Four years ago, 20,000 whooping Democrats blew into New York City, chomped its pizza, downed its booze and donned their funny hats. They were confident. They sensed a win. Their host, on the other hand, was all smiles, but shaky. It had no confidence and sensed collapse. Oh, the city scrubbed its face, all right; got out the good china, the usual. But New York was broke, after all. Bonds were finally due. Corporations headed for the hills. When the Democrats showed up in 1976,...
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