Word: 1980s
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Dates: during 1990-1999
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...worried when political parties cooperate. Isn't that what happened when they agreed to deregulate S&Ls and bankroll the military during the 1980s? Our hopeless national debt is the legacy of that chumminess. At such times the politicians either award bucks to their friends or bring contracts to their home states. We can't afford to have the directionless Democrats cuddling up to the Republicans...
...country, prophesied that in a few years motorists on the New Jersey Turnpike would see oil refineries adorned with signs written in Arabic and pictures of the King of Saudi Arabia proclaiming their new ownership. Oil shocks did help trigger raging inflation that even into the early 1980s seemed endless. I recall one of my journalism colleagues (no, we aren't immune to this kind of folly) asking a high financial official whether he could foresee price increases and interest rates ever falling below 10%-and expressing shocked disbelief when the official answered yes. I wonder if my colleague remembered...
Speaker Gingrich's choice for House historian, Kennesaw State professor Christina Jeffrey, quickly became a footnote to history when her controversial evaluation of a 1980s Holocaust education program surfaced, triggering a gleeful fusillade of criticism from Democrats. In 1986, Jeffrey had written that the junior high school program in question contained "no evidence of balance or objectivity. The Nazi point of view, however unpopular, is still a point of view and is not presented, nor is that of the Ku Klux Klan." Moving quickly to avoid a prolonged, Clintonian embarrassment, Gingrich fired the professor the same day the evaluation came...
...result of these policies? According to an article in U.S. News and World Report: "In the early 1980s, the Treasury Department lost $644 billion in foregone revenues...and there was no special burst of worker productivity or investment activity" ("The Repackaging of Reaganomics," Dec. 12, 1994). In fact, Congress overturned most of Reagan's economic strategies by 1986, but the Reagan-Bush team managed to increase the federal debt from under $1 trillion to over $4 trillion. At the end of the decade, income inequality had increased (due to gains for only the top five percent), and six million more...
While the Republicans are attempting to return to the policies of the 1980s, they are reaching further into the past to employ the same hatred that fueled Richard Nixon. Although he has passed away, his venal spirit clearly lives...