Word: crash
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Dates: during 1980-1989
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...Democratic presidential candidate, who was sharply critical of President Reagan's handling of the recent stock market crash, made his remarks yesterday morning during an hour-long televised program with Marvin Kalb, director of the Barone Center for Press, Politics and Public Policy...
According to conventional political wisdom, a major economic disaster such as the crash should hurt the party in power and catapult the opposition in the polls. The crash, by brutally demonstrating the volatility of the American economy under Reagan, would seem to be a perfect chance for the Democrats to show Reaganomics as the goat it is, while offering the American people an alternative for a more stable future. Instead, Democrats have concerned themselves with being more Republican than the Republicans...
...best would-be Democratic presidents have managed so far is more talk of the welfare state and social insurance than has been heard in quite a while. After all, the safety net such programs provide did much to prevent the general panic which turned an earlier, smaller crash into a decade-long depression...
Bernice Garelick, 60, had felt sure that her husband Elias, a dentist, could retire in a few years and spend more time with her. But the crash shook her confidence. The Lindenhurst, N.Y., couple watched helplessly last week as their $300,000 portfolio of stocks sank in value by 20%. Said Bernice: "We have been investing in the market for 22 years. Now this happens, and it threatens what you have worked for over a lifetime...
...machines. That would mean less work for contractors, carpenters and other members of construction crews. Richard Snow, director of the Associated General Contractors of Greater Milwaukee, conceded that area contractors were worried. "No hardhat is going to take a dive off an unfinished apartment building," he said, "but this crash could have serious effects down the road...