Fallows finds what he dubs "the ad of the cycle so far":

CAGW, a descendant of J. Peter Grace's 1980s-era anti-wasteful spending commission, is in principle bipartisan, though in this election its campaign about the menace of "stimulus spending" has an obvious partisan tilt. And if you know anything about the Chinese economy, the actual analytical content here is hilariously wrong. The ad has the Chinese official saying that America collapsed because, in the midst of a recession, it relied on (a) government stimulus spending, (b) big changes in its health care systems, and (c) public intervention in major industries -- all of which of course, have been crucial parts of China's (successful) anti-recession policy.

But never mind! As a work of persuasion and motivation, this commands admiration for its technique. (I'm being serious.)

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