POLITICAL observations & opinions

* Zuckerman (SF Chronicle): Obama marks the end of “no-regulation” Reagonomics

Posted by Lew Weinstein on October 20, 2008

Sam Zuckerman writes in the San Francisco Chronicle …

  • When Ronald Reagan entered the White House in 1981, he famously declared, “Government is not the solution to our problem; government is the problem.” Since then, conservative small-government ideas built on a foundation of deregulation and low taxes have dominated the debate over what role Washington should play in the economy.
  • Now the tide is turning, political experts on the right and left say. A combination of circumstances, including the resurgence of the Democratic Party and fallout from the worst financial crisis since the Great Depression, is giving impetus to wholesale expansion of government economic intervention.
  • If Barack Obama is elected president and Democrats strengthen their grip on Congress, the period could be transformative. 
  • Democrats would enact a series of programs that they believe would boost economic growth and improve middle-class living standards.

Read the entire article at … http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2008/10/19/MN6613IQI4.DTL

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