Word: 90s
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Dates: during 1990-1999
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Technology, democracy and capitalism, the themes of this decade, interreact. PCs may have been born in the '80s, but the productivity payoff came in the '90s. (It took 10 years to figure out how to use the damned things!) Thus technology added mightily to this decade's prosperity, which reinforced the prestige of capitalism. Capitalism, meanwhile, repaid the favor. A few years ago there was talk of the government's spending billions to build the "information superhighway." Then that highway sprang up overnight. Although the roots of the Internet are in the Defense Department, the Web's sudden arrival...
...Which is certainly tempting. Schroeder's experience fits well with Europe?s new-left politics of the ?90s, in which leaders of traditional social-democratic parties such as Blair and Lionel Jospin implement a center-right economic program. But as TIME?s Bonn bureau chief Jordan Bonfante warns, the analogy has its limits: ?While Schroeder would like nothing more than to be likened to Blair, the major difference is that the Christian Democrats are not the Tories,? says Bonfante. ?Where Blair faced a decrepit and unpopular party, the CDU is still a strong and vigorous political force.? And Chancellor Kohl...
...90s Paxon has taken his ambition to the national level. In 1994, he worked closely with Speaker of the House Newt Gingrich to realize the historic Republican takeover of the House. But last year, in perhaps Paxon's most eventful year, he seemed poised to challenge both Gingrich and Majority Leader Dick Armey for their positions. While Paxon's most recent connivances have come to no avail, he has somehow emerged from the controversy with a surprisingly positive public image...
...continue to whine about Reagan's irresponsibility. In fact, as Jonathan Chait points out in the New Republic (Feb. 2), many conservative revisionists are now so emboldened by this fortuitous occurrence that they've taken to arguing the absurd. Ignoring the immediate, post-Reagan recession in the early '90s and the effectiveness of Clinton's policies since then, they claim that it is the healthy economy borne by Reagan that has restored our fiscal health and allowed the budget to come into balance...
Reagan took his hits in the early '90s as the economy tanked and the deficit continued to grow. Now, as the economy improves and the deficit disappears, his popularity is being restored...