During the past decade, a critique of neoliberalism has become widespread in the progressive wing of the Democratic Party. During the 1970s, the argument goes, many Democrats espoused the pro-market, antigovernment views long associated with opposition to the New Deal and the modern welfare state. In the name of efficiency, growth and lower prices, the Carter administration deregulated airlines, trucking and other sectors. The Clinton administration espoused free trade and the unfettered flow of capital across national boundaries. In response to the Great Recession, President Obama’s economic advisers focused on the health of giant banks and tolerated a grindingly slow recovery.
The problem, critics allege, is that these policies ignore disadvantaged Americans who do not benefit from broad market-driven policies. Markets, they say, are indifferent to equitable outcomes. The focus on aggregate growth comes at the expense of fairness, which requires benefits and opportunities targeted to marginalized groups. Through regulations and wealth transfers, government must lean against markets to achieve acceptable results.
In this narrative of the past half-century, critics often mark the Clinton administration as the moment when establishment Democrats capitulated to the ideology of the unfettered market. Poor and working-class Americans paid the price, they charge, with lower pay, diminished job security, and the collapse of entire sectors exposed to trade competition.
The historical record tells a different story.
Begin with the economic aggregates. During eight years of the Clinton administration, annual real growth in gross domestic product averaged a robust 3.8% while inflation was restrained, averaging 2.6%. Payrolls increased by 22.9 million—nearly 239,000 a month, the fastest on record for a two-term presidency. (Monthly job growth during the Reagan administration averaged 168,000.) Unemployment fell from 7.3% in January 1993 to 3.8% in April 2000 before rising slightly to 4.2% at the end of President Clinton’s second term. Adjusted for inflation, real median household income rose by 13.9%.
Mr. Clinton inherited a substantial budget deficit. Despite this, one group of administration officials, headed by Labor Secretary Robert Reich, urged him to propose a major stimulus package to accelerate economic growth and reduce unemployment more quickly. He refused, focusing instead on reducing inflation and interest rates to create the conditions for long-term growth. (I worked in the White House at the time but had no role in economic policy.) During the administration, federal spending as a share of GDP fell from 21.2% to 17.5%, and federal debt as a share of GDP fell from 61.4% to 54.9%.
What about the North American Free Trade Agreement, which Mr. Clinton pushed through Congress over the objections of a majority of his own party in the House? Didn’t it eviscerate the manufacturing sector? No doubt the agreement reduced jobs in some areas, but manufacturing jobs increased during Mr. Clinton’s eight years. The collapse occurred during George W. Bush’s administration, when 4.5 million manufacturing jobs disappeared and have never been regained. (Manufacturing employment in April 2022 is about where it was when Mr. Bush left office 13 years ago.)
What about the poor? The poverty rate declined during the Clinton administration by nearly one quarter, from 15.1% to 11.3%, near its historic low. And it declined even faster among minorities—by 8.1 percentage points for Hispanics and 10.9 points for blacks.
What about the distribution of gains from economic growth? Income gains for working-class households equaled the national average, and gains for the working poor rose even faster. White households gained an average of 13.9%, but minorities gained even more: 22.0% for Hispanics and 31.5% for blacks.
In sum, during the heyday of neoliberalism, Americans weren’t forced to choose between high growth and low inflation or between aggregate growth and fairness for the poor, working class and minorities. This helps explain why Mr. Clinton’s job approval stood at 65% when he left office.
We can’t go back to the 1990s, but there are lessons from the past. Deregulation can go too far, but so can regulation. The market doesn’t automatically produce acceptable results for society, but neither does government. In these and other respects, policy makers need to find a reasonable balance, the location of which depends on ever-changing circumstances. No algorithm can substitute for good judgment guided by study and common sense.
In our effort to respond to the pandemic generously and humanely, we lost our balance. We have learned the hard way that demand doesn’t automatically create its own supply and that bad things happen when too much money chases too few goods. As we struggle to regain equilibrium, the critics of neoliberalism have much to learn from an administration whose economic performance will be hard to beat.
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No comments on William Jefferson Reagan
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Today in 1975, David Bowie found “Fame”:
Today in 1978, the UN named Kansas ambassadors of goodwill:
Two birthdays today are from the same group: Drummer Bobby Harrison was born two years before bassist Dave Knights of Procol Harum:
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The Supreme Court ruling that came down on Friday overturning Roe v. Wade is essentially the same opinion as the draft that was leaked in early May; Justice Samuel Alito’s responses to the other justices’ concurrences and dissents are basically the only changes. One thing of note is that, while the vote to uphold the Mississippi law that precipitated the case (and which banned abortion after 15 weeks of pregnancy) was 6-3, the vote to strike down Roe altogether was 5-4: Chief Justice John Roberts was alone in voting to uphold the Mississippi law while retaining the Roe principle of a constitutional right to abortion.
As I laid out in a Bulwark essay last month, I am a moderate pro-choicer—that is, one who is fine with some restrictions on abortion, particularly later in the pregnancy. I believe that both female bodily autonomy and the value of fetal life in the womb, especially in the later stages of pregnancy, are principles worthy of respect.
Pro-choicers are wrong to depict pro-lifers as misogynists or subservient “handmaids”; pro-lifers are wrong to depict pro-choice Americans as libertines who hate babies. Pro-lifers often make little effort to understand why an unwanted pregnancy can feel like an intolerable imposition on one’s liberty even if one is fine with giving the child away for adoption after birth. And pro-choicers often make little effort to understand why pro-lifers find it appallingly hypocritical that the value of fetal life—right down to whether one calls it a “baby” or a ”fetus”—is determined solely by whether it is “wanted” or not.
All of which is to say that I would have much preferred if Roberts had been able to peel either Gorsuch or Kavanaugh off the conservative majority. And even leaving aside the welfare of women, I think the country would have been much better off without (another) political firestorm.
So what comes next? On Friday, The Bulwark ran a fine piece by AEI’s Brent Orrell on what pro-lifers should do post-Roe to promote a genuine “culture of life” in America and support women, families, and children. I would also urge pro-lifers, as they think about how to follow up on this long-desired policy victory, to keep two important limiting principles in mind.
First, Republicans and conservatives must remain serious about their commitment to federalism. That means not seeking to impose a national law in Congress restricting abortion, but leaving abortion laws up to the states. It also means not attempting to ban out-of-state travel for the purposes of getting an abortion. Such bans, as Justice Brett Kavanaugh indicated in his concurrent opinion, would be an unconstitutional infringement on the freedom of interstate travel. Both abortion-rights states and private charities can pitch in to ensure that low-income women have access to such travel.
Second, officials in states that institute a near-total ban even on first-trimester abortion procedures may be tempted also to ban the use of the “abortion pill,” mifepristone (RU-486). They should resist the temptation. Not only would enacting such a ban invite a new fight with the federal government (“States may not ban Mifepristone based on disagreement with the FDA’s expert judgment about its safety and efficacy,” said Attorney General Merrick Garland on Friday) but implementing it would be very difficult, since its enforcement would likely involve an aggressive campaign to stop or track the mail delivery. In practice, a ban on abortion pills would require a Communist Romania-level police state.
And what about the other side? Although some pro-choicers have been calling for Congress to codify Roe nationwide, it seems unlikely that Democrats have the votes to do so. Besides, a national law protecting abortion would still leave abortion rights at the mercy of political shifts (what one Congress can do today, another Congress can undo tomorrow) and even open the door to a push for a national abortion ban.
Instead, as pro-choicers increasingly turn their attention to fighting against abortion restrictions at the state level, I want to make one very short-term, one long-term, and one very long-term suggestion for pro-choicers.
In the short term, pro-choicers should focus on assistance to women in states with “trigger laws”—abortion-restrictive laws already in place, just waiting the overturning of Roe to be activated—who are suddenly having to deal with clinics closing and abortion appointments canceled.
In the longer term, pro-choice activists should grapple with the question of whether to expend massive political capital by trying to restore some semblance of the Roe status quo nationwide or to settle for a compromise: for instance, to live with abortion restrictions in some states as long as (1) they do not have time horizons that are too short (would the 15-week ban in some states be more acceptable than the 6-week ban in Ohio?); (2) they include reasonable exceptions permitting abortions when the life of the mother is endangered and in cases of rape and incest; (3) they do not interfere with interstate travel; and (4) they do not involve intrusive policing of abortion-pill use.
In the still longer term, the pro-choice camp must get much more aggressive about promoting (and facilitating access to) birth control. Lack of such access is one of the reasons abortion rates are much higher among black and Hispanic women than among white women. It’s all very well to talk about systemic inequities, but more outreach to make sure that low-income women not only have options for free or low-cost birth control but also know about those options is absolutely essential.
Those who think that the Roe v. Wade reaction is going to swing the midterm elections are mistaken. Whatever people feel about abortion rights, they are not on most people’s short list of political priorities, and those who think abortion rights are one of their most important issues already vote Democrat. This election will be decided by what more often than not decides national elections — how people feel about the economy (as Jimmy Carter and George H.W. Bush can tell you).
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Tim Nerenz:
Very few Americans understand the magnitude of the energy transition that politicians and activists demand, largely because the demanders have no clue and no curiosity when it comes to feasibility and practical limitations of their goals.
$10 trillion has been invested in renewable energy generation (solar, wind, biofuel) since 1990 and it has displaced 3% of fossil fuel dependence in the global energy mix.
Another $333 trillion would do the trick, but with world GDP of $85 trillion and energy investments (all sources) at $2 trillion per year, utopia is a more than a century away, best case.
The first doomsday prediction of man-made global warming catastrophe appeared in newspapers in 1924, with a dire warning of extinction within 40 years if something was not urgently done.
New extinction dates, tipping points, and points of no return have come and gone as each international conference, committee, commission, panel, and accord yields to the next one and the planet stubbornly refuses to comply.
Climate science is not “settled”; it has never been settled and never will be settled. There are more pieces missing in the puzzle than pieces which have been fitted.
To acknowledge this does not make us science deniers, it makes us science rememberers:
Dec 1973 – 20 years to ice age catastrophe, U.S. population will drop to 22 million by 2000.
May 1982 – final extinction in 20 years (UNEP Mostafa Tolba)
July 1989 – ten years to tipping point (UNEP Noel Brown)
May 1995 – twenty years to tipping point (Irish PM Robinson)
Jan 2006 – ten years to save the planet (Al Gore)
June 2007 – five years to tipping point (UN IPCC chief Pauchhari)
Jan 2009 – four years to save the world (NASA James Hansen)
July 2009 – eight years to save the world (Prince Charles)
Oct 2009 – 50 days to save the world (UK P.M. Gordon Brown)
Nov 2009 – ten years to tipping point (UK Telegraph)
n.d. 2009 – five years to save the world (AUS chief scientist)
Feb 2012 – four years to save the world (UN Foundation Wirth)
Sept 2012 – 100 million will die by 2030 (Reuters)
Jan 2013 – Greta Thunberg is born
April 2014 – 15 years to take action (Boston Globe)
May 2014 – 500 days to save the world (French FM Fabius)
n.d. 2019 – point of no return 2030 (AOC’s GND)
June 2022 – “less than a decade” to avoid catastrophe (UPenn Prof. Mann).Nuclear power and carbon capture technologies offer the most promising solutions to the problem of AGW, but the former is off limits and the latter’s R&D is woefully underfunded.
The Climate Lobby depends on a renewable resource of young and impressionables to replace the rememberers as we gain perspective over the years and dire predictions fail to materialize.
Climate alarmists warned that food shortages and starvation could come by the end of this century; the war in Ukraine and Western sanction response have cut in the front of the line. South Sudan is in crisis this summer – the canary in the coal mine.
There are many problems in the world, and AGW is one of them, but is not the most urgent.
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For some reason, the Beatles’ “Sie Liebt Dich” got only to number 97 on the German charts:
The English translation did much better, yeah, yeah, yeah:
Today in 1968, Elvis Presley started taping his comeback special:
Today in 1989, The Who performed its rock opera “Tommy” at Radio City Music Hall in New York, their first complete performance of “Tommy” since 1972:
This would have never happened in the People’s Republic of Madison, but … in Milwaukee today in 1993, Don Henley dedicated “It’s Not Easy Being Green” to President Bill Clinton … and got booed.
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My German side should appreciate this: Today in 1870, Richard Wagner premiered “Die Valkyrie”:
Today in 1964, the Beatles released their album “A Hard Day’s Night”:
Today in 1975, Sonny and Cher decided they didn’t got you (that is, them) babe anymore — they divorced, which meant it was no longer true that …
(Interestingly, at least to me: Sonny and Cher revived their CBS-TV show after their divorce. Also, Cher did a touching eulogy at Sonny Bono’s funeral.)
Today in 1990, eight Kansas and Oklahoma radio stations decided to boycott singer KD Lang because she didn’t have a constant craving for meat, to the point she did an anti-meat ad:
Birthdays start with Billy Davis Jr. of the Fifth Dimension:
Jean Knight, who was dismissive of …
Rindy Ross, the B-minor-favoring singer of Quarterflash:
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The Wall Street Journal on Thursday:
The Supreme Court’s 6-3 ruling Thursday on gun rights boils down to this: The Second Amendment doesn’t disappear when you walk out your front door. Stated that way, it sounds obvious, but many appeals judges have disagreed. For a frustrating decade, the Supreme Court was too gun-shy to set them straight, but Justice Clarence Thomas’s majority opinion was worth the wait.
New York State Rifle and Pistol Association v. Bruen challenged the Empire State’s regulations on carrying a firearm in public. Open carry in New York is banned. With certain exceptions, such as for judges, getting a permit to carry a handgun that’s concealed requires demonstrating “proper cause.” That has been interpreted to mean “a special need” for self-defense, beyond that of “the general community or of persons engaged in the same profession.”
In other words, shopkeepers who must carry cash through high-crime neighborhoods are out of luck. But as Justice Thomas points out, the Constitution protects a right not only to “keep” but also to “bear” arms. “Most gun owners do not wear a holstered pistol at their hip in their bedroom or while sitting at the dinner table,” he writes. “To confine the right to ‘bear’ arms to the home would nullify half of the Second Amendment’s operative protections.”
This does not mean urban America will soon resemble the Wild West. Forty-three states, Justice Thomas says, already have “shall issue” regimes, meaning carry permits are available to everyone who meets objective criteria. That process can be rigorous and might include fingerprinting, firearms training, background checks, and so forth. A concurring opinion by Justice Brett Kavanaugh, joined by Chief Justice John Roberts, stresses that the Court is not calling such rules into question.
What’s unconstitutional is that six states—New York, New Jersey, Maryland, Massachusetts, California and Hawaii—offer residents no clear path to carry a gun to defend themselves. As Justice Thomas says: “The Second and Fourteenth Amendments protect an individual’s right to carry a handgun for self-defense outside the home.” Those states can still regulate carry permits, but they can’t deny such permits to law-abiding citizens.
This is a landmark holding. In Heller (2008) the Court recognized the Second Amendment as an individual right. Then for a decade it stood by as appeals courts upheld gun restrictions that eroded Heller. Lower-court judges, Justice Thomas says, err when they try to balance state interests in gun laws against the burden on the Second Amendment. This forces judges to make empirical judgments, and he says it’s “inconsistent with Heller’s historical approach and its rejection of means-end scrutiny.”
To uphold a gun restriction, Justice Thomas says, the government must show that it is “consistent with the Nation’s historical tradition of firearm regulation.” He then surveys the history of gun limitations before and after the Founding. “None of these historical limitations on the right to bear arms approach New York’s proper-cause requirement,” Justice Thomas concludes, “because none operated to prevent law-abiding citizens with ordinary self-defense needs from carrying arms in public for that purpose.”
He acknowledges a few counterexamples but says the weight of the evidence is against New York. This is the right originalist analysis: What did the Second Amendment mean to the people who passed it?
This rejection of a balancing test for regulations that trespass on the “core” of a constitutional right ought to discipline lower-court judges. And it has implications for other rights, not least campaign-finance restrictions that run afoul of the First Amendment.
The Wall Street Journal Friday:
Can America still settle its political conflicts democratically, and peacefully? We’re about to find out after the Supreme Court Friday overturned Roe v. Wade and returned the profound moral issue of abortion to the states and democratic assent, where it has always belonged.
Critics say the Court’s 6-3 decision in Dobbs v. Jackson Women’s Health Organization is rule by unelected judges. But Roe was the real “exercise of raw judicial power,” as Justice Byron White put it in dissent in 1973. That’s when seven Justices claimed to find a constitutional right to abortion that is nowhere mentioned in the Constitution and had no history in American common law. The Court on Friday finally corrected its mistake, which has damaged the legitimacy of the Court and inflamed our politics for 49 years.
The Justices in the majority deserve credit for sticking with their convictions despite the leak of Justice Samuel Alito’s opinion in May. The leak was probably intended to create a furor to pressure the Justices to change their mind, and it has led to protests in front of their homes and even an apparent assassination attempt against Justice Brett Kavanaugh. By holding firm, they showed the Court can’t be intimidated.
Justice Alito’s majority opinion hews closely to his draft, and it is a careful, thoughtful survey of abortion law and its history in the constitutional order. His opinion takes apart, brick by logical brick, the reasoning of Roe and Planned Parenthood v. Casey, the other main abortion precedent the Court overrules in Dobbs.
The central point, underscored by Justice Kavanaugh in his concurrence, is that abortion can be found nowhere in the Constitution. The parchment is neutral on the issue. The supporters of an abortion right claim to have found it in the due process clause of the 14th Amendment, which was ratified in 1868. But until the latter part of the 20th century, the idea of a right to abortion could be found nowhere in American law. No state constitutions included it, and until shortly before Roe no court had recognized such a right. Justice Harry Blackmun ignored that history and invented the right in Roe.
Casey entrenched Roe in 1992, yet it did so without considering that history, while asserting that abortion was part of a gauzy right to privacy that includes “intimate and personal choices.” The three controlling Justices in Casey sought to balance that right against the “potential life” of a baby in the womb.
But their judgment of how to strike that balance supplanted the moral choices of millions of Americans. “Our Nation’s historical understanding of ordered liberty does not prevent the people’s elected representatives from deciding how abortion should be regulated,” writes Justice Alito.
The three dissenting Justices claim the majority has steamrolled the doctrine of stare decisis, or respect for precedent. But Justice Alito’s opinion deals step by step with the Court’s traditional stare decisis analysis, and his most telling point is that Roe and Casey haven’t come close to settling the issue.
The controlling Justices in Casey went so far as to make an essentially political plea that Americans let their ruling settle the abortion issue. It was a futile attempt to end debate on a question that touches people at their deepest moral convictions. Abortion continues to roil American politics, and states continue to pass laws challenging the logic of both opinions. When a ruling is still controversial and unworkable after five decades, that is compelling evidence it was wrongly decided.
Chief Justice John Roberts writes in a concurrence that the Court did not have to overturn Roe to uphold Mississippi’s ban on abortion after 15 weeks in this case. He says this would have been more judicially modest and less jolting to the public.
We agree on his point about upholding the Mississippi law, but such a halfway ruling would only have been a legal holding action. More states would have written more laws that would have challenged Roe and Casey, and sooner or later the Court would have had to overrule both or uphold some remnant of them as settled law. Better to take this opportunity to return the issue to the states sooner rather than later.
The political left is making much of Justice Clarence Thomas’s argument in a concurrence that the Court should revisit all of its precedents that are based on the use of substantive due process to find rights in the Constitution. That includes precedents on contraception and gay marriage.
Substantive due process is a long-time preoccupation of Justice Thomas, and we respect him for it. But the doctrine is also deeply embedded in countless Court precedents that have far better stare decisis claims than does Roe. Overturning the Obergefell ruling on gay marriage, for example, would jeopardize hundreds of thousands of legal marriage contracts. That’s the definition of a reliance-interest justification for upholding a precedent. Justice Thomas also acknowledges in his concurrence that abortion is different from these cases, and note that no other Justice joined his opinion.
Which brings us back to the politics of abortion and democracy. The debate will now shift from courts to the political branches, which should be healthy for the judiciary. Democrats made clear on Friday that they will make abortion rights a major campaign theme in the midterm elections, and President Biden declared that “this is not over.”
Fair enough. Both sides of the abortion debate will now have to achieve their policy goal the old-fashioned way—through persuasion, not judicial fiat. Some in the pro-life movement want Congress to ban abortion nationwide. But that will strike many Americans as hypocritical after decades of Republican claims that repealing Roe would return the issue to the states.
A national ban may also be an unconstitutional intrusion on state police powers and federalism. Imposing the abortion values of Mississippi or Texas on all 50 states could prove to be as unpopular as New York or California trying to do the same for abortion rights.
One tragedy of Roe is that it pre-empted an abortion debate that was moving in the states a half century ago. That debate can now resume. Some states will ban it in most cases, while others like California may seek to pay for the abortions of women from other states.
It will take awhile, and more than one election, but we hope that eventually the public through its legislators will find a tolerable consensus, if not exactly common ground. That’s the best we can ask for in our imperfect republic, if we can keep it.
James Freeman chronicles the more hysterical reaction:
In their more candid moments even leftist luminaries like the late Justice Ruth Bader Ginsburg admitted significant flaws in Roe v. Wade. But now that the Supreme Court has returned the contentious issue of abortion to the people and their elected representatives, Roe’s flaws don’t make it any easier for some activists to accept that each state will now be free to set its own policies.
It’s understandable to be deeply disappointed and even sad when your side loses an important case, What is not unacceptable is for the attorney general of the United States to forget his duty to enforce the law and instead to express publicly his contempt for it. The Supreme Court has ruled today and Merrick Garland has issued a press release in opposition to the ruling as if he is a political candidate running a campaign against the justices. In a release from the Department of Justice Mr. Garland states:
“Today, the Supreme Court overturned Roe v. Wade and Planned Parenthood v. Casey and held that the right to abortion is no longer protected by the Constitution.
“The Supreme Court has eliminated an established right that has been an essential component of women’s liberty for half a century – a right that has safeguarded women’s ability to participate fully and equally in society. And in renouncing this fundamental right, which it had repeatedly recognized and reaffirmed, the Court has upended the doctrine of stare decisis, a key pillar of the rule of law.
“The Justice Department strongly disagrees with the Court’s decision. This decision deals a devastating blow to reproductive freedom in the United States. It will have an immediate and irreversible impact on the lives of people across the country. And it will be greatly disproportionate in its effect – with the greatest burdens felt by people of color and those of limited financial means.
One can make substantive arguments against the attorney general’s various claims but even if one shares his politics, issuing such screeds and seeking to undermine the authority of the court should be anathema to any responsible law-enforcement officer.
It’s critical that Mr. Garland regains his composure and focuses on his job. As Kyle Mann of the satirical website Babylon Bee notes with graveyard humor, there could be a violent reaction to today’s ruling from extremists:
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There seems to be a blue theme today, starting with the first birthday, Harold Melvin, who had Blue Notes:
Carly Simon:
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People wondering who’s really in charge at the White House may be reassured to know that the emerging economic policy appears to be the work of a career politician.
In the Washington Post Tyler Pager, Jeff Stein, Tony Romm and Cleve Wootson report:
President Biden appealed to Congress on Wednesday to suspend the federal gas tax, saying it was critical to reduce the pain Americans are feeling at the pump. “I promise you I’m doing everything possible to bring the price of energy down,” Biden said, as images of oil pumps and gas stations flickered on the wall behind him.
But the notion of a gas tax holiday was met with instant criticism — not only from members of both parties on Capitol Hill, but even from many officials within the administration who said privately that it would probably do little to significantly lower gas prices.
Top Treasury Department officials expressed doubts about the gas tax holiday, and at least two top White House economists also privately conveyed reservations, according to two people familiar with the internal deliberations who spoke on the condition of anonymity to disclose sensitive conversations.
No doubt White House economists familiar with the concepts of supply, demand and incentives are also not entirely on board with the president’s decision to blame high gas prices on each industry in the supply chain. Having previously aimed his rhetoric at oil producers and refiners, the president is now blustering his way down the distribution channel. In the Eisenhower Executive Office Building on Wednesday Mr. Biden said:
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Proving that there is no accounting for taste, I present the number six song today in 1972:
Twenty years later, Billy Joel got an honorary diploma … from Hicksville High School in New York (where he attended but was one English credit short of graduating due to oversleeping the day of the final):