[lbo-talk] "the dawn of a new Democratic era"

Max Sawicky sawicky at verizon.net
Fri Oct 24 13:52:22 PDT 2008


It'll be morning in America.

On Fri, Oct 24, 2008 at 3:55 PM, Doug Henwood <dhenwood at panix.com> wrote:


> The Washington office of Wall Street's favorite economist, Ed Hyman of ISI,
> puts out an election update every Friday afternoon. Today's talks about the
> beginning of a new Democratic era, very much like the beginning of the
> Reagan years after 1980. Both periods share crises of their reigning
> economic paradigms. They're looking to higher taxes on the upper brackets,
> higher corp taxes, changes in labor law (e.g. EFCA), cap & trade on CO2,
> etc. They see this as not a matter of just four years, but ten or more.
>
> Not saying this is right, but there you go.
>
> Doug
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>



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