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"Think of it this way. If the Democrats lose badly in November � as seems likely, with their current weak and unconvincing narrative about the

about the financial crisis and origins of our mass unemployment � then President Obama�s reelection campaign will be a long struggle to redefine the message, presumably towards finding something he has changed in a major way. In that context, strong attempted action against the power of big banks would appeal to the left, center, and even part of the right. Why wait for defeat in November before making this switch?"

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