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...economy are strong," uttered just before the financial crisis turned dire, may go down as one of the great blunders of presidential-campaign history. "Senator McCain, what economy are you talking about?" Barack Obama exclaimed hours after the words escaped his opponent's mouth. The mocking TV ads soon followed, and as the weeks wore on and financial jitters gave way to near collapse and certain recession, McCain's statement began to evoke unsettling memories of Herbert Hoover, who said similar things in the early 1930s...

Author: /time Magazine | Title: The Economy Really Is Fundamentally Strong | 10/16/2008 | See Source »

...seeking mechanisms to buy up and refinance individual home loans. Last week, Congress began discussing a new $150 billion stimulus plan focused on helping individual households. "I think the focus is shifting," says Gene Sperling, a former economics advisor to President Clinton who now advises Senator Barack Obama. "Pretty soon, I think we are going to see measures that are more targeted toward homeowners than we have seen...

Author: /time Magazine | Title: Homeowners Ask: Hey, Washington, a Little Help? | 10/16/2008 | See Source »

...Soon I was sitting with my limbs sprawled as one man exfoliated the soles of my feet and the second filed my nails and dabbed them with cuticle cream. (The two men, I later found out, were brothers). I had assumed that this whole process would be uncomfortable and would leave...

Author: By Lois E. Beckett, CRIMSON STAFF WRITER | Title: Marx and the Mani-Pedi | 10/15/2008 | See Source »

Resilience helps too; every President will get thrown back against a wall and need to come back stronger. Just ask Bill Clinton. So do steadfastness, persistence, conviction. But as soon as you make the list, it mocks you, for history is a dance of luck and intent, and sometimes they trip each other. Wilson was strong enough to win a war but too stubborn to save the peace. Herbert Hoover was "the Great Humanitarian" who saved Belgium from starvation; under the right circumstances, he could have been a great President. But his temperament undermined his talent; he never understood that...

Author: /time Magazine | Title: The Temperament Factor: Who's Best Suited to the Job? | 10/15/2008 | See Source »

Warner first encountered McCain in 1973 when he was serving as Secretary of the Navy and read the intelligence reports on the young POW. They soon became friends and eventually Senate colleagues on the Armed Services Committee, often working in closed-door sessions where members would not need to moderate their passions for public consumption. "I have not, in all those years, ever witnessed any moment when he wasn't in complete control over what he was saying and doing," says Warner. Several other politicians even suggest that McCain's outbursts are not irrational but calculated for effect, to help...

Author: /time Magazine | Title: The Temperament Factor: Who's Best Suited to the Job? | 10/15/2008 | See Source »

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