A reader writes:
You asked, "[W:]hy the Democrats are under so much electoral pressure when so many people are doing fine in this economy, indeed enjoying hefty wage increases in an era of very low inflation."
I think the answer is summarized in three words: real estate prices. Even those who are not unemployed, or who don't have stock market investments, have seen the value of their homes plummet by huge amounts in the last two years. For most of us, that's our primary savings and source of...
Published on August 12, 2010 05:39