NY Senator Charles Schumer stopped by the NY Daily News editorial board meeting and made this statement:
“We’re in better shape than [Republicans] are, because they don’t realize that Reaganomics is dead, that the Reagan philosophy is dead,” he said. “We realize that New Deal democracy, which is still our paradigm, which is sort of appeal to each group … that doesn’t work any more.”
“The old Reagan theory which dominated — which is, ‘Government is bad, it’s out of touch, chop off its hands as soon as it moves.’ — is over.”
However, we do need more of Reagan’s philosophy of small government. This is something President Bush and the Republicans, unfortunately, have not grasped, which is the reason for their loss in November. If Charles Schumer thinks the Dem’s win means that the American people want more government intruding into their lives, he’s going to have a rude awakening in 2008.
Update: The Influence Peddler found an article that outlines exactly the kind of economic policies the Democrats want implemented – and it’s not Rubinomics, the policies of Robert Rubin that created created a strong economy in the 90’s. Instead, the Democrats want to institute Populist economic policies. You know, the kind that have allowed France to be the economic power house that it is today.