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Posts Tagged ‘lose’

By all counts, the pre-Election Day polls suggested the 2012 presidential race would be so razor-thin close, it could even be a repeat of the 2000 Bush vs. Gore presidential election, in which the popular vote and the electoral college vote were at odds.

Here’s what appeared to have sealed the deal on the Obama reelection*:

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For all the talk of Wall Street reform and consumer protections the problem of predatory lending has not been eliminated.

Subprime lending continues in the auto financing industry and elsewhere, and unlike conservatives’ criticism of the housing market there are no federal subsidies to finger. Policymakers have, indeed, caused the problem but for reasons other than what many of us have been led to believe. True, Freddie and Fannie Mae advocated for the dream of home ownership even as it floated out of Americans’ reach. However, this reality only begs the obvious but lesser asked question: Why is the American Dream drifting out of reach in the first place? And might the answer to this question reveal that the hollowing-out of the middle class bears a reciprocal relationship to market volatility?

 

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