CAMBRIDGE, Ohio—The angry old white men in this no-frills meeting room in a $55-a-night hotel off Interstate 70 are mostly retired truck drivers and coal miners, the kind of blue-collar voters without college degrees who tend to get quoted in Rust Belt diners, defending President Donald Trump. They believe the system is rigged, that America has broken its promises to its working class, that the citizens who transport its goods, extract its energy, and shower after work rather than before have been shafted and forgotten. And while “economic anxiety” has become a punchline for pundits who believe Trump’s popularity with this demographic has more to do with racial resentment than trade or wages or health care, the economic anxiety in this room is real. These retirees are at risk of losing the pensions they worked for decades to secure, which is why they’ve gathered to hear the man they trust the most to fight for them in Washington. It’s not Trump. In … [Read more...] about Trump Flipped Ohio in 2016. Can Dems Flip It in 2018 By Going Old School?
Student loan bailouts
The Associated Press Published 4:52 PM EDT Sep 13, 2018 On the brink of crumbling a decade ago, America’s financial system was saved by an extraordinary rescue that revived Wall Street and the economy yet did little for individuals who felt duped and left to suffer from the reckless bets of giant banking institutions. The government intervention shored up the banking system, allowed credit to flow freely again and helped set the economy on a path toward a painfully slow but lasting recovery from the Great Recession. In the process, though, millions endured job losses, foreclosures and a loss of financial security and struggled to recover with little outside help. For many, faith in homeownership, the financial markets and a government-provided security net never quite felt secure again. Even with the economy roaring this year, 62 percent of Americans say the country is heading in the wrong direction, according to an August survey by The Associated Press and the NORC Center … [Read more...] about A decade after meltdown, largest banks even bigger
The Associated Press Updated 12:06 pm CDT, Thursday, September 13, 2018 FILE- In this Sept. 17, 2008, file photo trader Christopher Crotty rubs his eyes as he works on the floor of the New York Stock Exchange. Home prices had sunk, and foreclosure notices began arriving. Layoffs began to spike. Tremors intensified as Lehman Brothers, a titan of Wall Street, slid into bankruptcy on Sept. 15, 2008. The financial crisis touched off the worst recession since the 1930s Great Depression. less FILE- In this Sept. 17, 2008, file photo trader Christopher Crotty rubs his eyes as he works on the floor of the New York Stock Exchange. Home prices had sunk, and foreclosure notices began arriving. Layoffs ... more Photo: Richard Drew, AP FILE- In this Sept. 15, 2008, file photo traders work on the floor of the New York Mercantile Exchange in New York. Home prices had sunk, and foreclosure notices began arriving. Layoffs … [Read more...] about Decade later: Safer financial system yet much hasn’t changed