Abstract

Big Business Backs the Freeze
Ferguson, Thomas | July 19, 1986 issue

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As soon as the dust from Ronald Reagan's election had settled, business Democrats regrouped. The most venerated of all the New Deal Democratic business leaders, investment banker Averell Harriman, had already begun putting together a new pressure group. With signs of discontent in the party rank and file rising rapidly, the Democratic business groups and labor leaders opened negotiations over the shape of a Democratic alternative to Reaganism. With big business as a whole headed increasingly toward Republicans, the venture was a bit of a gamble for then heavily indebted party.

See Also:

ELECTIONS; REAGAN, Ronald; PRESSURE groups; HARRIMAN, Averell; INVESTMENT bankers; BIG business
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