To: ConservativeInPA
Its the 1970s all over again, but much worse. America needs some serious supply-side reforms to blow up the bloated woke regulatory state.
Its far worse now than in the late 1970s though - we are far deeper in debt, our demographics are very top-heavy, society and culture are badly divided, and neo-marxism has a hold on Washington DC.
In sum, there is no stomach in America for even small reforms
17 posted on
05/07/2023 1:08:56 PM PDT by
PGR88
To: PGR88
We are in the 50 year cycle. 1870’s, 1920’s, 1970’s and 2020’s. But this time, the govt is working like hell to make it as painful as possible for us.
18 posted on
05/07/2023 1:13:16 PM PDT by
Texas resident
(We are living through Barak's fundamental transformation)
To: PGR88
You are correct. The parallel to the current economy is the mid-70’s. We are at the beginning of a very long stretch of bad times. You are also correct about the debt. I tried explaining all this to my then 25 year old daughter well over a year ago. I played one of the
1980 Presidential Debates between Reagan and Carter to help her understand how things are similar today to then.
It is hideous that so few people learn from history.
If you have time, watch the linked video. It is uncanny how so many problems reoccur; just the names and amounts change. History rhymes.
19 posted on
05/07/2023 1:25:23 PM PDT by
ConservativeInPA
("How did you go bankrupt?" Bill asked. "Two ways," Mike said. "Gradually and then suddenly." )
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