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David Brooks

Obama's "A New Foundation" Speech

published by admin on Tue, 04/21/2009 - 10:52

Conservative op-ed columnist David Brooks reviewed Obama's speech:

America once had a responsible economic culture, Obama argued. People used to save their pennies to buy their dream houses. Banks used to lend by “traditional standards.” Fannie Mae and Freddie Mac used to stick to their “traditional mandate.” Companies like A.I.G. used to limit themselves to the “traditional insurance business.”

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