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Like I said, I'm not suggesting it's impossible that this is something like the Depression.  I'm just saying it's unlikely things get that out of hand.  Remember the Depression became the Depression largely as a result of Hoover and the Fed doing the exact opposite of what they were supposed to do.  The current situation, to me, feels more like 1980 than anything else, except to say that Bush actually deserves a lot of blame, unlike Carter.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
by Drew J Jones (myfriends@thisispancakes.com) on Wed Jul 16th, 2008 at 05:16:23 PM EST
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How old were you in 1980?  

You're younger than I, iirc, and all I can remember from 1980 is what kindergarten felt like.  The Letter People and learning my phone number and playing with my friend Andie, whose house smelled weired, and milk break and the kid who stole the flowers we brought for the teacher...  Oh, and early morning pony rides.  Ponies and milk and cookies is what 1980 felt like to me.

"Pretending that you already know the answer when you don't is not actually very helpful." ~Migeru.

by poemless on Wed Jul 16th, 2008 at 05:30:16 PM EST
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Erm, I was -4.

So, technically, it didn't happen, I suppose. ;)

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin

by Drew J Jones (myfriends@thisispancakes.com) on Wed Jul 16th, 2008 at 05:38:20 PM EST
[ Parent ]
the Fed doing the exact opposite of what they were supposed to do.

Can you trust the Fed to do what it´s supposed to do now....?

Our knowledge has surpassed our wisdom. -Charu Saxena.

by metavision on Wed Jul 16th, 2008 at 05:43:08 PM EST
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We're not even close to being in the same environment as we were in 1980.  As I wrote on another thread, what with the various Peaks running around and Global Climate Change to boot as well as the economic problems we've got a serious crisis on our hands.  Applying the solutions of the eighties or the thirties isn't going to cut it.  
by ATinNM on Wed Jul 16th, 2008 at 09:11:33 PM EST
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