Thursday, April 23, 2009

Fundamentally Different

Now how does this apply to the Obama administration? Its relationship to the Sixties is similar to the Sixties' relationship to the New Deal. It is reviving and expanding the regulatory state of the Sixties, particularly in the areas of the environment, consumer protection, worker safety, and financial regulation. It is attempting to make good on the promise of universal health insurance that failed in Congress in 1971. It is also committed to tax reforms and social programs that will redress post-Sixties inequality. The Obama budget, for instance, contains $100 billion in tax increases on the wealthy and tax cuts for everyone else. It would also make college more accessible to lower- and middle-income students.
Fundamentally Different
Blogged with the Flock Browser

No comments: