2016 Postmortem
Related: About this forumHillary Clinton vs Bernie Sanders, a fight for the soul of the Democratic Party
There is an epic battle being fought in the Democratic Party. While it is getting coverage, the context of the coverage is all wrong. The battle is not about who best serves Democrats. It is about the soul of the Democratic Party. It is about what it will mean to be a Democrat going forward. First a bit of background.
Democrats sold out their values over the last 30 years. Ronald Reagan successfully gave the country a semblance of supply side economics success.Reagan used Keynesian economics with a supply side facade. He slashed taxes mostly for the wealthy and supplemented the shortfall with deficit spending. When the economy recovered taxes were never raised to the appropriate levels and the country was served with deficits ad infinitum. The double injection of money into the economy from deficit spending and tax cuts gave America the semblance of prosperity.
George H.W. Bush and Bill Clinton continued Reagans supply side economics with a bit more common sense as taxes were raised and the top line budget was brought into balance. Clinton believed in triangulating to win and triangulating to govern. In the process he gave a huge gift to Wall Street. He allowed the repeal of Glass Steagall which along with George W. Bushs fiscal ineptitude virtually destroyed the worlds economy in 2008.
The election of President Obama decidedly provided a progressive path with not enough progressivism for most. But it was in effect a progressive turn. If one listened to Obama, in 2008 he always spoke about turning the juggernaut slowly or nudging the juggernaut. .
MORE: http://egbertowillies.com/2015/07/30/hillary-clinton-vs-bernie-sanders-a-fight-for-the-soul-of-the-democratic-party/?utm_campaign=coschedule&utm_source=facebook_page&utm_medium=EgbertoWillies.com&utm_content=Hillary%20Clinton%20vs%20Bernie%20Sanders,%20a%20fight%20for%20the%20soul%20of%20the%20Democratic%20Party
LuvLoogie
(6,997 posts)Heads up to the fallen souls, lest Old Nick be alerted to your sins.
Autumn
(45,064 posts)Puglover
(16,380 posts)Please post this in the HRC room. See how it goes for ya!
L0oniX
(31,493 posts)But then ...is it the Goldman Sachs soul?
artislife
(9,497 posts)That H is interested in the body of the party and has very little use for the soul.