08-24-2019, 07:41 AM
If you think about it -- Dubya was an awful leader, the sort that tells people to do exactly what they say that they want to do even if such is ultimately harmful and likely to precipitate the economic chaos that begins a Crisis Era. Think of Harding and Coolidge, and the 1929 Crash. The meltdown beginning in 2007 lasted a year and a half because the politicians used Keynesian economics to stop what might have been a full-blown depression. After a year and a half after the 2007 peak, shares of common stock had generally lost about the same percentage of valuation as they did after a year and a half after the 1929 Crash. Obama was President, and he directed the Fed to back the banks and prevent the destructive runs that turned a nasty recession into a full-blown depression of the sort of the 1930's.
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The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.
