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New at Reason: Gene Healy on the Cult of Obama

President Obama's approval ratings are plummeting along with the Dow, and he's just lost his stare-down with House Speaker John Boehner while presiding over a historic downgrade of U.S. credit, writes Gene Healy. Even so, Obamaphiles in the intelligentsia are finding it hard to fall out of love with "the One." From Esquire to Mother Jones, really smart people are proving to be stupidly good at defending a president who doesn't deserve it. 

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