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The election results the night before were seen as a stunning repudiation of the new, young Democratic president, saddling him with a less-friendly Congress.
Reeling from the results, several of the president's top aides gathered at the White House to try to plot a path back. One of the first suggestions was to dust off the old populist rhetoric and to blame big banks, big business and Wall Street for the woes befalling the nation.
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