Putting the Middle Class First

Putting the Middle Class First

Minutes before President Clinton delivered his major economic address to Congress, the television camera panned to Hillary Rodham Clinton in the gallery. Flanking her were Alan Greenspan, chairman of the Federal Reserve, and John Sculley, CEO of Apple Computer. The political symbolism could not have been clearer.

Soon after making the speech, Clinton traveled to Hyde Park, New York, home of Franklin Roosevelt. In a private moment, he laid a single rose on the grave of the great Democrat. The political symbolism again was clear—if quite different.

Just what is one to make of Bill Clinton? Is he really the “New Democrat” that some on the left fear or the New Dealer that conservatives fear?