Don’t blame China for America’s decline

Two things seem certain in modern presidential campaigns: Candidates will spend more time attacking each other than offering constructive alternatives, and one or both will attack China.In 1992, Bill Clinton accused President George H.W. Bush of coddling Chinese dictators. In 2004, John F. Kerry assailed “Benedict Arnold CEOs,” and by extension their allies in President George W. Bush’s administration, for shipping jobs to China.

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Ryan Budget Plan Sounds Good But Lacks Substance

The addition of Paul Ryan to the Republican ticket for the 2012 presidential election has been hailed by many as a welcome turn in the campaign away from vacuous mudslinging and toward a more substantive debate about pressing issues. Both Democrats and Republicans appear to welcome that debate, at least now. In that sense, Ryan’s nod for vice president is unequivocally a positive and does in fact inject what has been a curiously hollow campaign with a dose of real substance.

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Obama, Romney Tax Returns Unleash Worst Political Instincts

So it would seem that President Obama and his family are experiencing downward mobility. The Obamas released their 2011 tax return today, and showed that they earned $789,674. That is a healthy income and places the president well in the top 1 percent of all earners in the United States. He and Michelle paid $162,000 in federal income tax, at a rate of just over 20 percent. That is less than what the president recently proposed as the minimum rate for the very affluent. In addition, the Obamas donated more than 20 percent of their income to various charities.

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