There’s no historical analog, that I can find, to the situation we currently face - economic, political, social, and cultural trends (each, in its own right, disturbing) coming into perfect syzygy....
Lots of chickens coming home to roost - and who’s going to be left to clean the coop??
No he right. We are not to your point yet. But based on everything the current regime is doing, we will be going there soon.
“Wrong years. Think 1930~31.”
Agree, look at the charts, and then look at the people in power. The numbers today are much worse than the 1980 numbers and maybe worse than the depression numbers...when you look at the size of the real estate bubble, overall debt, etc.
Even FDR built Hoover Dam, TVA, and a bunch of other stuff that really grew this country (and provided jobs). I’m no fan of his, but I would take him ANY DAY compared to who’s running the White House and Congress today. We have a Congress/President determined to pursue a negative growth policy in just about every way. The solutions that could get us moving again, like nukes, serious highway construction, loosening of labor laws (like minimum wage), loosening of environmental shackles (like pollution laws and allowing California to grow vegetables) are not even being discussed.
We are in the process of going from First World to Third World, and very quickly. Look out the window, it will take decades (or generations) to recover, and then only if AMERICANS realize who drove us into this mess and figure out a way to never let them have power again (regardless of whether the opposition hires a prostitute once in a while).
Hey, the people who "grew up during the depression" turn uot to be some of the thriftiest and hardworking people this country has ever seen!