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We tend to think of political divisions as left-right, but there are at least a few other important divisions:
1. pundits vs politicians (which is often pundits/public opinion). Left-wing and right-wing pundits will often agree on some issues and so will left-wing and right-wing politicians. Except that politicians will disagree with the pundits.
2. The extremes vs the centre. Look at who is saying do not bailout the banks: the extreme-left and the extreme-free-market right. Which is why you have Garett Jones approvingly quoted J. Stiglizt on banking regulation.
The centre is there, Very Serious People of the left and the right, bailing out the banks. The fringes, of the left and the right, protest. The left-wingers say how this is just an example of what is wrong with capitalism. We, on the right, say how this is just an example of how we are becoming socialist.
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