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...McCain, the defeat has clearly been painful. But as he has in past bouts with adversity, the Arizona senator evoked his love of country as the thing that made it all worthwhile. "I would not be an American worthy of the name should I regret a fate that has allowed me the extraordinary privilege of serving this country for a half a century," he said, as the crowd booed. He acknowledged the strain his aspirations had put on his family. "I promise more peaceful years ahead," he said...

Author: /time Magazine | Title: In Defeat, McCain Offers Graceful End to Rough Campaign | 11/5/2008 | See Source »

...Others think differently. "We are going to have a back-to-basics urge, and that is going to be exactly the wrong thing," says David Frum, who works at the American Enterprise Institute, one of several brain trusts of conservative thought. "The Reagan chapter is a finished chapter." To Frum's thinking, the issues that built the Reagan coalition - crime, welfare, taxes and the Cold War - have faded. Better now to draft policies that address the new concerns of the middle class: economic stagnation, environmental protection and health-care reform. "It's pretty hard to go back...

Author: /time Magazine | Title: The GOP Fallout: Cue the Circular Firing Squad | 11/5/2008 | See Source »

...incumbent Joe Schwarz in a primary with help from the anti-tax Club for Growth, then claimed his seat in another reliable GOP district. But in 2008, Schwarz endorsed Walberg's Democratic opponent, Mark Schauer, who portrayed Walberg as an extremist and is now heading to Washington. The same thing may happen on Maryland's Eastern Shore, where Club for Growth conservative Andy Harris successfully primaried moderate Republican incumbent Wayne Gilchrist, who then endorsed Frank Kratovil, the Democrat who appears to be headed for victory. Gilchrist is a national environmental leader, a true maverick and an extremely likable...

Author: /time Magazine | Title: For the Republicans, It Could Have Been Worse | 11/5/2008 | See Source »

...mocked the presumption of Obama's "measuring the drapes," but Obama's preparations for a transition reflected the fact that the rest of the world isn't going to wait until Jan. 20 to find out what he thinks. At a time like this, there's probably no such thing as being overprepared...

Author: /time Magazine | Title: How Obama Rewrote the Book | 11/5/2008 | See Source »

...this," Bullock says. "And to some extent they won't go back to the polls. That's going to be the real first test for Obama, to see whether he can mobilize voters when he is not on the ballot. After all, he will have to do the same thing in 2010 to be sure he can hold onto and expand Democratic seats in the House and Senate. We know there's an Obama effect when he's on the ballot, but when he's not, is it transferable...

Author: /time Magazine | Title: A Rematch for the Georgia Senate: Will Obama Help? | 11/5/2008 | See Source »

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