The New Politics of Personal Finance
For much of the past century, the major parties' use of money and the markets has adhered to a familiar pattern. Democrats, or rare reform-minded Republicans like Theodore Roosevelt` condemned "malefactors of great wealth," railed against the disconnect between Wall Street and Main Street, and laid the blame for social woes at the feet of the rich. For their part, Republicans, depending on the state of the economy, adopt postures ranging from defensiveness to admirable candor about their identification with the rich and business. As Calvin Coolidge put it, "This is a business country . . . and it wants a business government."
With the determination of drunken stockbrokers