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ISBN: 0275962083Издательство: Praeger Publishers
In mid-July 1997, just as the Dow Jones Industrial Average broke 8,000, the federal government announced that personal bankruptcies were at an all-time high, and Second Harvest, the largest food bank network in America, reported increased demand at half of its distribution centers. Throughout the decade, economists have extolled the virtues of the U.S. economy, while plants have closed, companies have downsized, and those who remain are fearful about their jobs. Contrary to popular opinion, the free-spending liberals have not driven this country to its current level of economic anxiety; it is, in fact, the conservatives. Current economic policy, Cummings argues, is the product of a union between conservative Republican and conservative Southern economic policy--a union that began in the late 1960s.