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August 22, 2011

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Elisabeth

Brilliant observation, Ryan Streeter! Let's maximize this message no matter which candidate carries it. It's a MUST for the American people to hear. Let's get rid of a lopsided message! Thanks Ryan!

David

Interesting point, and let me add to that idea. The emphasis needs to be on ‘mobility.’

Perhaps the most critical error made early on during the housing crash was orienting policy around keeping people in their homes. Instead, it should have been about enabling people to get out of their mortgages, with as little damage to their credit and prospects as possible. Labor market mobility has long been central to the American economy, and we’ve lost a big part of that as people have become ‘chained’ to homes they can’t sell or walk away from.

Great post.

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