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Monday, December 22, 2008

News Nuggets 71


A night view from a base camp near Mount Everest

This will be my last post until after the holidays -- I hope everyone has a wonderful Christmas and New Year.  I will probably be posting something before 2009 is upon us but here's wishing everyone the very best!  JD

Now the Real Test for Obama (Fareed Zakaria) from the Washington Post
"Whatever Obama may have thought when he began this journey, at a time when the war in Iraq was foremost in many voters' minds, whatever his campaign promises, his presidency will be judged on how he handles the economic crisis that envelops the United States and the world. For Obama to be remembered as a great president, he has to do nothing less than rescue capitalism."

Life Without Bubbles (Paul Krugman) from the New York Times
"The prosperity of a few years ago, such as it was — profits were terrific, wages not so much — depended on a huge bubble in housing, which replaced an earlier huge bubble in stocks. And since the housing bubble isn’t coming back, the spending that sustained the economy in the pre-crisis years isn’t coming back either."

This was the Year That Was (Larry Sabato) from the UV Center for Politics
"We have reached the end of another election cycle, but this has been no ordinary campaign."

More Losses for Republicans? (Charlie Cook) from National Journal
"Republicans first have to get past the 2010 races that, at first glance, would appear to put the GOP at a disadvantage for a third straight cycle."

"Though Obama is expected to spend considerable time with family and friends, aides say he is still doing transition work while on vacation, including receiving national security briefings each day."

GOP's Dangerous Imbalance from the National Journal
"In both chambers, the GOP caucus is increasingly dominated by members from the country's most conservative regions. And, as the vote to block federal assistance to the beleaguered auto companies demonstrated, those members are likely to steer the party on an ideologically aggressive course in 2009 that makes it tougher for Republicans to recover in swing or Democratic-leaning states where they have lately lost ground."

The Teddy Awards (Joe Klein) from Time Magazine
""The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again ... who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who at the worst, if he fails, at least he fails while daring greatly.""

Republican v Republican (Michael Tomasky) from the Guardina [of London]
"Bush's bail-out of the big three (or two) shows the fissures inside the GOP."

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