The Rise Of The Anti-Romney Resistance

The Article: The Anti-Romney Resistance Takes Shapeby Jonathan Chait in New York Magazine.

The Text: The basic tension of the Republican nominating contest is that it has had a very strong desire to oppose Mitt Romney, sitting alongside an almost comically weak slate of candidates who can fulfill that oppositional role. Now, with Rick Perry teetering and Michele Bachmann out, the opposition is down to two: Rick Santorum and Newt Gingrich, two washed-up pols who left office in disgrace or landslide defeat, have no appeal to non-rabid Republicans, and little money or organization.

Still, the sentiment against Romney is strong enough to keep one or both of them going for a while. The anti-Romney resistance is still breathing.

The resistance has a few components. At the periphery, you have Republicans who simply want to make Romney commit himself more deeply and irrevocably to the right-wing agenda. The Wall Street Journal editorial page has tiptoed the line all along, signaling ultimate support for Romney but always keeping the carrot dangling a few inches away. Today’s editorial notes with disappointment that his economic plan is less radical than his rivals’, and concludes that he “would benefit from a good, hard slog.” (Perhaps one involving a lot of santorum.)

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You Must Earn Our Empathy

Empathy by Crystal Castles off of II.

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Growth For Libya After All?

Growth For Libya After All?

After the fall of the Gaddafi regime, Libya’s economy is poised to grow faster in 2012 than any other.

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Why Don’t We Understand Debt?

The Article: Nobody Understands Debt by Paul Krugman in the New York Times.

The Text: In 2011, as in 2010, America was in a technical recovery but continued to suffer from disastrously high unemployment. And through most of 2011, as in 2010, almost all the conversation in Washington was about something else: the allegedly urgent issue of reducing the budget deficit.

This misplaced focus said a lot about our political culture, in particular about how disconnected Congress is from the suffering of ordinary Americans. But it also revealed something else: when people in D.C. talk about deficits and debt, by and large they have no idea what they’re talking about — and the people who talk the most understand the least.

Perhaps most obviously, the economic “experts” on whom much of Congress relies have been repeatedly, utterly wrong about the short-run effects of budget deficits. People who get their economic analysis from the likes of the Heritage Foundation have been waiting ever since President Obama took office for budget deficits to send interest rates soaring. Any day now!

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Summer Sun Says Get Out More

Get Away by Yuck off of Yuck.

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