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I predict that Emanuel will help Obama achieve something that eluded Bush - competence. The ideological ugliness and dishonesty of the Bush administration was bad, but I don't think those characteristics are what made people come to loathe the Bush administration. The biggest reason, IMHO, for the public's rejection of Bush and Cheney is their incompetence.
Emanuel was a great pick. Brilliant guy. Great feel for the cards. Super high energy.
Obama is off to a good start, IMHO.
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