Southern Senator North Carolina Yankee
North Carolina Yankee
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Atlas Institution
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« Reply #1 on: May 17, 2014, 08:43:45 AM » |
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The neoliberal takeover was a product of the seventies economy of stagflation and oil supply shocks as well as the geographic distribution of the Party. The neoliberal-supply side takeover of the GOP was probably baked into the pie precisely because of Nixon's own economic policies and that of his Fed Chairman, as well as of course, OPEC.
The GOP was also top heavy in the increasingly Democratic leaning Northeast and wide at the bottom in the West and South were there was still plenty of room to grow. And where the primary business interests (always a critical component of the GOP) were agriculuture, oil and defense, all of which Nixon's policies hammered from environmental regulation, to price controls, to the cuts in the defense budget. Now you could say that Watergate removed Nixon's ability to keep these people in line, and historically, he had drawn support from them when he was up and coming. There is a scene in the movie Nixon where he threatens a Texas oilman played by Larry Hagman, with the IRS to keep him and his money in line after he complains about the EPA, busing and price controls. I could see a point that as long as Nixon remained in the White House, he could maintain control of these types, but it was essentially on borrowed time basically.
Reagan was still the two term Governor of the biggest Western state and a still a favorite of these types of business interests, and would likely have been a 1976 candidate even without Watergate. And it is more then likely he would have been running against the regulations, taxes and price controls, as well as the defense cuts as a result.
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