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Then again, even Barack Obama does a lousy impression of himself. When he called Congresswoman Illeana Ros-Lehtinen on Dec. 3, the Florida Republican hung up on the President-elect not once, but twice, apparently believing herself to be the victim of a prank call. (See the top 10 awkward moments...

Author: /time Magazine | Title: Fauxbamas: The Search for a Good Obama Mimic | 12/10/2008 | See Source »

...companies could soon be eligible for billions of dollars more. A bill was proposed in the House of Representatives in late November by Congressman Steve King, a Republican from Iowa, that would extend the tax-carryback rule to five years, which means companies could get their tax payments refunded all the way back to 2003. And the rule would be eligible for losses that occurred in 2008 or 2009. That means a company with a large enough loss, after the proposed rebate, could effectively not pay taxes for seven years. Senator Olympia Snowe, a Republican from Maine, has proposed...

Author: /time Magazine | Title: New Tax Rules: The Hidden Corporate Bailout | 12/10/2008 | See Source »

Ramesh Ponnuru makes many valid points in his analysis of the abject failure of the Republican Party in the 2008 elections [Dec. 1]. Yet I would like to suggest an extremely obvious reason: the abysmal record of the Bush Administration. With George W. Bush gone, Republicans will return, after a period of reflection, as a viable force in the U.S. In the meantime, Barack Obama has a great deal of work to do to repair the damage done by our worst President. Bill Gottdenker, MOUNTAINSIDE...

Author: /time Magazine | Title: What's Next for the GOP | 12/10/2008 | See Source »

...Rangel at this time of economic turmoil. The next in line for the post by seniority is California Congressman Pete Stark, one of the most liberal and hotheaded members of Congress. He has been known to challenge other members of the committee to fight him and once called a Republican colleague a "little wimp" and a "fruitcake." (See the Top 10 unfortunate political one-liners...

Author: /time Magazine | Title: Rangel's Troubles Create a Problem for the Democrats | 12/9/2008 | See Source »

...state's beleaguered budget. But whoever takes Clinton's seat would have to face voters in 2010, to fill out Clinton's term, and again in 2012, for re-election. And Kennedy, who has never run for office, may not be the strongest candidate against a tough Republican challenger. A Caroline Kennedy appointment "is fifty-fifty at best," says political consultant Hank Sheinkopf, a spokesman for state senate Democratic leader Malcolm A. Smith. "She has not run a statewide campaign. She has not run a local campaign. She has not been in combat, which is the state of politics...

Author: /time Magazine | Title: The Other Senate Vacancy: Who Will Replace Hillary? | 12/9/2008 | See Source »

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