They have been giving it lip-service then going to 'business as usual'. Clinton especially (and one his econ advisers started this thread!). Once the 'left' was fooled by monetarism and associated lies, they failed to develop a rebuttal and simply adopted it as the 'reality'.
You are correct
She didn't do anything she gave "lip service" to because she didn't win, she was not in office and had power to do nothing but talk. Democrats haven't recently been given the numbers not to be outright blocked. Always looking for an excuse to screw yourself you will always find it.
I was talking about Bill Clinton.
Why where you talking about Bill Clinton as a stand in for the entire current party? That was 20+ years ago. We are in an entirely different world.
Imagine if the Democratic controlled Senate had convicted Clinton. He would have been removed and Al Gore would have become POTUS. We would not be here today if the Dems had done the right thing regarding Bill Clinton. He was and still is a slime ball.
Economist Warren Mosler once met Al Gore and explained to him how the govt wasn't money restricted, and Gore understood and agreed, but said it would be impossible to sell to the voting public. He then got up and made a typical neoliberal speech. It's crazy. True story.
I was locating the point in time when the party completely accepted the orthodox economic position. Nothing has changed since then.
Yeah this is what I think too as I look back, this was the democrats leaning into liberalism as it pertains to less restrictions on the market.
Clinton's admin abolished the Glass-Steagall act. They also ran the first govt surpluses in most people's lifetimes. People seem to think that is good, but a govt surplus means the govt restricts spending (to less than taxation) which just runs down the public's income/savings. They bought the lie.
Yes. Exactly this. His administration also gutted welfare and passed DOMA
That's true. I don;t blame Clinton personally for that DOMA, but it's clear to see what a lot of the mainstream party were like. Some are still there.
I really don’t know how much a president has active hands on vs his administration, but yeah the party went like this mainstream and then danced back on social issues a bit, but…..
When Clinton took power Dems had a senate/house majority. He could have pushed through single payer health reform. However there were background machinations. A lot of advisors pushing neoliberal economics, which they used to get centrist/right voters on board. So-called 'fiscal responsibility'.
and laid off 377k federal workers to be replaced with contractors
It marks the point neoliberalism became truly bipartisan.