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THE FACT THAT STEVE Forbes finds himself on the cover of TIME magazine this week says a little bit about Steve Forbes and a lot about American politics. A dark-horse candidate usually has to win something, or lose by less than expected, before he can hope to insert himself into the national imagination. Forbes is not the first rich man with a Big Idea to try to enter American politics at the top; nor is this the first time the mainstream candidates have courted an electorate so eager to rebuke them. So why is he now in second place in four...

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