Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Warpy

(114,650 posts)
5. You're correct, of course
Tue Dec 3, 2013, 10:55 PM
Dec 2013

that this is more like 1932 than 1972. We just haven't had the collapse yet, although we've had the declining real estate prices they experienced through the 20s. We've had many years of wage deflation that hasn't been accompanied by price deflation, driving many people out of business. Unemployment is twice what is reported when you add in the people with part time, low wage jobs who are barely able to feed themselves with help from SNAP and the food pantries.

In 1972, things other than the war were going well. Nixon got in because old folks hated hippies and uppity college kids who hated the war. He stayed in for the same reasons.

We're in a Depression except nobody on the news or in power much cares because the rich are still flying high on hedge fund funny money.

I also think people have finally noticed and have a vague suspicion the Republicans are not on their side. You might be starting to see people voting Democratic and lying about it later so their neighbors don't reject them.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»General Discussion»This Isn't 1972 - This Is...»Reply #5