NEW CON­CLU­SIONS

The Washington Times Weekly - - Politics -

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.

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