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Michael Moore has one significant thing in his favor that most of his ultra-right/ultra-religious counterparts do not -- a sense of humor, often one that's self-deprecating. (Buchanan, for all his xenophobic tendencies and hateful rhetoric, can be surprisingly self-aware at times; dig up his conversations with Hunter S. Thompson, for example, or his frank admission that the "liberal media" charges are mostly a bunch of hooey.)
Most of Moore's rants have at least a kernel of truth to them, often more than that, and they make for great reading and TV.
As for "is it that bad," depends on the context you're referring to, but the answer is often "yes, it is." Not that America was peaches and sunshine and love and peace while Clinton was President, either, but things have been getting verrrrrrrrry ugly since he left.
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