Maybe that first, gigantic deficit the Reaganites piled up was an accident, just a combination of deluded 'supply side' tax cuts and a huge bag of good stuff for the Pentagon. But pretty quickly conservatives discovered that deficits, when done correctly, did something really cool: deficits defunded the Left.
Thomas FrankAcknowledging class was always difficult for 'New Democrats' - it was second-wave, it was divisive - but 2008 made retro politics cool again.
Thomas FrankBack in the days when the market was a kind of secular god and all the world thrilled to behold the amazing powers of private capital, the idea of privatizing highways and airports and other bits of our transportation infrastructure made a certain kind of sense.
Thomas FrankGoverning was always difficult for conservatives, but as they return to the opposition, they are rediscovering their skill at blame evasion.
Thomas FrankDuring the financial crisis and bailouts of 2008, it probably occurred to very few average people that we were entering a period of hardship for billionaires.
Thomas Frank