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Steve LaTourette, the moderate Republican who is likely to win re-election in November but may be vulnerable because of the foreclosure crisis, says the problem is that no one has explained the bailout in terms that the public can understand. "I went to the financial services hearing and begged them to explain this to the guy on his couch, and they never did. They never really explained why they needed all this money in a simple way to the guy with the 401(k), the guy with a small business who already pays a lot in taxes...

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

...still might help. Unfair would be the biggest one-word comment. No one is going to help me if I have problems with my company. Especially considering the huge amounts of money these companies were paying themselves, it's really obscene." Another St. Helena resident, Paul Tuttle, a registered Republican, peppered his Representative, Democrat Mike Thompson, with anti-bailout e-mail. "I think it was bad legislation," says Tuttle. "You're socializing risk. It's like creating the U.S.S.R. under the U.S. flag." Thompson voted against the measure. Says Tuttle: "We have a perfectly valid branch, the FDIC, there...

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

There is anxiety, of course. And that has fueled some support for a bailout - or a "buy-in or rescue," as Jesse Stone, a bankruptcy attorney and chairman of the Burke County Republican Committee, calls it. "I hate that it has to be done, but I don't know of any other alternative. I'm just afraid that credit will dry up and the markets will plunge further. My whole retirement is based on what I have invested, and that could be wiped out." (Stone's Representative, a Democrat, did not support the bill in Congress...

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

Among the poll's most dramatic findings: McCain is losing female voters faster than Sarah Palin attracted them after the Republican National Convention. Obama leads McCain by 17 points with women, 55%-38%. Before the conventions, women preferred Obama by a margin of 10 points, 49%-39%. After McCain picked Palin as his running mate, the gap narrowed to a virtual tie, with Obama holding a 1-point margin...

Author: /time Magazine | Title: Poll: Obama Makes Gains with Women, Hits New High | 10/1/2008 | See Source »

...college-educated white women split virtually evenly, 46%-45% for McCain. By contrast, Obama remains weak among white men. That group supports McCain 57%-36% overall, and non-college-educated white men back the Republican ticket by an even greater margin...

Author: /time Magazine | Title: Poll: Obama Makes Gains with Women, Hits New High | 10/1/2008 | See Source »

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