Word: populists
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Dates: during 1970-1979
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...real question is whether Carter and the Federal Reserve will stick to a policy of high interest rates, slower money-supply growth and tight budget restraints when the economy slows significantly and unemployment begins to rise. That goes against Carter's instincts as a populist. Even in his Stage II speech he could not bring himself to say anything about money supply, and some of his politically sensitive advisers wanted to include in that talk a promise of lower interest rates; they were dissuaded only after a drawn-out fight...
Altman's myth-shattering, by contrast, seems almost regretful. He recognizes the populist element inherent in so many American myths--the belief that the determined individual can succeed in the face of opposition by large organizations--and he seems to wish the myths were true, even though he knows they aren't. Latter-day Icarus Brewster McCloud falls to his death in the Houston Astrodome; McCabe is killed by the corporate goons; Philip Marlowe plays the sap; the gamblers in California Split lose. Maybe that's not the way you'd like it, says Altman, but that...
Finch's defeat in the run-off election in the Democratic primary has destroyed--for the time being at least--any speculating about a new kind of color-blind populism in Mississippi. In the wake of his defeat, Finch appears more a burp from Mississippi's populist past than the harbinger of a new kind of politics. Nonetheless, it remains to be seen whether Finch's decline was due to the shakiness of his alleged political base or to the numerous political blunders Finch made during the first two years of his governorship--blunders that a more astute populist politician...
...beginning of the campaign, his most likely successor seemed to be Alabama Attorney General Bill Baxley, 37, a populist in polo shirt and plaid pants. But he lost last week to Forrest ("Fob") James Jr., 44, a former star halfback at Auburn University '55 and a millionaire manufacturer of sporting gear. James' victory showed that Jimmy Carter's tactics can still pay off, at least in the South. His lavishly financed $2.5 million campaign played up his role as an outsider with no ties to the political system. That image was reinforced by Walker & Associates...
California's celebrated Proposition 13 has become a puzzler for the rest of the nation. Some observers see it as part of a conservative backlash against the welfare state. President Carter says it vindicates his populist view that ordinary folks are rising in wrath against the well-to-do and their three-martini lunches. At the Time Inc. tax conference, Public Opinion Analyst Daniel Yankelovich, who conducts regular surveys for TIME, offered his findings...