Pro-market Democrats disappeared just when we needed them most.
6th July 2010
Matt Welch is bummed.
Our grandchildren won’t believe our stories about the 1990s. Yes, there really was a time before the World Wide Web and ubiquitous portable communication devices in sub-Saharan Africa. Yes, you really could travel to some foreign countries without a passport, without a return ticket, without a credit card, and without entering multiple government databases. Yes, the Pittsburgh Pirates really did once play winning baseball.
But as the Bush-Obama era of bailout economics and Keynesian rehabilitation settles into something like cruising speed, perhaps the most fantastic fact to swallow will be that once upon a time the United States had a president who restrained government spending, balanced the budget, argued forcefully for the benefits of free trade, and declared that “the era of big government is over.” And he was a Democrat.