Hey TJ,
I hear you about this one being time-consuming, but there's some art to that, too - proving that statement 2 alone is sufficient takes a little bit of time, but it's a worthy investment when it seems too easy that the two statements together will work. That should prompt you to recognize that the GMAT won't likely hand you an "obvious" answer C, and encourage you to spend some extra time.
You can read more about that strategy at our blog, here:
http://blog.veritasprep.com/2010/03/gma ... -c-me.html