What?
By Far
This is the most disgusting piece of garbage I have ever seen.
Mindblowing disconnect with reality
is all I could think of, after hearing Remnick's defense. Has he ever done politics on Planet Earth, where not every voter has a grad-school degree? For every person who understands what this illustration means, there will be ten who believe what Fox tells them about it.
I wish I could be accused of condescension for saying that, but 39% of American voters believe that Obama attended a madrassa already, with no help from the oh-so-ironic New Yorker. The impressive thing is, he's still winning in spite of that.

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Don Hazen wrote good essay on this difficult cover
at Alternet which is thoughtful and collects some of the reaction of others.