As Expected, Obama’s 2014 Budget Includes Chained CPI
Posted: April 5, 2013 | Author: bostonboomer | Filed under: Barack Obama | Tags: Chained CPI, cutting Social Security, Grand Betrayal | 55 CommentsHere we go, folks. The Associated Press (via Business Insider) reports that Obama’s New Budget Will Contain The Infamous ‘Chained CPI.’ The story is based on a anonymous leak from “an administration official.
The proposal attempts to strike a compromise with congressional Republicans on the Fiscal 2014 budget by combining the president’s demand for higher taxes with GOP insistence on reductions in entitlement programs.
The official, who spoke on a condition of anonymity to describe a budget that has yet to be released, said Obama would reduce the federal government deficit by $1.8 trillion over 10 years.
A key feature of the plan Obama is proposing for the federal budget year beginning Oct. 1 is a revised inflation adjustment called “chained CPI.” This new formula would effectively curb annual annual increases in a broad swath of government programs, but would have its biggest impact on Social Security.Obama’s budget proposal also calls for additional tax revenue, including a proposal to place limits on tax-preferred retirement accounts for wealthy taxpayers. Obama has also called for limits on tax deductions by the wealthy, a proposal that could generate about $580 billion in revenue over ten years.
The inflation adjustment would reduce federal spending over 10 years by about $130 billion, according to past White House estimates. Because it also affects how tax brackets are adjusted, it would also generate about $100 in higher taxes and affect even middle income taxpayers.
This is completely unacceptable. We should not have to rely on the stubbornness of right wing opposition to tax increases to save us from our supposedly Democratic President, but that’s the position we’re in right now. Obama has basically just put his 2011 “grand bargain” (already rejected by Boehner), put it down on paper and called it a budget.
Michael Lind at Salon writes that Obama is “making a historic mistake on Social Security.”
President Obama reportedly is unveiling a budget using the chained CPI inflation measure to cheat elderly Americans out of the benefits they were promised. In two previous posts I’ve explained the perversity of the current debate about Social Security. The tax-favored private components of America’s mixed private-public retirement system — programs like employer pensions, 401Ks and IRAs — are inefficient, volatile and subject to manipulation by overcompensated, fee-extracting money managers. In contrast, the Social Security program is simple and efficient, and has low overhead costs. And yet the bipartisan establishment, including many “progressive” Democrats as well as Republicans, wants to cut Social Security — the part that works — and expand tax-favored private savings, the inefficient, unstable and inequitable part.
While cutting Social Security makes no sense at all in terms of economics or public policy, it makes excellent sense in terms of the selfish class interests of the super-rich. They have extracted about half the gains from economic growth in the U.S. in the last half-century and recycle some of their profits to fund politicians, and lobbyists, as well as mercenary propagandists who pose as neutral think tank experts. Social Security’s contribution to the retirement income of the rich is negligible, while the top 20 percent receives around 80 percent of the income from tax-favored private retirement savings accounts like 401Ks. Naturally many of America’s oligarchs want the public discussion to be solely about cutting Social Security benefits for the bottom 80 percent, rather than 401Ks for the top 20 percent. To paraphrase Leona Helmsley, Social Security is for the little people. And if we cannot afford all of our present public-plus-private retirement system … well, as the saying in Tsarist Russia had it, let any shortage be shared among the peasants.
Elite discourse on this subject is radically at odds with public opinion. According to a February 2013 Pew poll, only 10 percent of Americans want to cut Social Security while 41 percent want to increase Social Security benefits. It’s time to change the public conversation about retirement security in America to reflect the beliefs and interests of the struggling many, not the fortunate few. We need to change the subject from cutting Social Security while subsidizing luxury retirements for the elite to cutting retirement subsidies for upper-income groups while expanding Social Security benefits for the majority of American retirees.
Please go read the whole thing and then we all need to bombard the White house with calls and e-mails.
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President Obama Apologizes to Kamala Harris
Posted: April 5, 2013 | Author: bostonboomer | Filed under: Barack Obama | Tags: challenges for working women, Kamala Harris, system of beauty, system of power | 4 CommentsPresident Obama showed some serious class today, and in the process, set a good example for the country. He called California District Attorney Kamala Harris for commenting on her looks in a professional setting. Politico reports:
President Obama called California Attorney General Kamala Harris on Thursday to apologize for his comments about her appearance that have drawn a storm of criticism.
“He called her to apologize for the distraction created by his comments,” White House press secretary Jay Carney said during his briefing Friday, later adding that the president had also “apologized for the remark.”
Obama “did not want in any way to diminish the attorney general’s professional accomplishments and her capabilities,” Carney said. “He fully recognizes the challenges women continue to face in the workplace and that they should not be judged based on appearance.”
Good job, Mr. President!
At The Atlantic, Garrance Franke-Ruta explains Why Obama’s ‘Best-Looking Attorney General’ Comment Was a Gaffe
President Obama’s biggest gaffe yesterday when speaking of California Attorney General Kamala Harris was not in flirtatiously complimenting her as “the best-looking attorney general,” but in introducing an observation from the system of beauty into a forum that was about the system of power.
What’s that, you say? Irin Carmon does a great job in Salon in laying out the bounds of propriety for when it’s appropriate to talk about a woman’s looks as a general matter. But I’ve long felt we lack a solid theoretical underpinning for easily discussing these issues, and why precisely it is that admiring and complimenting women for the beauty they work so hard to maintain–and let’s be clear, nobody looks like Harris at her age (48) without effort and without herself valuing beauty and fitness, which are achievements as much or more than naturally occurring properties–can sometimes be inappropriate.
It seems to me–and I touched on this a bit a 2009 Slate piece–that a simple distinction between the two worlds in which women today operate can help us think about this: They are the system of beauty, and the system of power.
Take a look at the rest–it’s a thoughtful and well-argued piece.
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Thursday Reads: Banks Reopen in Cyprus; An End to “Too Big to Fail” Banks (?); Vagina-Phobia; and Much More
Posted: March 28, 2013 | Author: bostonboomer | Filed under: Barack Obama, morning reads, Republican politics, SCOTUS, U.S. Economy, U.S. Politics, Vagina | Tags: Airline horrors, airport weigh-ins, Breitbart, capital controls, Charles Pierce, Chief Justice John Roberts, Cyprus crisis, DOMA, Joan Walsh, journalistic ethics, marriage equality, Matthew Boyle, Racism, Rep. Steve King, Sasha and Malia Obama, Simon Johnson, Too big to fail banks | 31 CommentsGood Morning!!
The banks have opened in Cyprus with controls on how much depositors can withdraw.
Joe Weisenthal posted updates at his Business Insider blog:
At 6:00 AM ET, banks in Cyprus reopened their doors for the first time since March 16.
Wall Street Journal’s Joe Parkinson reports that only eight people are being allowed in at a time at one Bank of Cyprus branch.
However, the crowds have been orderly.
Everyone is wondering whether there will be a huge run on the banks.
So far? Not yet.
This is likely due to a set of capital controls that have been imposed on the banks. Specifically, Cypriot depositors cannot withdraw more than 300 euros per day from any one bank. Also, checks cannot be cashed.
These controls will be in place for seven days.
See more Twitter updates and photos at the link. International Business Times has some details about the capital controls that are supposed to prevent bank runs. In addition to the withdrawal limit, depositors can’t cash checks unless they come from another country.
In the meantime, non-cash payments or money transfers are banned unless they are related to a number of conditions.
These conditions include commercial transactions, payroll, living expenses and tuition fees.
If commercials transactions are less than €5,000, there are no restrictions, but payments above this amount and up to €200,000 will be subject to a 24-hour decision making process, in order to determine whether the liquidity of the bank would be able to incur such a withdrawal.
Transfers for paying employees will also still be allowed but relevant documents would have to be presented in order to prove the money is being used to pay staff.
Transactions on credit or debit cards are also capped at €5,000 euros per month.
According to the Wall Street Journal, some large depositors seemingly had advance knowledge of what was going to happen in Cyprus and moved their money out of the country weeks before the crisis.
The chairman of the Committee for Institutions in the Cypriot Parliament, Deputy Dimitris Syllouris, said he had submitted a letter to the Central Bank of Cyprus demanding an investigation into account holders who moved large sums of cash out of the country in the weeks ahead of Cyprus’s chaotic bailout talks…
He said he had received information about individuals and businesses moving money out of Cyprus weeks ahead of the bailout deal—a move that wouldn’t be illegal but could imply that some depositors had warning that negotiations for a bailout could, for the first time in the financial crisis that has rattled the euro zone, take a cut out of regular bank deposits.
Asked whether his suspicions focused on one specific group of depositors, he said “politicians, all sorts of people, and bankers themselves are no better.”
That figures…
Outflows from Cyprus were increasing from moderate levels from January until March 15, the officials said. Last week—especially after March 19, when the Cypriot Parliament rejected the first bailout deal that would have imposed a one-time levy on large deposits—the outflows under the central bank’s exemptions went up significantly, they said.
Several hundred million euros, but less than a billion euros, left the country despite the bank closures, according to one official.
At Bloomberg, Clive Crook says Cyprus’ Plan B is Still a Disaster.
The new deal has removed the craziest part of the agreement reached March 16 — the plan to default on deposit insurance. Let’s not dwell any further on that insanity. But the new plan still has features that, seen in any other context, would surely arouse surprise.
For instance, the so-called troika of the European Commission, the European Central Bank and the International Monetary Fund wanted to be sure that the new debt Cyprus is about to take on will be sustainable — meaning, presumably, that Cyprus will be able to repay it. Yet, by writing down high- value deposits, the revised plan will also cause a sudden contraction of the Cypriot banking system, and thus of the whole Cypriot economy, which depends on banking to an unusual degree.
He concludes that,
Bailout fatigue says: “The Cypriots got themselves into this mess, and they should get themselves out. We’ll lend them a bit more, but only if we’re sure they’ll pay us back.” Cyprus didn’t get itself into this mess. It joined the euro system in 2008 with low public debt and a clean bill of health from EU governments (back then, not a word was said about shady Russians). Its banks are in trouble not because they accepted too many overseas deposits but because they bought too many Greek bonds — an investment sanctified by international banking rules (which called such investments riskless) that was destroyed by the EU’s ham-fisted resolution of Greece’s threatened default.
Europe’s sense of “we’re all in this together” seems to have evaporated entirely. Now one has to ask not merely what the euro is for, but what the EU itself is for.
Back in the U.S.A.,
Simon Johnson has an interesting post at the NYT’ “Explaining the Science of Everyday Life” blog: The Debate on Bank Size Is Over.
While bank lobbyists and some commentators are suddenly taken with the idea that an active debate is under way about whether to limit bank size in the United States, they are wrong. The debate is over; the decision to cap the size of the largest banks has been made. All that remains is to work out the details.
To grasp the new reality, think about the Cyprus debacle this month, the Senate budget resolution last week and Ben Bernanke’s revelation that — on too big to fail — “I agree with Elizabeth Warren 100 percent that it’s a real problem.”
Policy is rarely changed by ideas alone and, in isolation, even stunning events can sometimes have surprisingly little effect. What really moves the needle in terms of consensus among policy makers and the broader public opinion is when events combine with a new understanding of how the world works. Thanks to Senator Sherrod Brown, Democrat of Ohio; Senator Warren, Democrat of Massachusetts, and many other people who have worked hard over the last four years, we are ready to understand what finally defeated the argument that bank size does not matter: Cyprus.
I can’t briefly summarize the gist of Johnson’s piece, so if you’re following this story, please read the whole thing. Could he really be right about limits on “to big to fail or prosecute banks.” I sure hope so!
In other news,
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Incestuous Relationships: That’s Our Oligarchy!
Posted: March 26, 2013 | Author: bostonboomer | Filed under: Barack Obama, Foreign Affairs, morning reads, U.S. Politics | Tags: 2008 presidential campaign, Ben Rhodes, Benjamin Netanyahu, CBS, David Rhodes, James M. Rhodes, Jon Favreau, Russ Baker, speechwriters | 43 CommentsOn March 15, The New York Times ran a puff piece on Obama foreign policy adviser and speechwriter Ben Rhodes, by Mark Landler. Landler tells us that not so long ago, Rhodes was “[a]n aspiring writer from Manhattan [with] unfinished novel in a drawer, “Oasis of Love,” about a woman who joins a megachurch in Houston, breaking her boyfriend’s heart,” and that
worked briefly for Mayor Rudolph W. Giuliani’s re-election campaign in 1997, was living a writer’s life in Queens on Sept. 11, 2001, when he watched from the Brooklyn waterfront as the World Trade Center towers collapsed. The trauma of that experience, he said, led him to move to Washington in 2002.
Mr. Rhodes went to work for a Democratic foreign-policy elder, former Representative Lee Hamilton, helping draft the 9/11 Commission report as well as the Iraq Study Group report. That report was a template for the anti-Iraq war positions taken by Barack Obama, then a senator, whose campaign Mr. Rhodes joined as a speechwriter in 2008.
Wow! A Star is born!
Landler writes that Rhodes attends National Security Council meetings and has a powerful influence on Obama’s policies. He credits Rhodes for helping convince Obama to stop supporting Egyptian dictator President Hosni Mubarak and to intervene in Libya, as well as pushing the President to engage with Myanmar. At the moment, Landler says, Rhodes is trying to convince Obama to get more involved in Syria.
Jack Shaafer at Reuters calls the Landler’s story a “beat sweetener.
A beat sweetener, as press-watchers know, is an over-the-top slab of journalistic flattery of a potential source calculated to earn a reporter access or continued access. They’re most frequently composed on the White House beat when a new administration arrives in Washington and every Executive Office job turns over, but they can appear any time a reporter is prepared to demean himself by toadying up to a source in exchange for material.
As a beat sweetener, the Rhodes piece excels on so many levels that I’ll bet the subject’s parents have framed and hung the clipping over the family mantel. Landler portrays Rhodes as a young fella with “old man” wisdom; as possessing a “soft voice” that delivers “strong opinions”; as one whose “influence extends beyond what either his title or speechwriting duties suggest”; and as someone who “cares” to the point of “anguish” but is “very realistic.”
The information content of these testimonials, made by both Landler and his sources, is just about zero.
According to Shafer, the purpose of the “beat sweetener” isn’t just to make Ben Rhodes happy.
Sucking up to Rhodes won’t necessarily earn Landler or other journalists covering the White House an automatic scoop. But beat sweeteners aren’t written with anything so crass in mind as scoops. They’re designed to keep the information conveyor lubricated (“source greaser” is another term for the practice) with journalistic goodwill. As someone who is inside the White House decision loop, Rhodes is a much better friend than an enemy.
Getting back to the NYT puff piece: two-thirds of the way through, Landler mentions offhandedly that that Ben’s older brother David (who is 38) is the president of CBS News, a job he landed in February of 2011.
Landler provides no background on brother David, never mentioning that he previously held influential positions at Bloomberg and Fox News. In fact David is the first top CBS executive who previously worked for Fox News, and he’s the youngest president in CBS history. Shouldn’t this relationship between merit more than a throwaway line in a fawning profile of an influential adviser to the President of the U.S.?
Even Benjamin Netanyahu seemed a bit startled when he was told about it during Obama’s visit to Israel.
During a receiving line on the airport tarmac, Obama and Netanyahu stopped briefly to chat with Obama’s deputy national security, Ben Rhodes.
Obama noted that Rhodes’ brother, David, is president of CBS News.
“Sounds like a very incestuous relationship,” Netanyahu observed, chuckling at the idea of siblings in power roles within the administration and the news media.
“Not if you watch CBS News,” Obama replied.
There’s video of the interaction at Politico. Netanyahu may have been “chuckling,” but I’m not. How many times has Obama appeared on 60 Minutes? Has there ever been a mention of this relationship during those interviews? I haven’t checked, but I don’t recall it happening.
Of course relationships between media powerhouses and influential politicians and their advisers aren’t unusual. Here’s a short piece on this problem at TV Newser. Alex Weprin writes:
Let’s get this out of the way: conflicts of interest are rife in the TV news business.
CBS News president (and former Fox News executive) David Rhodes is the brother of one of President Obama’s advisers Ben Rhodes. NBC News anchor Andrea Mitchell is married to former Fed chairman Alan Greenspan. Bob Schieffer‘s brother Tom Schieffer was President Bush’s Ambassador to Japan.
In other words: potential conflicts happen all the time. The question is when should they be disclosed? Typically subjects with a conflict aren’t allowed to cover anything related to that conflict. If they do, a disclosure is a must….
In Washington, the journalists, the politicians and the lobbyists hobnob at the same parties, and many of them are friends. If everything was disclosed then just about every story from every reporter in DC would end with “I am a friend of a friend of this person” or “I hooked up with this person at 3 AM after the White House Correspondents Dinner.” Obviously that doesn’t happen, but sometimes a story does hit a little too close to home.
But isn’t this also an important reason why we don’t have an independent or serious news media?
Thinking about the incestuous nature of our Washington-New York oligarchy also leads to questions about how a young guy like Ben Rhodes–he’s just 35 now, so he was barely 30 when he began working for Obama in 2008–managed to come so far so fast.
Investigative reporter Russ Baker was stimulated to ask these and other questions after he read the Lindler’s NYT article. He notes that Rhodes appears to have come out of nowhere directly to the halls of power, just as his boss seemingly did. Baker writes:
What’s especially strange about the article is that, for those of us who continue to wonder how a virtual cipher rose so quickly from the Illinois legislature to become the most powerful person in the world, we end up wondering the same thing about an aspiring novelist from New York City who fairly catapults to enormous influence in shaping policy regarding some of the most complex and sensitive matters facing this country….
Though the Times never underlines this, the careful reader comes to realize that Rhodes’s guiding philosophy is as hard to discern as the precise reasons that he has the president’s ear. In 1997, he briefly worked on the re-election campaign of New York City Mayor Rudy Giuliani, a Republican. Shortly after 9/11, the aspiring novelist suddenly decided to do his part for society, moving in 2002 from Queens to Washington, and quickly found himself “helping draft the 9/11 Commission report as well as the Iraq Study Group report.” [….]
We are never even told what kind of education Rhodes got, or where, or whether he has ever been anything beyond an aspiring novelist. There’s no indication of what he did on Giuliani’s campaign (he would only have been about 19 or 20 at the time) or whether his preference for the mayor who presided over the 9/11 response had anything to do with his going to Washington, or miraculously being hired by Democrat Lee Hamilton to explain 9/11 to the public.
From these improbable beginnings, Rhodes is suddenly a speechwriter on Obama’s presidential campaign. How did he come to Obama’s attention? The article doesn’t say. However, it does note that the Iraq Study group report on which Rhodes worked “was a template for the anti-Iraq war positions taken by Barack Obama” as a senator and candidate.
Baker sums up his suspicions as follows:
Once we start asking questions about Benjamin Rhodes, this leads to questions about Obama, about the Times and CBS and journalism in general. And it leads to questions about how much we, the most smugly self-assured people on earth, understand about how anything of significance actually works.
In this case, it’s not unreasonable to wonder whether some particular faction or other might have spotted “talent” and “agreeability” in Rhodes, and helped hasten his rapid ascent to the top.
Baker located answers to some of these questions. From a very stunted Wikipedia entry, Baker learned that Ben Rhodes got his undergraduate degree from Rice University. He pulled together a timeline of the twin careers of Ben and his brother David:
Searching sources other than the Times, we find that David Rhodes was a production assistant at the fledgling Fox News Channel around the same time Benjamin was volunteering for Giuliani—and was the conservative channel’s news desk Assignment Manager when the planes struck the Twin Towers. Highly trusted by Fox’s chairman Roger Ailes, he managed Fox’s coverage of three presidential elections, including the one where his brother was writing Obama’s speeches, was hired by Bloomberg TV right after Obama’s election, and in 2011 was named president of CBS News.
It was Baker’s article that got me started I found Googling for more background on the very successful and powerful Ben Rhodes. In fact I spent much of the day yesterday searching for more background on the very successful and powerful Ben Rhodes. I’ll put that into a second post that I hope to put up later today.
Oh, and I admit I was also inspired by my memory of this photo that I know you’ll also likely recall from early in Obama’s first term. The smiling guy sitting at the table in the back on the right side is Ben Rhodes. After head speechwriter Jon Favreau (on the left of the Hillary cardboard image) posted it on his Facebook page, Dak and I figured out who the other speechwriters in the room were and wrote a little about them.
You can treat this as a regular morning post and put your links in the comments as always. But I do hope some folks will wade through this post and discuss what I think are serious issues about the incestuous relationship between the corporation media and the government.
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Saturday Reads: Daily Caller Caught Red-Handed (?), GOP “Estranged from America,” and Other News
Posted: March 23, 2013 | Author: bostonboomer | Filed under: Barack Obama, morning reads, Republican politics, Social Security, U.S. Politics | Tags: abortion, Chained CPI, David Martosko, Dominican investigation, East Coast meteor, Foster Friess, Income Inequality, North Dakota Stand Up for Women Rally, Politico, Robert Menendez, The Daily Caller, the top 1%, Tucker Carlson, Washington Post | 28 CommentsGood Morning!!
There’s a lot of news out there this morning, so I’ll get right to it.
Well, well, well, isn’t this an interesting headline at the WaPo: Dominican official links Daily Caller to alleged lies about Menendez.
A top Dominican law enforcement official said Friday that a local lawyer has reported being paid by someone claiming to work for the conservative Web site the Daily Caller to find prostitutes who would lie and say they had sex for money with Sen. Robert Menendez (D-N.J.).
The lawyer told Dominican investigators that a foreign man, who identified himself as “Carlos,” had offered him $5,000 to find and pay women in the Caribbean nation willing to make the claims about Menendez, according to Jose Antonio Polanco, district attorney for the La Romana region, where the investigation is being conducted.
The Daily Caller, owned by smirky right winger Tucker Carlson, claims it’s not true. Sure, Tucker.
The videotaped claims of two women, made with their faces obscured, were posted in the fall on the Daily Caller. The site reported that “the two women said they met Menendez around Easter at Casa de Campo, an expensive 7,000-acre resort in the Dominican Republic. . . . They claimed Menendez agreed to pay them $500 for sex acts, but in the end they each received only $100.”
In its statement Friday, the Daily Caller said: “At no point did any money change hands between The Daily Caller and any sources or individuals connected with this investigation, nor did anyone named Carlos travel to the Dominican Republic on behalf of The Daily Caller. As recently as two weeks ago, Figueroa was on record with another news outlet as saying the women he represented were telling the truth about their initial allegations against Senator Menendez.”
There’s quite a bit of wiggle room in that denial. So no one from the Daily Caller actually handed money to anyone, and “Carlos” didn’t travel from the U.S. to the Dominican. Big deal. The arrangements were probably made by phone and the money was giving out through the lawyer.
I don’t know what happened for sure, but I know Tucker Carlson is a sleazy S.O.B. What I didn’t know until today (via Crooks and Liars) is that the Daily Caller got its start-up funds from Foster Friess, the Republican billionaire donor who recommended that women put an aspirin between their knees as contraception. C&L’s Karoli also linked to this Mother Jones article by Kate Sheppard: Controversial Daily Caller Editor Admitted to Posing As Radical Animal Rights Activist.
David Martosko—the outgoing executive editor of the conservative Daily Caller and a prominent defender of the news site’sdisputed claim that Sen. Bob Menendez (D-N.J.) paid two women for sex in the Dominican Republic—admitted in a court document obtained by Mother Jones that he used a fake Facebook profile to pose as a “dope-smoking commie” in order to gather information on animal rights activists. The admission came in a May 2011 depositionMartosko gave under oath as part of a defamation case against him and his former employer, Berman and Company, a PR shop that specializes in combating progressive activists who target corporations.
Before Daily Caller Editor in Chief Tucker Carlson hired him in 2011—a controversial choice given Martosko’s previous arrests and lack of experience in journalism—Martosko spent a decade working for Richard Berman, a longtime PR operative behind a number of industry-backed campaigns. At Berman and Company, Martosko served as the director of research for the Center for Consumer Freedom, a Berman-run nonprofit that opposes new laws on food and beverages. CCF, which is funded by the food and beverage industry, runsHumane Watch, a website that posts derogatory information about the Humane Society of the United States. Martosko was the site’s “founding editor.” CCF also operates Activist Cash, a website that compiles biographical information on groups and individuals that engage in “anti-consumer activism.”
Despite all this circumstantial evidence that the Daily Caller is a fraudulent operation, Politico posted a piece by MacKenzie Weinger supporting Carlson’s operation and implying that the WaPo is trying to defend Democrats rather than simply reporting the results of investigative reporting.
Also from the WaPo, and op-ed by Andrew Kohut of the Pew Research Center — The numbers prove it: The GOP is estranged from America. I actually have a lot of problems with this article–Kohut writes from the point of view of an old-style Republican, which he is. He claims that the Democratic Party has gotten more liberal, when the current Democratic President, Barack Obama has publicly state that his ideology is that of a Rockefeller-type Republican. Here’s an excerpt:
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