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Next he will sell the Lincoln Memorial (and if quantitative easing continues, investors will line up to buy). Barack U.S. President Obama’s budget calls for a “strategic review” of the Tennessee Valley Authority, the public utility created by Franklin D. Roosevelt to bring electricity to rural communities. A good idea, surely. There is no reason for the Feds to be running power plants today. Divest it and (as the budget says) “help put the nation on a sustainable fiscal path”.

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