Word: reagans
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...brainchild of "Third Way" pioneers of the 1990s, former British Prime Minister Tony Blair and former U.S. President Bill Clinton, both of whom had sought to govern by marrying some of the social concerns of the traditional social-democratic left with the market-oriented economic growth strategies of Ronald Reagan and Margaret Thatcher. Today, a similar outlook is shared by the moderate leftist parties that govern in Latin America's biggest economies, such as Brazil, Argentina and Chile. And the current global economic crisis would appear to be an auspicious moment for political leaders whose central message has always been...
...victory garden planted by Eleanor Roosevelt during WW II. F.D.R. made a cloakroom into a movie theater and put in an indoor swimming pool. Nixon, an avid bowler, added a one-lane alley. Eco-friendly Jimmy Carter installed solar panels on the roof in 1979, only to have Ronald Reagan remove them in 1986--proof that even First Families can't go home again...
...early 1980s, around the time Ronald Reagan became President and Wall Street's great modern bull market began, we started gambling (and winning!) and thinking magically. From 1980 to 2007, the median price of a new American home quadrupled. The Dow Jones industrial average climbed from 803 in the summer of 1982 to 14,165 in the fall of 2007. From the beginning of the '80s through 2007, the share of disposable income that each household spent servicing its mortgage and consumer debt increased 35%. Back in 1982, the average household saved 11% of its disposable income. By 2007 that...
...soon enough how well President Barack Obama copes, but long before the collapse, he clearly sensed the nature of the historical moment. His Democratic opponents were all over him a year ago when he gave the Reagan Revolution its due, but he was exactly right: "Ronald Reagan changed the trajectory of America ... He tapped into what people were already feeling ... [He] transformed American politics and set the agenda for a long time ... In political terms, we may be in one of those moments where we can get a seismic shift in how the country views itself and our future...
...that decade's sharp left turn - civil rights, feminism, gay rights, environmentalism, sex, drugs, rock 'n' roll - became part of the American way of life. In the same way, even as we now rediscover the need for sensible regulation and systemic fairness, the fundamentally good lessons of the Reagan age - entrepreneurialism mostly unbound, proud Americanism - will endure. The babies will not be thrown out with the bathwater...