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Long past dreams of Beltway comity, Obama is now in a political tight spot, wedged between sky-high unemployment and lingering concerns over government spending and debt. That choice pits the President's left flank against his moderate supporters. Meanwhile, Republicans have found some traction on the economy, for which Americans traditionally blame, for good or ill, the guy who calls 1600 Pennsylvania Avenue home. As soon as Obama finished speaking, his foes pulled out their knives too. South Carolina Senator Jim DeMint called Obama "delusional" and "out of control...

Author: /time Magazine | Title: Recovery Insurance | 12/10/2009 | See Source »

...This new Obama, long past his Panglossian dreams of new Beltway comity, used fighting words because, quite frankly, he is trapped in a political tight spot, wedged between sky-high unemployment and lingering public worries over government spending. Almost 10 months after signing the $787 billion stimulus, the largest such federal program in U.S. history, he announced on Tuesday that the Federal Government needed to spend even more, a prospect that polls poorly, as concern about spending and the budget deficit continue to fester...

Author: /time Magazine | Title: Calling for a New Stimulus, Obama Is Ready to Rumble | 12/9/2009 | See Source »

...mails with representatives of the airline, Wolfe is still unsure why he was charged so much, or how the confused employees arrived at the 66,000 baht figure. He says he has tried in vain to get an explanation or a partial refund on the bag charge. (Read "Sky-High Fees for Overweight Bags...

Author: /time Magazine | Title: Airline Bag Fees: As High as the Cost of a Seat? | 11/24/2009 | See Source »

...look at fuel, not Fords: institute carbon taxes that raise the price of gas. We already know that higher gas prices discourage driving and reduce greenhouse-gas emissions - total vehicle miles traveled in the U.S. declined 3.6% in 2008 compared with the previous year, thanks largely to the sky-high price of gas for much of 2008. (The recession didn't help, but sharp declines in driving began well before the bottom dropped out of the economy.) As gas prices have fallen in 2009, however, driving has begun to tick back...

Author: /time Magazine | Title: Cash for Clunkers: How Big an Environmental Boost? | 8/5/2009 | See Source »

...gallon, he argues, traveling youth-sports teams will decide to stick close to home; at $10, gift cards will be biodegradable and have literal expiration dates; and at $14 per gallon, Wal-Mart will die, garbage trucks will shrink and U.S. manufacturing will be reborn. Steiner contends that sky-high gas prices will force the country to reorganize itself - we'll abandon exurbs in favor of cities and small towns - and drive us to consume less. He talked to TIME about the impending decline of the SUV, what we can learn from China and Spain, and what he has against...

Author: /time Magazine | Title: How the Coming Rise in Gas Prices Will Change the World | 7/15/2009 | See Source »

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