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Obama outlined his plan for $117 billion worth of bank taxes to recoup the costs of bailouts even before Scott Brown's Massachusetts victory gave Republicans the 41st vote they need to filibuster the Senate. The newest proposals - further limits on the size and risk profiles of financial firms, plus bans on commercial banks playing the markets with their own cash or owning hedge funds or private-equity funds - had also been debated internally for months. But no matter what the White House spinners say, the heightened emphasis on taming Wall Street is a direct response to Obama's political...

Author: /time Magazine | Title: Can Obama Profit from a Wall Street Crackdown? | 1/22/2010 | See Source »

...following acts would all be felonies. The Sierra Club runs an ad, within the crucial phase of 60 days before the general election, that exhorts the public to disapprove of a Congressman who favors logging in national forests; the National Rifle Association publishes a book urging the public to vote for the challenger because the incumbent U. S. Senator supports a handgun ban; and the American Civil Liberties Union creates a website telling the public to vote for a presidential candidate in light of that candidate's defense of free speech...

Author: /time Magazine | Title: Is the Campaign-Finance Ruling Good for Democracy? | 1/22/2010 | See Source »

...quick political calculus rather than on what the country needed. The classic example being me heading over to meet with the House Republican caucus to discuss the stimulus and finding out that [House minority leader John] Boehner had already released a statement saying, We're going to vote against the bill before we've even had a chance to exchange ideas...

Author: /time Magazine | Title: Q&A: Obama on His First Year in Office | 1/21/2010 | See Source »

They're going to have to vote yea or nay, aren't they? Right...

Author: /time Magazine | Title: Q&A: Obama on His First Year in Office | 1/21/2010 | See Source »

...surge caught national Democrats napping. But their GOP rivals moved fast in December when they noticed an internal poll that showed Brown closing the gap to only 13 points against Coakley. What really grabbed their attention, however, was something deeper in the data: among those most likely to vote, Brown was only 4 points down. In early January, the National Republican Senatorial Committee quietly dispatched staffers to Massachusetts and shifted $500,000 to the state party - a huge plug of cash that wouldn't show up on its campaign filings until after the election was over. "It was a long...

Author: /time Magazine | Title: Mass Mutiny: How Scott Brown Shook the Political World | 1/21/2010 | See Source »

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