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The New Deal, in my mind, has become a raw deal for my children.

No one is better placed or more philosophically suited than Obama to construct the new counter narrative as we go forward in our new New Deal. But many masters of the old universe, including quite possibly his chief economic adviser, can't recognize that the world has changed or should change.

America has to ask itself not what it wants, but what it can afford... The New Deal, in my mind, has become a raw deal for my children.

Politicians generally act as if there is no cost to reconnecting with voters by building new New Deals. But the whole exercise of writing law out of New Deal nostalgia is a form of national narcissism. Call it New Deal narcissism.

The New Deal was going to redistribute the national income according to ideals of social and economic justice.

For many people, and particularly in communities of color, the basic bargain of America - that if you work hard and play by the rules, you can share in the nation's prosperity - has become a raw deal. That's what President Obama's opportunity agenda is all about - making good on our country's half of the basic bargain.

An Obama administration desperate to strike a deal is likely to strike a bad one.

Let's face it, the Obama administration was handed a pretty poor deal from the previous administration.

President Obama is a utopian at heart. He wants to improve the lives of the downtrodden, which is a good thing. But, he doesn't understand that damaging the free marketplace in pursuit of 'social justice' will eventually harm those whom he wants to help. The nation's crushing debt is a tsunami brewing off shore.

Recent research suggests that New Deal programs may actually have had their primary impact on the economy by influencing consumer and business expectations of future growth and inflation.