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Happy Birthday Mr President, your losses don’t matter

By James Crabtree  

Scissors make a nice present

Scissors make a nice present

On 4th November 2008, Barack Obama won the American presidential election. One year on, and voters in Virginia and New Jersey last night elected Republican governors—the latter especially surprising, given the conventional wisdom that the hugely rich Democrat incumbent, John Corzine, had fought a campaign just about expensive and dirty enough to win. But, as I argue in my essay in Prospect this month (now free to read online today, to mark the president’s first birthday), we shouldn’t be distracted by such…

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