1970s
Helping to explain Ronald Reagan’s rise to the presidency, we have this brief, trenchant account of the 70s.
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In 1973, the stock market topped out at 1,050 and then fell for the rest of the decade. No one in America was investing in the future anymore. Eat, drink, and be merry, for tomorrow there will be no tomorrow became the idealized philosophy of America in the 1970s.
-- Craig Shirley, “Rendezvous with Destiny: Ronald Reagan and the Campaign that Changed America”
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The stock market did not rise for almost the whole decade?? That does a lot to explain the big switch to a right-winger. Liberalism surely must have died.
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In 1973, the stock market topped out at 1,050 and then fell for the rest of the decade. No one in America was investing in the future anymore. Eat, drink, and be merry, for tomorrow there will be no tomorrow became the idealized philosophy of America in the 1970s.
-- Craig Shirley, “Rendezvous with Destiny: Ronald Reagan and the Campaign that Changed America”
>>>>>>>>>>>>>>>>>
The stock market did not rise for almost the whole decade?? That does a lot to explain the big switch to a right-winger. Liberalism surely must have died.