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You make good points, but two big problems: 1) we got out of the last depression in large part by having Europe taken out as an economic competitor by WWII (which also helped us ramp up our industry); and 2) if there is a global depression, no one will give a shit about global warming, which, if scientists are right, isn't something we can live with.
And Juliebird:
I agree. Unfortunately I don't see either Democratic candidate risking sounding like an "anti-business liberal" in the general election, which will leave them little mandate to take drastic action on the economy once in office (until it's too late, of course, in which case they can try any crazy shit they want).
The kind of government control necessary to land this wild economic plane ride is something our nation just won't accept (we only accept government control over personal things like sex, political beliefs and torture -- not big stuff rich people would rather keep to themselves).
I fear the worst and hope I'm wrong. Thank you Mr. Leonard for another lucid contribution.
