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A recent poll shows that 85 percent of middle-class Americans believe they're worse off now than they were 10 years ago. Yet shockingly, just 34 percent of those people blame Barack Obama. More Americans blame Congress (62 percent), banks (54 percent), corporations (47 percent), former President George W. Bush (44 percent) and foreign competition (39 percent).
Why the disconnect?
These folks aren't entirely wrong. Congress did nothing about an out-of-control Fannie Mae and Freddie Mac for a decade, and allowed the Federal Reserve to inflate the currency all the while. Banks played along with the regulatory regime in...
The Real Barack Obama