Looking at those charts, it looks like the US economy cratered around 1981, and hasnt really recovered since, more like a series of death throes. I remember 1981, pretty lean times. I think it coincides with the death of heavy industry in the US, based on what I saw at the time, and what has gone on since then.
Yeah, I remember all the plant closings here in Pittsburgh from 1978 onward. I once read an article by libertarian Robert J. Ringer where he basically said the economic depression or collapse we are seeing now would have happened in 1985 or 1990 but what saved us was Reagan's economic policies along with the 1980's computer boon which dovetailed into the internet boom of the mid 1990's until 2007 or 2008. So basically, we are a generation late.
I often wondered how things would be now if it did happen in the 1985/90 time period.
posted on 12/02/2012 11:14:24 AM PST
by Nowhere Man
(It is about time we re-enact Normandy, at the shores of the Potomac.)
To: Nowhere Man
I’m starting to call the years from 1981-2001 the Reagan interregnum - a brief pause in our slide to socialism.
posted on 12/02/2012 7:16:43 PM PST
(It's the end of the world as we know it and I feel fine)
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