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Several states have ordered a freeze on foreclosures by Ally Financial's GMAC mortgage unit, which has come under fire in court for using "robo-signers" who signed off on thousands of foreclosures attesting to the accuracy of the documents without having much personal knowledge of what they contained.

In the immediate aftermath of the 2003 invasion, the triumphalist verdict of the mainstream media was that the war had been won; Iraq was assured of a benevolent, democratic future. The Times's writer William Rees-Mogg hymned the victory: "April 9, 2003 was Liberty Day for Iraq … It was achieved by "the engine of global liberation," the United States. "After 24 years of oppression, three wars and three weeks of relentless bombing, Baghdad has emerged from an age of darkness. Yesterday was an historic day of liberation."

Andrew Sullivan's defense of President Obama's claimed power to have American citizens assassinated nicely reveals much of the illogic behind, and many of the dangers inherent in, America's Forever War. Let's examine it point by point.

Welcome to the brave new world of post-bailout capitalism. The Commerce Department announced Tuesday that corporate profits are at their highest level in U.S. history, and the Fed released minutes of an early November meeting in which officials predicted a stagnant economy and continued high unemployment.