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...hell broke loose. Her proposal caught the attention of talk-radio juggernaut Rush Limbaugh, and over the next few weeks Limbaugh hammered on Ghilarducci's idea as a Democratic plot to kill the 401(k). "McCain has gotta tie Obama to these people," he said on the air. Republican presidential candidate John McCain did try, but only perfunctorily. It didn't help him much on Election...

Author: /time Magazine | Title: Should the 401k Be Killed? | 12/4/2008 | See Source »

...Democrats had been looking to divert $25 billion of the $700 billion bank-bailout funds allocated in September to help the automakers, a move opposed by many Republicans critical of an industry that has long resisted tighter fuel-efficiency standards, continued to invest in gas-guzzling trucks and SUVs even as oil prices soared and given its union unsustainably generous deals on salary and benefits. "I don't believe this is a good idea, to take $25 billion and give it to the three major car companies, which I think have a business plan that's doomed to fail," Senator...

Author: /time Magazine | Title: The Auto Bailout May Wind Up on Obama's Plate | 12/3/2008 | See Source »

...battle we face is not of Republican versus Democrat but of the indifferent versus the committed." - on prioitizing the needs of Africa, as President George W. Bush was coming into office, Associated Press...

Author: /time Magazine | Title: U.N. Ambassador: Susan E. Rice | 12/3/2008 | See Source »

...runoff is a big deal. A Chambliss victory would not send much of a message to the nation; it would just confirm the obvious fact that Georgia is more conservative than the nation. But it could reinforce the dangerous message that recent electoral results have been sending to Republicans. GOP moderates like Connecticut Congressman Christopher Shays and GOP pragmatists like North Carolina gubernatorial candidate Pat McCrory keep losing, while most Republican survivors have been conservatives from conservative districts and conservative states. So the party keeps looking more like Chambliss and moving further in his direction - even more white, even more...

Author: /time Magazine | Title: What's Really at Stake in Georgia's Senate Runoff | 12/2/2008 | See Source »

While Harry Reid, Nancy Pelosi and other congressional Democrats mull an auto-industry bailout plan, it's worth recalling a pair of Republican legislators from the past. One of the most derided pieces of 20th century economic policy was introduced by Senator Reed Smoot of Utah and Representative Willis C. Hawley of Oregon. Signed into law on June 17, 1930, the notorious Smoot-Hawley Act jacked up U.S. tariffs on more than 20,000 imported goods, sparking a global trade war that deepened the Great Depression at home and spread it abroad...

Author: /time Magazine | Title: Detroit Bailout Fueling Trade Tensions with Europe | 12/2/2008 | See Source »

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