1. There's an argument going around, articulated most forcefully by @nytdavidbrooks, that now is not the time for the Democrats to embrace Sanders' social democratic agenda because the economy is growng.pic.twitter.com/UXbAvWWvlg
You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
5. FDR benefitted from the uspwing of 1934-1936 to start on reform. He then self-sabotaged by adopting austerity too soon (creating a mini-recession of 1937-1938). But larger reform agenda flourished again after wartime & post-war booms: the era of mass unionization & GI Bill
6. Aside from complex & special case of New Deal, periods of robust economic growth (early 20th century, 1960s) are the ones where progressive economy policy is most likely to succeed. People feel more secure, see wealth isn't being share & push for it.
7. The great recession of 2008 bottomed out in 2010. We've had 10 years of economic growth. Unemployment is low. Wages haven't kept up. There is an affordability crisis. Now is the best time to push for expanded social democracy since 1960s. More here:https://www.thenation.com/article/economy/democratic-socialism-economy-primary/ …
8. The above argument centers around Sanders because that was Brooks' target. But it also applies to Warren, who doesn't call herself a social democrat but is offering a nearly equally ambitious program of economic overhaul. It's one I think is sellable, more now than ever.
And America was a massive exception -- everywhere else, the depression led to more reactionary politics.
When the economic downturn does come, the story will be “now is not the time to build out social programs because look at the deficit.”
That happened in ‘32 too. FDR ran on balanced budgets - got in office, looked at Europe, listened to advisers - threw it all out the window. Wisely.
1929 is the ‘start date’ but in reality it’s roots were in mid-20s ag bust in Midwest and Florida land bubble bust about same time. The bottom falling out was held off by speculative leverage going into the Stock Market late half of 20s. Galbraith’s mid-century history tells it.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.