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...companies would have to keep moving up and stay up for there to be a reasonable return. The Administration, on the other hand, might like to have the ability to force decisions on the private banking system as it moves through instating its mortgage assistance and financial stimulus packages...

Author: /time Magazine | Title: The Curtain Comes Down on Bank Stress Tests | 5/7/2009 | See Source »

...more articulate figures like Charles Krauthammer. It is this type of one-sided political thought that has contributed to the lack of Republican support in either the House or the Senate for Obama’s proposed budget last month as well as the failure of his $787 billion stimulus package to win a single Republican vote in the House in January. It is clear to Republicans that Obama is not fully committed to bipartisanship quite...

Author: By Peter M. Bozzo | Title: The Permanent Campaign | 5/7/2009 | See Source »

...mail headlined "Good riddance," and Limbaugh urged him to take McCain along. Inside this echo chamber, a center-right nation punished Republicans for abandoning their principles, for enabling Bush's spending sprees, for insufficient conservatism. South Carolina Governor Mark Sanford, who has refused to accept $700 million in stimulus cash for his state despite bitter opposition from his GOP-dominated legislature, argues that Chick-fil-A would never let its franchisees cook their chicken however they want; why should the Republican Party let its elected officials promote Big Government? "We're essentially franchisees, and right now nobody has any clue...

Author: /time Magazine | Title: One Year Ago: The Republicans in Distress | 5/7/2009 | See Source »

...attention, the GOP alternative is not just a p.r. disaster. It's a radical document, making Bush's tax cuts permanent while adding about $3 trillion in new tax cuts skewed toward the rich. It would replace almost all the stimulus - including tax cuts for workers as well as spending on schools, infrastructure and clean energy - with a capital gains-tax holiday for investors. Oh, and it would shrink the budget by replacing Medicare with vouchers, turning Medicaid into block grants, means-testing Social Security and freezing everything else except defense and veterans' spending for five years, putting programs...

Author: /time Magazine | Title: One Year Ago: The Republicans in Distress | 5/7/2009 | See Source »

...target audience. But he also said he wouldn't support any cuts in defense, Social Security, Medicare or Medicaid - which, along with debt payments, would put more than two-thirds of the budget off limits. It's no coincidence that many Republicans who voted against the stimulus have claimed credit for stimulus projects in their district - or that Louisiana Governor Bobby Jindal stopped ridiculing volcano-monitoring programs after a volcano erupted in Alaska. "We can't be the antigovernment party," Snowe says. "That's not what people want...

Author: /time Magazine | Title: One Year Ago: The Republicans in Distress | 5/7/2009 | See Source »

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