On Thursday, April 20, 2000 4:42 PM, Doug Henwood [SMTP:dhenwood at panix.com]
wrote:
> Brad De Long wrote:
>
> >Hope so. But you can never tell in advance. I thought we were
> >stronger than Reagan, too...
>
> Who's "we"? And why did you think that? The U.S. elite was clearly
> moving rightwards from the mid-1970s onwards. Carter gave us a
> balanced budget, the mandated 3% real increase in yearly military
> spending, and Paul Volcker - but still that wasn't enough. The
> employing class was clearly sick of unions, and the warrior class
> were pushing Team B and the Committee on the Present Danger. Reagan
> was the natural outgrowth of all that. What were the counter-forces?
>
> Doug
The same was true in Britain, the turning point being when the Labour Government gave into the public spending cuts demanded by none other than... the IMF.
Bruce Robinson