[lbo-talk] Wall St CW on politics

Doug Henwood dhenwood at panix.com
Wed Jun 18 06:38:48 PDT 2008


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



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