It has always amazed me how tax cuts don't work until they take effect. Mr. Obama's experience with deferred tax rate increases will be the reverse. The economy will collapse in 2011.

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The Southern whites are in many respects a great people. Looked at from a certain point of view they are picturesque. If one will put oneself in a romantic frame of mind one can admire their notions of chivalry and bravery and justice.