Vacation places in usa for family for The two oil shocks in the 1970s changed the fortunes of the social democratic movement. Shrinking economies led to large budget deficits, high interest rates, unemployment, inflation, balance-of-payments problems, exchange-rate instability, and crowding-out of the private investment. Neo-liberal parties capitalized on the worsening economic situation and held social democratic governments responsible for excessive social-welfare programs, emphasizing their adverse macroeconomic effects. With the rise of the neo-liberals to power, social democracy itself, ironically, entered an era of crisis. Throughout the 1980s and early 1990s, social democrats and indeed the left in general, lost touch with the people in most industrial countries, with the exception of Scandinavia. The powerful counter-revolution staged by the neo-liberals and led by Margaret THATCHER and Ronald REAGAN, caused social democrats to lose their political and economic base. Aggressive privatization and liberalization policies implemented in the UNITED KINGDOM and the UNITED STATES, along with significant cuts in social-welfare programs, successfully brought back some semblance of economic stability and growth. Vacation places in usa for family 2016.