No more McRich
ILLUSTRATED: With the real estate meltdown, there is a harsh psychological change for many Americans. Like 9/11 for economic security.
The exurbs are supposedly where young families would form the base of a GOP majority. But from exurban suburbs to downtown condos, a lot of people are losing their homes,... if they can actually find a buyer. People cannot keep with their rising payments, and potential buyers cannot qualify for a loan.
This means that a lot of people are realizing that they are not upper-middle class. And they never were. That's a tough psychological shock, like 9/11 was for physical security.
I don't think the response of Democrats ought to be traditional populist appeals to a sense of helplessness. Instead, we should campaign on economic policies that paint a picture of a path to self actualization. I.e. portable health insurance, lowering the interest rate for educational loans, and lowering the general interest rate by lowering the deficit.
The exurbs are supposedly where young families would form the base of a GOP majority. But from exurban suburbs to downtown condos, a lot of people are losing their homes,... if they can actually find a buyer. People cannot keep with their rising payments, and potential buyers cannot qualify for a loan.
This means that a lot of people are realizing that they are not upper-middle class. And they never were. That's a tough psychological shock, like 9/11 was for physical security.
I don't think the response of Democrats ought to be traditional populist appeals to a sense of helplessness. Instead, we should campaign on economic policies that paint a picture of a path to self actualization. I.e. portable health insurance, lowering the interest rate for educational loans, and lowering the general interest rate by lowering the deficit.
posted by Teka Thomas at 6:49 AM
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