Today, Ryan and Drew are discussing The Kitchen 4, originally released February 18th, 2015.
Ryan: Strap in while I set the stage.
The Kitchen takes place in New York City in the late 70’s. Consumer inflation resumed a steady upward spiral from 1972 to a peak of near 12 percent in 1979. Corporate profits crashed by 30 percent as the cost of business soared thanks to massive social movements forcing Nixon and the federal government to enact sixty-two health and safety laws protecting workers and consumers on top of thirty-two other laws protecting the environment and regulating energy use. With interest up and profits low, the economy wallowed in a crisis state until Paul Volcker, Chairman of the Federal Reserve under President Carter, purposefully plunged it even further into peril in 1981 by cutting taxes to the rich, gutting welfare, and attacking labor in what became known as “Raeganomics”. Continue reading