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It was a defining question of the campaign - and of late 20th century American politics. It was also pretty easy to answer. The "misery index," a then popular measure that added the unemployment rate to the inflation rate, had skyrocketed during Carter's tenure. Taxes had risen sharply. There were...

Author: /time Magazine | Title: The New President's Economy Problem | 5/15/2008 | See Source »

In the seminal PBS series Free to Choose, which aired in 1980 and may have helped set the mood for Reagan's victory, economist Milton Friedman argued that economic freedom was just as important as all those freedoms written into the Bill of Rights. This went on to become perhaps...

Author: /time Magazine | Title: The New President's Economy Problem | 5/15/2008 | See Source »

Raising the flag on mount suribachi was a sign of victory for our military in a hard-fought battle. Our country lost more than 400,000 soldiers in WW II. If global warming ever causes that many deaths, then you can start Photoshopping pictures. Meredith Lea, Bloomington, Ill., U.S.

Author: /time Magazine | Title: Inbox | 5/15/2008 | See Source »

Hizballah's victory was hardly a surprise. Its Shi'ite militiamen, who number in the thousands and are armed by Syria and Iran, have survived battle with the mighty Israeli army, while the supporters of Prime Minister Fouad Siniora's government are poorly armed amateurs on neighborhood patrol. Neither the...

Author: /time Magazine | Title: Welcome to Hizballahstan | 5/15/2008 | See Source »

Obama's strategy for the general election is to hammer the idea that John McCain will continue Bush's policies at home and abroad. He made the argument most recently in his victory speech after his win in North Carolina, when he said, "We can't afford to give John...

Author: /time Magazine | Title: Behind the Bush-Obama Smackfest | 5/15/2008 | See Source »

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