Well, before Roger's illuminating remark, I was going to comment on how predictable this thread would become: some bitter comments towards a poet most people here don't appreciate, while A. E. Stallings, who won six times as much for the MacArthur but whose style more closely aligns with Erato's, was congratulated profusely by those same people (and deservedly so, and I like her work), but I didn't know Olds was the previous Chancellor, and that changes things most definitely. Once you are in, you are in, I suppose, whether you are Olds or a detestable mediocrity from Vietnam.
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