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After the bailout bill went down in defeat, most of the legislators who had voted against it sang this refrain: The voters made us do it. Indeed, before Monday's vote, angry constituents overwhelmingly panned the plan championed by Treasury Secretary Henry Paulson. The volume of e-mail crashed the House's website. After Wall Street tumbled 778 points, voters are still mad - and now even more confused. Representative Steve LaTourette, a Republican from Ohio, tells it this way: until Monday, the calls and e-mails to his office were 200-to-1 opposed to the bailout. But after...

Author: /time Magazine | Title: Why Main Street Is Mad: Scenes from a Financial Crisis | 10/1/2008 | See Source »

...postmortems of yesterday's failed congressional bill to right the credit markets, I'm noticing a repeated refrain: Representatives voted against it because their constituents hated it, and their constituents hated it because they didn't understand the consequences...

Author: /time Magazine | Title: Is the Media to Blame for the Bailout Bust? | 9/30/2008 | See Source »

...become head of U.S. Central Command, which includes Iraq, Afghanistan and Pakistan, says Pakistan's very existence is threatened by the turmoil along its border with Afghanistan. "Pakistan faces a threat that certainly seems to be an existential threat," he told reporters Thursday in Paris. Echoing a growing Pentagon refrain, Petraeus likened the enemy in western Pakistan to a "syndicate" made up of "some true al-Qaeda, some Taliban, and in between different forms of extremist movements...

Author: /time Magazine | Title: Border Clashes Add to US-Pakistani Tensions | 9/26/2008 | See Source »

...believed that air strikes would end. Speaking to reporters after a lengthy meeting with Prime Minister Gordon Brown, he said: "I don't think there will be any more [air strikes]." In his meeting with Brown, Zardari had urged the British prime minister to persuade the Americans to refrain from further attacks on Pakistani soil. "The U.K. agrees with us that such moves are counterproductive," says the Zardari aide, who had been present at the meeting...

Author: /time Magazine | Title: Pakistan vs. US Raids: How Bad a Rift? | 9/18/2008 | See Source »

Sure enough, the day after Biden's selection the archbishop of Denver declared that the Catholic senator should "refrain from presenting himself for communion." Archbishop Charles Chaput was one of the handful of Catholic leaders who had targeted Kerry in 2004, but he had become a marginalized in the bishops conference - losing key leadership elections - in part because of his extreme views about denying communion to politicians. His warning to Biden stood alone. Even the conservative Catholic League's Bill Donahue, who rarely hesitates to fire off press releases condemning Catholic Democrats, was unusually silent about Biden...

Author: /time Magazine | Title: Does Biden Have a Catholic Problem? | 9/13/2008 | See Source »

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