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Democrats Have Reached a Watershed?

Harold Meyerson; Sarah Jaffe
Democrats have reached a watershed. After two decades in which the party has moved leftward on social issues but has largely accepted the financial sector's economic preferences - the abject failures of the market economy are pushing the party leftward. The revolt against Summers was less about his positions on today's economic issues but his opposition to regulating derivatives. In Congress, in New York City and Chicago, Democrats are feeling the heat of the people.
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