Hoover, Maynard Keynes? | 2/23/2009 | See Source »

...other words, Californians need to brace for another wave of campaigning by politicians and special interest groups. "We're most concerned about the spending cap that would not just lock us into our broken health care system and prevent us from restoring or reforming, but it would force us to make cuts to existing services in the future," says Anthony Wright, executive director of the reform-minded Health Access California, who plans to campaign against the proposal...

Author: /time Magazine | Title: With a New Budget, Now Californians Brace for the Pain | 2/21/2009 | See Source »

...That reality was on show during the French President's Iraq visit. Maliki used Sarkozy's presence and words of support to respond to comments by U.S. Vice President Joe Biden that Washington would be "more aggressive" in demanding political reform from Baghdad. Delivered as Biden left for an international security summit in Munich, the sentiment apparently annoyed the Iraqi Prime Minister. "The time for putting pressure on Iraq is over," Maliki said during a Baghdad press conference with Sarkozy. That must be music to Old Europe's ears...

Author: /time Magazine | Title: Europeans Who Sat Out the Iraq War Now Line Up for Its Business | 2/20/2009 | See Source »

...French officials also hope they will take charge of two important NATO outfits: one in Norfolk, Virginia, which oversees alliance reform; and an operational command center in Lisbon, Portugal. Hundreds of French officers will also assume posts in NATO institutions, including its headquarters in Brussels. Tertrais says France also wants to reassure Washington and certain E.U. capitals that France's plans to strengthen Europe's own defense can help the NATO alliance rather than undermine it. "France needs to put an end to questions in the minds of certain allies about whether its desire to construct a European defense identity...

Author: /time Magazine | Title: France Moves Toward Fuller NATO Role | 2/19/2009 | See Source »

Cairo-Washington relations have been chilly over numerous issues, including U.S. handling of the Israeli-Palestinian conflict and the American invasion of Iraq as well as disagreements over domestic reform in Egypt. The U.S. froze negotiations on a free trade agreement with Egypt after Nour was handed his prison sentence; Mubarak, in turn, halted his regular visits to Washington. In contrast, Mubarak appears elated by Obama's decision to plunge immediately into Arab-Israeli peacemaking, and gave a warm welcome last month to George Mitchell when the new U.S. special envoy made Cairo the first stop of his first Middle...

Author: /time Magazine | Title: Egypt Frees a Dissident: A Gesture for Obama? | 2/19/2009 | See Source »

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