The neoconomy: a place without taxes, without a social safety net, where rich and poor live in different financial worlds — and it’s coming to America.
The first glimpses of the neoconomy appeared during the Reagan administration, but were soon clouded by a legacy of sky-high budget deficits. George H. W. Bush couldn’t afford the neoconomy. In the Clinton years,its prospects all but disappeared in a flurry of economic fine-tuning that delivered record-setting budget surpluses and rock-bottom unemployment rates. But just when you might have counted it out, the neoconomy found a savior. George W.Bush was a businessman who understood the neoconomy almost instinctively, and had the will and boldness to make it a reality.
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