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April 21, 2014

Co-founder and co-editor, 'The American Prospect'

Can Democrats Go Long?

For more than 30 years, the right has been throwing long passes. The Democrats, with some fine individual exceptions in the Senate and House, have been playing an incremental game, eking out gains of a few yards at a time and often being thrown for big losses. Guess which side has been winning. Four decades ago, supply side economics was a joke. The idea that cutting taxes on the very rich was the key to prosperity had been laughed out of the debate as 'trickle down economics.' Now low taxes on the rich -- even the dead rich -- are national policy. Forty years ago, Richard Nixon was fighting mostly on territory defined by Democrats. He had a universal health proposal somewhat to the left of the Affordable Care Act. Nixon was even for a guaranteed annual income, and that was before Watergate.

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