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Obama’s politically strategic inaction

In 2008, the slogan was “Yes We Can.” For 2011-12, it’s “We Can’t Wait.” What happened in between? Candidate Obama, the vessel into which myriad dreams were poured, met the reality of governance. His near-$1 trillion stimulus begat a stagnant economy with 9 percent unemployment. His attempt at Wall Street reform left in place a still-too-big-to-fail financial system, as vulnerable today as when he came into office.

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