Stagflation fueled an anti government fervor, and too many of us decided that the only way to survive politically was to accommodate it, to accept the ideological overcorrection that government itself was the problem. And accommodate we did. We supported financial deregulation and backed free trade deals that led to deindustrialization. We urged people to leave their hometowns for financial and technology sectors. We stopped being the party of Main street and became the party of Wall Street. (02:14–02:21)
CLAIM
Asserts that the Democratic Party supported financial deregulation and free trade deals, leading to deindustrialization.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
