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The 2008 financial crisis hurt the prospects of older white Americans who faced higher unemployment. It also led to the rescue of the financial industry and rates dropping to zero hurting the savings of ordinary Americans, and as the FDIC's Sheila Bair pointed out not much done to rescue homeowners under water. During the 2008 election candidates John McCain and Barrack Obama, both had connections to the real estate and financial industry, to lobbyists for Fannie Mae and Freddie Mac, as cited in the media. This time is no different with Clinton and Trump both having connections to Wall Street yet seeking the support of ordinary Americans hurt by the 2008 financial crisis. The only difference is that Clinton faces a movement within her party led by Bernie Sanders that calls for a different approach this time. There is also little difference between the economic team that Jeb Bush put together in its connections to Wall Street with Columbia University Business School Dean Hubbard and that of Trump.
Grouped Articles
Donald Trump’s new team of billionaire advisers could threaten his populist message
Washington Post 08.05.2016
Donald Trump, Hillary Clinton Spar Over Economic Proposals
WSJ 08.09.2016
Trump’s Empire: a Maze of Debts and Opaque Ties
The New York Times 08.20.2016
If Trump Gets His Way, Real Estate Will Get Even More Tax Breaks
The New York Times 09.01.2016
Where Hillary Clinton and Donald Trump Stand on Wall Street
WSJ 09.16.2016
New Clinton, Trump budget numbers
POLITICO 09.22.2016
Donald Trump’s Business Decisions in ’80s Nearly Led Him to Ruin
The New York Times 10.04.2016
Donald Trump’s Tax Plan Would Boost Economy in Short Run but Not Long Term, Analysis Finds
WSJ 10.17.2016
Donald Trump’s Economic Plan, Up Close, Doesn’t Add Up
WSJ 10.18.2016
Trump Plans to Name Steven Mnuchin as Treasury Secretary
WSJ 11.29.2016
Donald Trump and Wall Street Make Up Quickly
WSJ 11.30.2016
Trump's billionaire cabinet could be the wealthiest administration ever
The Guardian 12.02.2016
Trump’s Economic Cabinet Picks Signal Embrace of Wall St. Elite
The New York Times 12.01.2016
Taxes Under Trump: Almost Everyone Pays Less and the Richest Pay a Lot Less
WSJ 12.02.2016
‘I’m Here to Help,’ Trump Tells Tech Executives at Meeting
The New York Times 12.14.2016
Aging Population, Stagnant Productivity Challenge Donald Trump’s Growth Plan
WSJ 12.04.2016
Opinion: Trump in offside position | Business | DW.COM | 12.01.2017
DW.COM 01.12.2017
Donald Trump’s Recent Policy Reversals Reflect Business Influence
WSJ 04.14.2017
Trump’s business advisory councils disband as CEOs abandon president over Charlottesville views
Washington Post 08.16.2017
Trump and the CEOs: Behind the Collapse of an Uneasy Alliance
WSJ 08.20.2017
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