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Democrats touting tax cuts

…Cut Nobody Heard of, NY Times, Oct. 18, 2010 (noting that a reporter’s query at a Republican gathering ifound most commenters saying that their taxes had gone up under Obama…

Ratings agencies nailed.

…the mortgages for a low price but didn’t share the data with investors. Both the investment banks and the ratings agencies defend themselves noting vague statements about declining underwriting standards…

Accounting for Scott Sumner

…banks and AIG were OK investments and GSEs weren’t because in one case he includes expected discounted repayments and in the other he decides they are zero. It is worth