The Old Deal

President Joe Biden arrives to deliver remarks at the IBM facility in Poughkeepsie, New York, on October 6, 2022. (Photo by Mandel Ngan/AFP/Getty Images)

Dear Reader (with a special “aroooo” to the world’s oldest canine),

Okay, who’s been monkeying around with the monkey’s paw?  

Maybe it was some panelist at the Aspen Ideas Festival, or maybe a college freshman got so worked up by the brilliance of his term paper he broke the glass and used one of his three sinister simian wishes, I don’t know. But it sure seems like someone wished to revive bipartisan economic policy, and now we can hear the ominous knocking of a reanimated corpse at the door (don’t blame me if you never read the story, this is a great metaphor). 

A couple weeks ago, National Security Adviser Jake Sullivan gave one of those Very Serious speeches over at the Brookings Institution. The outlines of his case should be very, very familiar if you’ve paid close attention to these debates for at least the last 75 years.

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