Safety Nets

[RiverLover]

2. Great post & thanks merrily for shining a light on the hypocrisy of "New Democrats"

Just to put this out there, just in case it isn't known by some who might venture to this group~

The Democratic Party became a liberal party largely through the "New Deal" policies of Franklin Delano Roosevelt during the Great Depression. Before FDR, "laissez-faire" or "free-market" policies were the only policies acceptable to America's ruling elites. FDR's New Deal policies used government spending power to create jobs for the masses of unemployed, and used payroll taxes to provide retirement security through Social Security. FDR also created regulatory agencies like the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) to avoid another financial crisis.

FDR's liberal policies were supported by Democratic and Republican administrations until Ronald Reagan began a conservative counterattack against FDR's policies in 1981.

After 8 years of Reaganism, conservative Democrats began embracing the Reaganite assault on liberalism, and called themselves "New Democrats" to distinguish themselves from traditional FDR-inspired liberals.

These "New Democrats" drew support from large corporations that wanted a return to "laissez-faire" policies to get out from under regulations.

http://www.democrats.com/new-democrats