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On Deficits and Debt, the Voters Get a Say

I wish our Democratic leaders would make their fiscal case as clearly and fearlessly as Michael Grunwald does. To recap: Democrats are in favor of short-term deficit spending because they believe it will stimulate desperately needed growth. And they believe that growth, plus higher taxes (plus the one thing Mike doesn’t mention: inflation) will take [...]

1,000 Words

REUTERS/Jim Young

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In the Arena

A Note on Edwards

I was never a big John Edwards fan. He seemed an “ice skater”–as Mario Cuomo used to say. He skimmed the surface, without ever really exploring or grasping the issues. It seemed that he became a politician because he thought he looked like a politician. But I think his indictment  today is a big waste of [...]

News Flash: Borrowers Who Threaten to Default on Their Debts Are Bad Credit Risks

It’s risky to lend money to a guy who might not be able to pay it back. It’s also risky to lend money to a guy who might decide on a whim not to pay it back. The debt showdown, in which Republicans are threatening to force the Treasury into default unless Democrats agree to [...]

Was John Edwards’s Haircut to Blame?

The just-released indictment of John Edwards reprints the text of a note allegedly sent from the elderly billionaire heiress and Edwards supporter Bunny Mellon to Edwards’ notorious aide, Andrew Young, in May 2007:

Palin’s Midnight Ride

– Sarah Palin’s version of Paul Revere’s famous ride, after she walked part of the Freedom Trail in Boston.

John Edwards Indicted

[Updated below, 11:25 am] As expected, federal prosecutors have lowered the boom on the former North Carolina Senator and 2004 Democratic vice presidential nominee for allegedly using political money to cover up an affair that led to a secret love child. The Associated Press reports: The case of USA v. Johnny Reid Edwards contains six [...]

Ouch

Below is the Friday cover of New Hampshire’s largest paper, the Union Leader. For the story on Mitt Romney’s official announcement that he’s running for President, you have to turn to page A3.

Does Mitt Romney Have a Prayer with Evangelicals?

Bill Clark / Roll Call via Getty Images

When Mitt Romney makes his appearance at Ralph Reed’s Faith & Freedom Conference Friday evening in Washington, he won’t exactly be headed into the lion’s den—but it might seem that way to him. A Pew Research study released on Thursday showed that Romney has the most potential appeal of any candidate in the GOP field [...]

Morning Must Reads: Stall

The economy appears to be in full stall: Just 54,000 jobs were added in May, the unemployment rate rose to 9.1% and data from April and March were revised down. The unemployment rate matters for incumbent presidential reelection efforts, but it’s not as simple as the topline number. Krugman sees two years of inadequacies coming to a head. Obama [...]