Carter was crushed in the 1980 election. Ronald Reagan rose to power and brought Milton Friedman on as an economic adviser. The sun had set on an era of Keynesian stability and New Deal economics that benefited the middle class. The 1970s crisis-induced crack in the national psyche was just big enough for Ronald Reagan and the neoliberal shock troopers to step through it and carry forward an Economic Royalist revolution to tear down everything. The long fuse to the Crash of 2016 was lit.