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In a nutshell, 'real' Democrats were damned angry at Volcker/Carter 'using unemployment to fight inflation'. Kennedy's 1980 Democratic Party convention speech:

Let us pledge that we will never misuse unemployment, high interest rates, and human misery as false weapons against inflation.

Let us pledge that employment will be the first priority of our economic policy.

Let us pledge that there will be security for all those who are now at work, and let us pledge that there will be jobs for all who are out of work; and we will not compromise on the issues of jobs.

These are not simplistic pledges. Simply put, they are the heart of our tradition, and they have been the soul of our party across the generations.

http://www.huffingtonpost.com/leonce-gaiter/ted-kennedys-best-highlig_b_103054.html

fairleft

by fairleft (fairleftatyahoodotcom) on Wed Aug 18th, 2010 at 01:24:16 PM EST
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