Uh Oh, this is not good.........

Quote from trefoil:

But not in a few years.
The public has now seen Enron, World Com, an infinite parade of fraudulent dot-coms, the bank blow-up, the housing debacle, which featured frauds like drywall from China that rots after a short time, and now BP.
Each one blows up a piece of the mythos built up in the eighties and nineties, about self-regulating markets being enough to keep us prosperous and consumers safe.
Martha Mitchell said, in 1970, that the country was going so far to the right no one listening at that time would recognize it, and she was right.
Well, this country's going so far to the left, starting once the next Rep is elected and tanks the economy yet again, that you won't recognize it.
Bush I was chance.
Bush II was coincidence.
When the next Rep takes office and does it again, the public will finally decide this is enemy action, and the response will be as it was in 1932.
More...


I don't think you will have to wait for the next Republican for things to blow up. As far as regulation, Clinton allowed the current thugs (Summers, Rubin) to drop Glass-Steagall. So much for leftists protecting the economy. And the country as a whole is far more left today than it was in the 1980s.
 
Quote from rcaldwell:

I don't think you will have to wait for the next Republican for things to blow up. As far as regulation, Clinton allowed the current thugs (Summers, Rubin) to drop Glass-Steagall. So much for leftists protecting the economy. And the country as a whole is far more left today than it was in the 1980s.
More...

...and it was further to the right in the Seventies than it had been in the Sixties.
But that was only the beginning.
Ditto now, except in the opposite direction.
As for when things blow up, doesn't matter. Under Nixon, the economy tanked twice, and inflation was accelerating when Gerald Ford got handed the hot potato and did what little he could with the mess he got handed.
If you had asked anyone in 1974 if we were coming into a quarter century of Republican dominance in the White House, they would have said, emphatically, no.
By 1980, everything had changed.
 
You must log in or register to reply here.
Back
Top