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Archive for August 6th, 2012

Romney’s Middle East Dreams

Posted in Main Blog (All Posts) on August 6th, 2012 11:08 pm by HL

Romney’s Middle East Dreams
Roger Cohen, New York Times
LONDON — So now we know: Mitt Romney believes the 13 North American colonies caused needless bloodshed by rejecting British authority, declaring independence in 1776 and waging war rather than encouraging King George III to see the error of his imperial ways, go touchy-feely with the upstarts across the Atlantic and grant freedom to the United States of America. For Op-Ed, follow @nytopinion and to hear from the editorial page editor, Andrew Rosenthal, follow @andyrNYT.Roger Cohen The revolution could have been a consensual, bloodless glide to…

Mario Draghi Cannot Save the Euro
Simon Johnson, Bloomberg
European Central Bank President Mario Draghi has been making pronouncements that many have interpreted as positive for the future of the euro.I think his words mean things are going to get ugly.On July 26, Draghi said his institution would do “whatever it takes” to preserve the euro, and reinforced this with a nice turn of phrase: “Believe me, this will be enough.” He followed this up last week with a more official statement that the ECB “may undertake outright open market operations of a size adequate to reach its objective,” signaling that the bank is preparing…

Obama & The Hollow Republic
Yuval Levin, National Review
President Obama must surely wish he could undo the campaign speech he delivered in Roanoke, Va., on July 13. That was where he offered up the view that “if you’ve got a business, you didn’t build that, somebody else made that happen.” It is a line that could haunt him right to November, revealing as it does an unwillingness to credit success and a hostility toward the culture of entrepreneurship. But the remark came in the context of a broader argument that was just as telling on a different point, and no less troubling.After laying out his plans to…