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The reality is the kidnap cal african-american household didn t very any before the crisis. what matters much more is the you have people who own their homes outright. i think the unemployment rate matters much more for the african-americans than the loss of wealth. it s not just this. i looked back in the 1930s. in 1936 the american public p l polling showed they wanted deficit reduction. and they got it in 37. and it was a political disaster. so part of this is that politicians need to understand that governing by polls is actually a big mistake on economic policy because it has consequences and even in political terms that can matter much more. and i will also say they walk up to cutting medicare but they never actually do it, right? the only cuts have been on the payment side but the republicans want nothing more than to goad democrats. president obama was good at that. i want to talk about the role ....

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