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Sunday, December 16, 2018

Calling this a “make or break moment for the middle class,” Barack Obama on Tuesday used the same Kansas town in which Teddy Roosevelt gave his “new Nationalism” speech in 1910 to try to refocus his economic message and provide a cohesive narrative for a presidency many on the left have found wanting.

Lamenting that the “basic bargain” (T.R. called it his “Square Deal”) that historically has made the United States an attractive place to raise a family has “eroded,” Obama made the case for beefed-up financial regulations and used the bully pulpit to urge Congress to approve his nominee for the Consumer Financial Protection Bureau, the trademark of his Dodd-Frank financial regulation bill.

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