Reaganism Undone
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
It was as if the party had been thrown to mark the end of an era. It was last weekend, on Park Avenue, and the sort of bash middle aged adults like to throw to show they are still on top of their game, still capable of getting up on the dance floor and gyrating to recapture their lost youth.
My fellow guests were mostly money people, hedge fund managers, bankers of one sort or another, investors in commercial real estate, people who until the last couple of weeks thought nothing of shelling out on a faster boat or renting a large house in the Hamptons for the summer and hang the expense. As they bopped up and down to the band, it was as if they were enjoying one last summer.
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