The Lame-Duck Economy

iht.com — In 2008, as in 1932, a long era of Republican political dominance came to an end in the face of an economic and financial crisis that, in voters' minds, both discredited the Republican Party's free-market ideology and undermined its claims of competence. There is, however, another and more disturbing parallel between 2008 and 1932 — namely, the emergence of a power vacuum at the height of the crisis.

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