The Washington Times
Why, conservatives sometimes ask, were the 1980s reviled as the “decade of greed” when the 1990s get off scot-free, notwithstanding the obvious excesses of the “New Economy”? To many, the answer is obvious: because Ronald Reagan was in the saddle in the 1980s and Bill Clinton has been president in the 1990s. The very people who railed against the “decade of greed” are Bill Clinton’s staunchest defenders; ergo, no problem. In fact, there are a number of left-wing Democrats, especially those around the lively American Prospect magazine, who are unhappy with Bill Clinton on “decade of greed” grounds. They think he has sold out the party’s traditional mission as guardian of the interests of the poor and dispossessed in favor of an unholy alliance with Wall Street.