Magazine cover of the week (updated)

Oh my! And yes, this is the real cover.

Update: Here is a link to the article in Newsweek.

Excerpt:

In some respects, he’s more weenie than wimp—socially inept; at times awkwardy ingratiating, at other times mocking those “below” him, but almost always getting the situation a little wrong, and never in a sympathetic way. The evidence resonates across too many years to deny. What kind of teenager beats up on the misfit, sissy kid, pinning him down and violently cutting his hair with a pair of school scissors—the incident from Romney’s youth that The Washington Post famously reported (and Romney famously didn’t really deny) back in May? The behavior extends, through more sedate means, into adulthood. The Salt Lake Olympics remains his greatest triumph, for which he wins deserved praise. But to many of those in the know, Romney placed a heavy asterisk next to his name by attacking the men he replaced on the Olympic Committee, smearing them in his book, even after a court threw out all the corruption charges against them.

And what kind of presidential candidate whines about a few attacks and demands an apology when the going starts to get rough? And tries to sound tough by accusing the president who killed the world’s most-wanted villain of appeasement? That’s what they call overcompensation, and it’s a dead giveaway; it’s the “tell.” This guy is nervous—terrified—about looking weak. And ironically, being terrified of looking weak makes him look weaker still.

Harvey Mansfield, the Harvard political philosopher, is a godhead to conservatives. He wrote a book while Bush was president called Manliness. It was a self-parodic volume, but conservatives loved it. In 2006 an interviewer asked Mansfield his definition of manliness, and he said: “confidence in a situation of risk.”

By this definition, the conservative definition, Romney is a total bust. He’s the most risk-averse major politician to come along in ages. He accepted the job at Bain Capital only after wringing out of Bill Bain a promise that, if the venture failed, Mitt would be welcomed back to Bain & Co.—at his old levels of compensation and seniority—and that the press and public would be fed some happy talk about how it had all gone as intended. And why didn’t he leave Bain in 1999 to go run the Olympics, as he always said he had, but instead take his now-famous “leave of absence”? To have the option of coming back; to minimize the risk. Even his flip-flopping, his taking of positions all over the map, is a form of risk aversion, being all things to all people, able to placate any audience, never stuck out on a limb unable to satisfy.

Political quote of the day

 When Obama took office, the United States was losing around 750,000 jobs a month. The last quarter of 2008 saw an annualized drop in growth approaching 9 percent. This was the most serious downturn since the 1930s, there was a real chance of a systemic collapse of the entire global financial system, and unemployment and debt—lagging indicators—were about to soar even further. No fair person can blame Obama for the wreckage of the next 12 months, as the financial crisis cut a swath through employment. Economies take time to shift course.

But Obama did several things at once: he continued the bank bailout begun by George W. Bush, he initiated a bailout of the auto industry, and he worked to pass a huge stimulus package of $787 billion.

All these decisions deserve scrutiny. And in retrospect, they were far more successful than anyone has yet fully given Obama the credit for. The job collapse bottomed out at the beginning of 2010, as the stimulus took effect. Since then, the U.S. has added 2.4 million jobs. That’s not enough, but it’s far better than what Romney would have you believe, and more than the net jobs created under the entire Bush administration. In 2011 alone, 1.9 million private-sector jobs were created, while a net 280,000 government jobs were lost. Overall government employment has declined 2.6 percent over the past 3 years. (That compares with a drop of 2.2 percent during the early years of the Reagan administration.) To listen to current Republican rhetoric about Obama’s big-government socialist ways, you would imagine that the reverse was true. It isn’t.

– Andrew Sullivan, from his essay in Newsweek. The entire essay is worth a careful read.