Word: control
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...hundreds of thousands of Americans facing foreclosure. Freddie Mac and Fannie Mae, which between them hold about 20% of delinquent U.S. mortgages, announced Nov. 11 that some customers will see their monthly payments adjusted to no more than 38% of their gross income. The companies, now under government control, plan to reduce interest rates and give borrowers more time to pay off their mortgages. Citigroup, JPMorgan Chase and Bank of America are modifying loans to slow or stop foreclosures...
...They have gotten better, in my opinion, every year,” Delaney-Smith says of her prized once-recruits. “We were deeply disappointed by having control of our own destiny last year and giving it away. What are the ramifications of that disappointment? I would say it will make the seniors better...
...that's in the future. If Obama begins restoring order to the economy, Democrats will reap the rewards for a long time. Forty years ago, liberalism looked like the problem in a nation spinning out of control. Today a new version of it may be the solution. It's a very different day in Grant Park...
...sure. In a two-party system, it's impossible to construct a majority without bringing together people who disagree on big things. But Obama's majority is at least as cohesive as Reagan's or F.D.R.'s. The cultural issues that have long divided Democrats - gay marriage, gun control, abortion - are receding in importance as a post-'60s generation grows to adulthood. Foreign policy doesn't divide Democrats as bitterly as it used to either because, in the wake of Iraq, once-hawkish working-class whites have grown more skeptical of military force. In 2004, 22% of voters told exit...
...progressives believed, were turning capitalism into a jungle, a wild and lawless place where only the strong and savage survived. By the time Roosevelt took office during the Great Depression, the entire ecosystem appeared to be in a death spiral, with Americans crying out for government to take control. F.D.R. did - juicing the economy with unprecedented amounts of government cash, creating new protections for the unemployed and the elderly, and imposing rules for how industry was to behave. Conservatives wailed that economic freedom was under assault, but most ordinary Americans thanked God that Washington was securing their bank deposits, helping...