georgephillip
Diamond Member
- Thread starter
- #41
Speaking as someone who started working full time in the mid-60s, I'm starting to appreciate how the frog in a kettle-full of slowly boiling water must feel.Depends on how one defines a DEPRESSION, of course.
Taking the current definition that most economists will accept, NO, we did not have a depression.
Looking at the economy from the POV of many Americans?
We've been in a depression for decades.
The bottom quintile has been in a depression for about 40 years, folks.
It is almost like two different lifetimes when I consider how a single minimum wage job in the 70s paid the rent on a brand new one-bedroom apartment and allowed me to support a six year-old Malibu.
I haven't been able to afford any one bedroom or automobile since early '95, and it is looking like the next sixteen years will make '95 look like the good ol' days.
AND I still don't see any non-violent way of changing this dynamic that involves "choosing" between Republican OR Democrat at the polls.