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...might not be all bad for the Democrats, who can blame the GOP for inaction without having to put more taxpayer money on the line. "If there's a bankruptcy between now and then, the spin would be that the Republicans let it happen," says Greg Valliere, chief political strategist at the Stanford Financial Group, which tracks government actions for private-sector clients. "This is very frustrating. The economy is rapidly decelerating - this will be a long and deep recession - and the political posturing still dominates...

Author: /time Magazine | Title: Why the Dems' Drive to Aid Detroit Is Stalling Out | 11/18/2008 | See Source »

...typical Fox.com report. "[They] may also be looking to ride Obama's coattails." The President-elect's selection of Chicago Congressman Rahm Emanuel as his chief of staff and Chicago native John Podesta as his transition chief, as well as the news that his Chicago-based campaign senior strategist, David Axelrod, will be a White House adviser, has only fueled grumblings that machine-style patronage politics is on its way to 1600 Pennsylvania Avenue...

Author: /time Magazine | Title: How the Chicago Way Helped Obama | 11/13/2008 | See Source »

...born in 1881 in Thessaloniki, which is now in Greece but was then part of the Ottoman Empire. He became a soldier, and at 22, as a mere captain, he rebelled against the Sultan. The army banished him to faraway posts but couldn't quash him. A brilliant military strategist, he defeated the British at Gallipoli in 1915, and in 1919 he started a war for independence against occupying European allies that resulted in the founding of modern Turkey...

Author: /time Magazine | Title: A Turkish Film Draws Fire for Its Portrait of Atatürk | 11/13/2008 | See Source »

...word: deflation. "Sure, we're very cognizant of it," one source familiar with Fed's thinking on the matter told TIME this week. "We don't think we're there yet, but we're very aware of the possibility." So is Wall Street. At Merrill Lynch, chief investment strategist Richard Bernstein issued a report within hours of Barack Obama's election, listing three developments for investors to monitor closely: fiscal stimulus, taxes and deflation. (See pictures of TIME's Wall Street covers...

Author: /time Magazine | Title: The Rising Threat of Deflation | 11/6/2008 | See Source »

McCain's top aide rejected outright the notion that McCain had been changed by former handlers of President George W. Bush, like Steve Schmidt, the McCain strategist who had worked with Karl Rove in 2004. "This sort of Maureen Dowd nonsense, comic-book theorizing about the Bushies who hijacked McCain - she can never write a serious column," he said of the New York Times columnist. "It's just nonsense. Everybody, everybody felt a personal responsibility to protect McCain's reputation...

Author: /time Magazine | Title: McCain Aide Mark Salter Reflects on the Defeat | 11/5/2008 | See Source »

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