Is Diversity the Secret Key to America’ Economic Renewal?

What’s fascinating about presidential elections—perhaps more than any other event—is the way that intelligent people can view the same set of facts and see totally different things.  Not a day has passed since Barack Obama’s re-election, and already the pundits are out in force.

Some say Obama’s diverse “rainbow coalition” marks the demographic transformation of America, where aging white men make up an increasingly smaller share of the electorate.  Others say it is about wedge issues, like immigration, that appeal to key interest groups like Hispanics.

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