[lbo-talk] Wall St CW on politics

[Doug Henwood]

Tom Gallagher, the Washington guy for Wall Street's favorite  
economist Ed Hyman, writes in this morning's briefing that "'08 will  
be the reverse of '80" - and not just in numerological terms. That  
is, he sees this year's election as representing a swing towards more  
activist government, just as Reagan's election meant the reverse. (He  
concedes that the shift began in 1978, with Carter's embrace of  
dereg.) He cites an NBC/WSJ poll that asked whether government should  
do more to solve problems, or if it already does too many things. In  
1995, "too many things" won by 30 points; now, "do more" wins by 12.

Doug