Wildmonk
2008-06-15 07:43:33
I agree with Daniel. While Obama would certainly pull us leftward (and for that reason will not get my vote) I don’t see the kind of structural labor problems arising here. Our primary similarity – the sub-prime mess – is working its way through at this point and should be mostly in the past by the time B.O. makes it to office (if he does).
The *big* question for American voters is whether they will recognize that the sub-prime mess was largely a result of a consciously-chosen strategy of loosening up credit so that previously underserved populations could get credit more easily. There is plenty of blame to go around but the politicians who pushed for easier credit to serve their constituents certainly deserve a good portion of it.
