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Tea Party's Rise Gives Business Pause
The Wall Street Journal ^ | SEPTEMBER 17, 2010 | BRODY MULLINS and NAFTALI BENDAVID

Posted on 09/18/2010 7:30:58 AM PDT by KeyLargo

Tea Party's Rise Gives Business Pause

* BUSINESS * SEPTEMBER 17, 2010

By BRODY MULLINS and NAFTALI BENDAVID

Business leaders and lobbyists are increasingly worried that the election of tea party-backed Republican candidates to Congress might threaten their priorities next year, fearing that these candidates' anti-spending fervor and opposition to special tax breaks would jeopardize prized programs.

Business leaders clearly prefer a Republican-controlled Congress to a Democratic one, judging from their statements, endorsements and campaign contributions. They cite low taxes, less regulation and certainty in the business environment as among their top priorities in Washington, and many see Republicans as more responsive on these topics.

And campaign donations from the business community, along with voter anger at Washington's current leadership, are playing an important role in helping Republicans as they try to regain control of the House and Senate in the November elections....

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Constitution/Conservatism; News/Current Events; Politics/Elections
KEYWORDS: apple; business; congress; ipple; lobbyists; republicans
Very good article regarding the Republican business leaders and lobbyists fears of tea party conservatism.
1 posted on 09/18/2010 7:31:01 AM PDT by KeyLargo
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To: KeyLargo

Seems some are worried about ‘welfare reform’ CORPORATE welfare reform to be more specific.


2 posted on 09/18/2010 7:32:04 AM PDT by griswold3 ('Regulation and law without enforcement is no law at all)
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To: KeyLargo

Showing their true colors. They have spent years developing the global new world order. T Power might put a stop to their plans for us.


3 posted on 09/18/2010 7:32:55 AM PDT by screaminsunshine (counter revolutionary)
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To: KeyLargo

That explains a lot, and reveals the ugly underside of the politics today. I, for one, don’t like to see pols & moneymen scratching each others’ backs at my expense.


4 posted on 09/18/2010 7:33:57 AM PDT by P.O.E. (Compact Theory)
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To: KeyLargo

The only “worried” businesses are those that really aren’t businesses but rather clients of the state. Every one of those needs to change or die.


5 posted on 09/18/2010 7:35:51 AM PDT by achilles2000 ("I'll agree to save the whales as long as we can deport the liberals")
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To: KeyLargo

We need to start making the distinction between “businesses” and “corporations”.

Large, national corporations and Wall Street benefit from the current system, because they have the clout to pull strings in Washington to make the system work to their benefit.

Businesses are hurt by the current system, that tilts the playing field towards corporations.

Businesses love the tea party. Corporations don’t.


6 posted on 09/18/2010 7:35:59 AM PDT by Brookhaven (The next step for the Tea Party--The Conservative Hand--is available at Amazon.com)
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To: Brookhaven
Businesses love the tea party. Corporations don’t.

Large corporations and Wall Street are not true capitalists...they practice crony capitalism at the expense of the average American.

7 posted on 09/18/2010 7:39:35 AM PDT by Night Hides Not (If Dick Cheney = Darth Vader, then Joe Biden = Dark Helmet)
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To: KeyLargo

Really good article. I suspect companies like GE and Dow are especially worried about losing their potential ill gotten gains via the green initiatives. The tree of liberty’s watering includes more than just government.


8 posted on 09/18/2010 7:40:29 AM PDT by PDMiller
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To: KeyLargo

[Big] Business leaders, [Karl Rove] and lobbyists are increasingly worried that the election of tea party-backed Republican candidates to Congress might threaten their priorities next year...


9 posted on 09/18/2010 7:40:54 AM PDT by arkady_renko
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To: KeyLargo
It doesn't give independent businesses pause.

It gives the corporate/government-complex businesses pause.

10 posted on 09/18/2010 7:45:15 AM PDT by E. Pluribus Unum ("The only stable state is one in which all men are equal before the law." -- Aristotle)
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To: KeyLargo
They seem to say that Tea Party people are against farms but it really I think they are against fat cat corporate farms that make write off for supper rich and destroy the traditional family farms and farm inheritance. The writer seems to spin what he can against conservatives at a low level in stead of coming out with a flaming attack on the Tea Party.
11 posted on 09/18/2010 7:45:46 AM PDT by mountainlion (concerned conservative.)
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To: arkady_renko

I love the smell of gunpowder in the air.


12 posted on 09/18/2010 7:45:54 AM PDT by LibFreeUSA (Show me what Obama brought that was new and there you will find things only radical and destructive.)
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To: LibFreeUSA

I love the smell of peoplepower in the air.


13 posted on 09/18/2010 7:46:48 AM PDT by LibFreeUSA (Show me what Obama brought that was new and there you will find things only radical and destructive.)
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To: griswold3

14 posted on 09/18/2010 7:46:59 AM PDT by KeyLargo
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To: KeyLargo
jeopardize prized programs

a.k.a., pork
15 posted on 09/18/2010 7:47:31 AM PDT by TomGuy
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To: KeyLargo

The biggest obstacle to business is government interference.

Do away with all (or most) of those taxes, policies, taxes, regulations, taxes and federal requirements and competition will thrive. How many more people would have jobs today if employers weren’t saddled with a ton of government mandates and costs?

The rise of the Tea Party means the return of free enterprise for all, not government-endorsed success for some.


16 posted on 09/18/2010 7:47:45 AM PDT by DNME (With the sound of distant drums ... something wicked this way comes.)
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To: KeyLargo

Chamber of Commerce is 100% open borders.....On this they don’t like the Tea Party candidates. Chamber of Commerce verges on treasonous when it comes to illegal immigration. I have seen their public pronouncements on this.

They are stuck on stupid on this ....Always wanting to bust the US worker at all costs. They love HB1s that make life very difficult for native born software engineers. I have seen Indians that have been here for 10 years complaining about HB1s that kill their wages...even though they started out as an HB1


17 posted on 09/18/2010 7:48:40 AM PDT by dennisw (-He who will not economize will have to agonize----- Confucius)
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To: KeyLargo
Rather than worry about the "Taxed Enough Already" movement, "business," as referred to in this article needs to be worried about the real problems facing America.

While the private sector has been shedding millions of jobs, the problem is that there is one "employer" who hasn't stopped "hiring." And, the sad fact is that whatever dollars are earned by government workers, those dollars first had to be cocercively "taken" from the one group of citizens who produce things, thereby creating wealth--or, they are borrowed or inflated dollars, to be paid by our great-grandchildren's labor, not ours. (There, that's too much for one sentence.)

If you've read the following post on another thread, please ignore. It does, however, relate to the subject of this thread and Jefferson's wisdom and foresight are absolutely spot on!

Today's jobs situation is the result of departure from our constitutional foundations. It has been brought about by the so-called "progressives'" takeover of the reins of government.

As for "job creation,"--just think about it. The most successful "experiment" in job and wealth creation is the one which began in 1776 in America, was protected and "secured" by a written Constitution that severely limited government, and it thrived for over two centuries. It provided an example of more liberty and opportunity, more productivity, and more goods and services than the world ever has seen.

It happened under what James Madison called "the benign influence of a responsible government."

While Europe struggled with oppressive government intervention, the genius Founders of America recognized enduring truths about human nature, the human tendency to abuse power, and the possibilities of liberty for individuals. Richard Frothingham's 1872 "History of the Rise of the Republic of the United States," Page 14, contained the following footnote item on the condition of citizens of France:

"Footnote 1. M. de Champagny (Dublin Review, April, 1868) says of France, 'We were and are unable to go from Paris to Neuilly; or dine more than twenty together; or have in our portmanteau three copies of the same tract; or lend a book to a friend: or put a patch of mortar on our own house, if it stands in the street; or kill a partridge; or plant a tree near the road-side; or take coal out of our own land: or teach three or four children to read, . .. without permission from the civil government.'

Clearly the government of France laid an oppressive regulatory and tax burden on citizens, robbing them of their Creator-endowed liberty and enjoyment thereof. Frothingham observed that such coercive power constituted "a noble form robbed of its lifegiving spirit."

Thomas Jefferson warned Americans:

"To preserve [the] independence [of the people,] we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude. If we run into such debts as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, give the earnings of fifteen of these to the government for their debts and daily expenses, and the sixteenth being insufficient to afford us bread, we must live, as they now do, on oatmeal and potatoes, have no time to think, no means of calling the mismanagers to account, but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers." --Thomas Jefferson to Samuel Kercheval, 1816. ME 15:39

Note Jefferson's very last thought here. He declares that when government taxing and debt have reached certain levels, in order for individuals to survive, then their chosen "employment" becomes "hiring ourselves to rivet their (the government's) chains on the necks of our fellow-sufferers."

Consider: in 2010, where are America's levels of employment highest? Is it in the once-thriving private sector, or in the ever-increasing government sector?

Have we reached that final phase of what Jefferson described as a logical end to what begins as letting "our rulers load us with perpetual debt"--a state where we actually become participants by "hiring ourselves" to make slaves of our fellow citizens?

Where to, America?

18 posted on 09/18/2010 7:49:19 AM PDT by loveliberty2
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To: Brookhaven
Businesses love the tea party. Corporations don’t.

You're exactly right! Businesses give power to the individual - corporations take that power away.

19 posted on 09/18/2010 7:49:41 AM PDT by alicewonders (Supporters of John McCain are supporters of amnesty. Amnesty by any other name is still amnesty.)
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To: KeyLargo

I’m telling you. From Karl Rove going postal to this article. My eyes are wide open. And we’ve been duped. For a long time.

There really is a ruling class and the rest of us.

Naturally they prefer the GOP. But in the big picture these corps could care less. If the Dems are favored they shower the Dems. And hire lawyers and lobbyists to game the system. If the GOP is favored they payoff the GOP.

I am more disgusted today than I have ever been.


20 posted on 09/18/2010 7:49:42 AM PDT by nhwingut (Palin/Bachmann '12)
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To: KeyLargo
Business leaders and lobbyists are increasingly worried that the election of tea party-backed Republican candidates to Congress might threaten their priorities next year, fearing that these candidates' anti-spending fervor and opposition to special tax breaks would jeopardize prized programs.

Here's a YouTube clip of some of them.
21 posted on 09/18/2010 7:52:14 AM PDT by fallujah-nuker (Annoy the RINO's, vote Republican)
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To: PDMiller
"Really good article. I suspect companies like GE and Dow are especially worried about losing their potential ill gotten gains via the green initiatives. The tree of liberty’s watering includes more than just government."
22 posted on 09/18/2010 7:52:35 AM PDT by KeyLargo
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To: KeyLargo

The country club Keynesian’s are upset.


23 posted on 09/18/2010 7:57:13 AM PDT by Palter (If voting made any difference they wouldn't let us do it. ~ Mark Twain)
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To: nhwingut

Many of use have been screaming that for years, and we've got the asbestos underwear singed from the flaming to prove it.

As Glen Beck has said, the Dems and [moderate] GOP are sides of the same coin.

Moderate Republicans are fat and happy with the status quo. They don't mind being the minority one bit, because they still get their share of the pork -- and they don't have to work quite as hard as the majority does.
24 posted on 09/18/2010 7:58:37 AM PDT by TomGuy
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To: nhwingut
I’m telling you. From Karl Rove going postal to this article. My eyes are wide open. And we’ve been duped. For a long time

If you were duped, you had blinders on.

Part of the reason I have always been an independant conservative rather than a Republican is that I watched as the Republicans (not the Democrats) crafted legislation that for practical application purposes subsidised agriculture for big companies like ADM and Monsanto, and gave them leverage to litigate family farms in the 60s and 70s.

25 posted on 09/18/2010 7:58:41 AM PDT by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
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To: achilles2000

“The only “worried” businesses are those that really aren’t businesses but rather clients of the state. Every one of those needs to change or die.”

Exactly!


26 posted on 09/18/2010 7:58:51 AM PDT by kcvl
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To: KeyLargo

This is BS!

What Wall Street is really afraid of is that the ‘Tea Party’ candidates are from the Country Class and can not rationalize corruption like the Ruling Class does. The last thing Wall Street wants are a group of anti-corruption zealots in Washington!


27 posted on 09/18/2010 8:00:27 AM PDT by CoastWatcher
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To: KeyLargo

That’s because now the lobbyists are going to have to try to buy off new politicians, it’s easier to keep the same old ones bought.


28 posted on 09/18/2010 8:03:00 AM PDT by dfwgator (Rangers Magic Number - 8)
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To: MrEdd; nhwingut

And if you really want to set off the Bushbots, just remind them that the bailouts began under GW.

Of course, their retort is about Pelosi's House.

They don't admit that Pelosi wasn't the President, Bush was.
29 posted on 09/18/2010 8:04:14 AM PDT by TomGuy
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To: Brookhaven

Distinctions need to be made between corporations that ‘create value’ and those that ‘capture value’.
Our economy needs to return to a more dynamic, flexible, and competitive environment.
I think a good first step would be for more ‘Free Access’ for businesses. Too many businesses seek legislation to ensure their survival by punishing their competition. We need more businesses NOW.


30 posted on 09/18/2010 8:07:33 AM PDT by griswold3 ('Regulation and law without enforcement is no law at all)
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To: Brookhaven
Businesses love the tea party. Corporations don’t.

Hammer on nail head

I cater strictly to small business and most are way too busy to be informed as I am about politics and the TEA party impact, but I can tell you most are far more optimistic about their future knowing DC is about to be stood on it's head. Tea Party is a big reason for that

31 posted on 09/18/2010 8:08:10 AM PDT by Popman (Obama. First Marxist to turn a five year Marxist plan into a 4 year administration.)
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To: E. Pluribus Unum
It gives the corporate/government-complex businesses pause.

Isn't that the definition of Fascism - government and business in collusion?

If so, my online dictionary is as bad as Wikipedia in that it completely misstates it. Of course, I could be wrong, again.

32 posted on 09/18/2010 8:09:11 AM PDT by Mind-numbed Robot (Not all that needs to be done needs to be done by the government)
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To: Night Hides Not
Large corporations and Wall Street are not true capitalists...they practice crony capitalism at the expense of the average American.

Agreed. Big Business and Big Government are two peas in a pod.

BTW, didn't Bill Clinton say that big business is the evil force behind the Tea Party?

33 posted on 09/18/2010 8:14:13 AM PDT by Moonman62 (Half of all Americans are above average.)
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To: TomGuy
They don't mind being the minority one bit, because they still get their share of the pork -- and they don't have to work quite as hard as the majority does.

They did that for fifty years between Hoover and Reagan.

34 posted on 09/18/2010 8:16:54 AM PDT by Moonman62 (Half of all Americans are above average.)
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To: KeyLargo

Any group that argues for TARP, Wall Street rescues and special breaks for only certain groups has lost me.

Look at the chart with the article on contributions from business PAC’s:

Mike Castle over $1,000,000.00
Christine O’Donnell $0.00

These guys just masquerade under the banner of free enterprise. There’s nothing free about it.


35 posted on 09/18/2010 8:17:54 AM PDT by bereanway
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To: nhwingut

Middle class running as fast as it can

Commentary: Another day older and deeper in debt

Sept. 17, 2010

By Rex Nutting, MarketWatch

WASHINGTON (MarketWatch) —

This recession has strangled the American middle class, but it was in a weakened state long before anyone heard of subprime mortgages.

The great middle of American society has been falling for 30 years or more, a product of vast economic, social and political forces, both foreign and domestic. It won’t be restored with one congressional election, or even a presidential one. Its troubles are much more serious than that.

The Census Bureau reported this week that the inflation-adjusted median household income had fallen 0.7% in 2009 to the lowest level since 1997. The typical household earned just under $50,000 a year. Read more about the increase in poverty last year.

The typical family is making less than it did 10 years ago.

The Great Recession has taken away the small gains made during the 1980s and 1990s and ripped open wounds that were festering for 30, 35, or 40 years. The middle class is more anxious now than at any time in generations. The worries aren’t new; they are just on another level.....

Excerpt

http://www.marketwatch.com/story/story/print?guid=01647C10-C1BB-11DF-BA89-00212804637C


36 posted on 09/18/2010 8:22:56 AM PDT by KeyLargo
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To: TomGuy

For years, Michael Savage has been calling the ruling class;

‘DEMICANS & REPUBLICRATS’

Sadly they are one in the same.

Demicans & Republicrats: Term used to convey the idea that the Republican and Democrat parties are often indistinguishible in position.


37 posted on 09/18/2010 8:29:29 AM PDT by KeyLargo
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To: KeyLargo

Big Business and RINOs ruined the republican party and gave them the brand that was used to usher in Obama.

If we are going to keep playing this game. I won’t be playing because we will end up right where we were in 2006.

No thanks Wall Street Journal.


38 posted on 09/18/2010 8:29:53 AM PDT by dforest
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To: KeyLargo

The less you buy the sooner Obama&Co. are out of business.


39 posted on 09/18/2010 9:13:04 AM PDT by Vaduz
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To: KeyLargo
"Business leaders and lobbyists are increasingly worried that the election of tea party-backed Republican candidates to Congress might threaten their priorities next year, fearing that these candidates' anti-spending fervor and opposition to special tax breaks would jeopardize prized programs."

These are NOT business leaders, they are "rent-seekers". Rent-seekers look to government for financial advancement and not consumers making free choices. ObamaCare's individual mandate to purchase healthcare insurance bought the support of rent-seeking insurance companies into supporting ObamaCare.

Rent-seeking is a hybrid form of fascism, government control over nominally privately-owned business.

We have an insight into what's wrong with the Republican Party. They think in terms of being pro or anti business. That way the politicians gain the power to pick the winners and losers and gain financial rewards of bribery, campaign contributions and later millions in Lobbying.

No Mas!

40 posted on 09/18/2010 9:53:41 AM PDT by Jabba the Nutt (Are they insane, stupid or just evil?)
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To: Brookhaven

Pity we can’t recruit hippies with that philosophy. We might end up getting more people from more walks of life than we anticipate.


41 posted on 09/18/2010 9:54:47 AM PDT by Niuhuru (The Internet is the digital AIDS; adapting and successfully destroying the MSM host.)
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To: Mind-numbed Robot
Isn't that the definition of Fascism - government and business in collusion?

When clinton announced his new and exciting idea of a 'partnership of the public and private sectors', and called it 'The Third Way', I immediately started to inventory my ammo.

This fine fellow originally named his new, progressive political philosophy 'The Third Way'. And for pretty much the same reasons. We are definitely on the right track- the movement is ruffling all the right feathers. Our opponent is actually bigger than most of us ever imagined; the biggest government in human history in collusion with an unimaginably large global corporate empire. This is Codevilla's 'ruling class', and they need to stay in charge somehow. Fascism is as good a name as any for the methods they use to do so.

42 posted on 09/18/2010 10:06:05 AM PDT by Seven plus One
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To: Night Hides Not
"Large corporations and Wall Street are not true capitalists...they practice crony capitalism at the expense of the average American."

And well the Founding Fathers knew it. They had no love for corporations, given the poor track records of the companies that had been chartered to establish and run the original colonies.

43 posted on 09/18/2010 10:34:25 AM PDT by Wonder Warthog
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To: Seven plus One

You are absolutely right. Go here for more information.

http://www.discoverthenetworks.org/groupProfile.asp?grpid=7476


44 posted on 09/18/2010 4:07:27 PM PDT by Mind-numbed Robot (Not all that needs to be done needs to be done by the government)
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To: Seven plus One

He sure looks funny not hanging from a lamppost by a foot.


45 posted on 09/18/2010 5:34:13 PM PDT by Professional Engineer (Conservative States of America has a nice ring to it.)
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To: KeyLargo

EVERY special interest piglet who is drinking the free Federal milk from Sowzilla should be in the crosshairs, business or not. I guess these pundits and lobbyists realize that Tea Party patriots might upend their little moneychanger tables. I love the smell of elitist fear in the morning! (er, evening, er, whatever.)


46 posted on 09/18/2010 7:29:49 PM PDT by backwoods-engineer (There is no "common good" which minimizes or sacrifices the individual. --Walter Scott Hudson)
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