From The Financial Times:
During the US presidential campaigning, neither candidate was about to let the financial crisis dictate a wholesale remake of his economic platform. As the markets crashed and the recession rolled in, every promise stood, however ancient its provenance, as though nothing had changed and dealing with the crisis was a separate issue. It took Barack Obama three days – from the election result to his first press conference – to think again.
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During the US presidential campaigning, neither candidate was about to let the financial crisis dictate a wholesale remake of his economic platform. As the markets crashed and the recession rolled in, every promise stood, however ancient its provenance, as though nothing had changed and dealing with the crisis was a separate issue. It took Barack Obama three days – from the election result to his first press conference – to think again.
Read more ....