>On Aug 30, 2007, at 6:57 PM, Rick Kisséll quoted Robert "Bob" Kuttner:
>
>
>
>>This all could have been
>>prevented if deregulation had not been embraced so fervently as a
>>national economic creed.
>>
>>
>
>It's not a matter of creed. Deregulation was pushed because profits
>were down and the working class was surly. Liberals have no sense of
>class and power, do they?
>
>Doug
>
Profits were down and the working class was surly in the 30's. But the response was quite different.
In the early and mid-70's, the Republicans thought that implementing a Reaganite agenda would spark a backlash and end in political disaster. By 1980, they had changed their minds. Wasn't that because of a change of creed?
Seth