so far to the left and spilt the Democratic Party and we gained 47 House seats and picked up a bunch of governorships and Senate seats. Since 1968 you have not elected an overt liberal in 40 years. In ’74 to ’76, we had Watergate and a bad recession and then a Reagan-Ford nomination fight. In that period, only 17 percent of the country identified itself as Republican and yet four years later, Reagan won a smashing victory and Carter collapsed under a bad economy. In ’92, Bush, having thrown away the fiscal conservatives by raising taxes, lost the three-way race and, two years later, we gained the House for the first time in 40 years and kept it. I know how fast the country can switch.”
— Former House Speaker Newt Gingrich, reminding Newsweek’s Eleanor Clift that the nation’s political landscape can change at the drop of a dime
Former Time magazine Washington bureau chief-turneddeputy secretary of state Strobe Talbott, who now heads the Brookings Institution, has written a new conclusion for his soon-tobe-released paperback version of “The Great Experiment: The Story of Ancient Empires, Modern States, and the Quest for a Global Nation.”
Taking readers through the election of Barack Obama, Mr. Talbott is calling on the new president to launch an array of nonproliferation initiatives, starting with one directed to Moscow. (We doubt Secretary of State Hillary Rodham Clinton’s wrongly worded gift presented last week to Russian foreign minister Sergei Lavrov was what Mr. Talbott had in mind.)
Politically speaking, Mr. Talbott also provides his take on Republican Sen. John McCain’s failed bid for the White House:
“On the basis of what I knew — or thought I knew — of McCain, I expected that, once he had feinted right and had the nomination locked up, he would move back to the center and take the high road as a unifier at home and an established statesman abroad. While I could hardly have been more wrong, McCain paid a huge price for proving me so. His divisive strategy in the general-election campaign backfired spectacularly.” curred when then-Sen. Barack Obama and his wife, Michelle, obtained a discounted “super super jumbo” mortgage from Northern Trust Co.
The complaint, filed by Judicial Watch, further claimed that the discounted mortgage rate was a prohibited corporate contribution that was never reported.
In its ruling, the FEC says it “found no reason to believe that the loan was made contrary to applicable law or outside the ordinary course of business, and no reason to believe that it was a prohibited corporate contribution.”
The complaint was filed July 8 after it was reported that the Illinois senator received a home loan of $1.32 million at a rate of 5.625 percent, although the average going rate on that same day was reportedly between 5.93 percent and 6 percent.
In addition, the complaint had charged, unlike what was reportedly available for the public, the special below-market loan was secured without an origination fee or discount points.