steeling elections

[Carl Remick]

>From: Bradford DeLong <jbdelong at uclink.berkeley.edu>
>
>>... while there may be some decent people in the Dem party - and Reich
>>is a good guy in lots of ways - they're not allowed to make policy.
>>The fucking bond traders do.
>>
>>Doug
>
>I remember the fall of 1994--after the collapse of health care
>reform. Bob Rubin and Laura Tyson would talk about how the budgetary
>picture was likely to improve significantly over the next six months,
>how come the spring of 1995 there would be a lot of money for real
>welfare reform and active labor market policies, and how it would
>then be time to spend some of that money--that there had been no
>choice but to focus on NAFTA, GATT, and deficit reduction, that those
>policies were good for the country, but that Democrats existed to
>reslice the pie in a more equal manner as well as to grow the pie.
>
>Of course, come the spring of 1995 Clinton, Stephanopoulous,
>Emmanuel, and company are terrified--it took Gene Sperling a solid
>month of arguing before he could get permission from on high for us
>to even do staffwork for Moynihan to oppose the balanced-budget
>amendment, and then IIRC Gingrich asked and the White House directed
>that Treasury assistance to Moynihan's staff cease as the price for
>Gingrich's cooperation on Mexico...
>
>
>Brad DeLong

Gingrich's cooperation on Mexico?  Wasn't that for the Mexican bailout that, 
as I recall, was essentially a bailout for Goldman Sachs?  That would seem 
to support Doug's point.

Carl

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