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View Diary: When the Next Crash Comes Remember Which Side You Were On and Learn (213 comments)

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  •  The 'next crisis' won't be 30 years ... (3+ / 0-)
    Recommended by:
    joanneleon, TheMomCat, priceman

    ... the structural flaws underlying the Panic of 2008 were not fixed, and so the next Panic that hits will be a continuation of the current crisis.

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    by BruceMcF on Thu Aug 23, 2012 at 02:17:39 PM PDT

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    •  The next crisis with Dems in power is what I meant (0+ / 0-)

      Obviously I'm aware it won't be 30 years(going by everything I put in this diary), but the chance for a Democrat to take advantage of it comes once every 30 years or so.

      ‎A) "Bipartisan usually means that a larger-than-usual deception is being carried out." - George Carlin B) "The administration should be worried about the level of despair here." ~Markos Moulitsas at NN12

      by priceman on Thu Aug 23, 2012 at 07:09:48 PM PDT

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      •  Dems with the chance to exploit a crisis, I mean (0+ / 0-)

        When Democrats are in power the public will blame them(as they did Carter even though if Reagan won the primary and GE in 1976 the blame would have went to him of the fall of Bretton Woods and oil shocks which was really what was behind stagflation, not a failure of Keynesian policies) so it won't be the same. It was a point on the political dynamics of crisis and financial panics, not an economic prediction.

        ‎A) "Bipartisan usually means that a larger-than-usual deception is being carried out." - George Carlin B) "The administration should be worried about the level of despair here." ~Markos Moulitsas at NN12

        by priceman on Thu Aug 23, 2012 at 07:26:22 PM PDT

        [ Parent ]

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