Thursday, November 19, 2009

A Look At Yesterday: A Summary of the 90's

"The 1990s deteriorated into a series of culture wars as Pat Robertson’s Moral Majority and Jesse Jackson’s Rainbow Coalition staked out their positions. The dissatisfaction with the status quo was made clear when populist Ross Perot was able to garner 18.9% of the national vote in 1992, leading to the election of Bill Clinton. Pessimism and gridlock marked the 1990’s. With a Republican Congress and a Democratic President, virtually no major legislation was passes between 1994 and 2000. This restricted government spending while tax revenue soared in the late 1990s with the stock bubble. The result was budget surpluses. Individual self interest dominated personal life, and intractable national problems like Social Security and Medicare didn’t demand immediate action, so they were pushed off to the distant future. The public became disillusioned as the two parties degenerated into name calling, accusations and shrill rhetoric. Incivility in public discourse, a widening chasm between the haves and have nots, all-encompassing distrust of financial and governmental institutions and leaders, and a debased media and public culture led to a national pessimism."
James Quinn

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