hey Risk, whenever I see some general statement alluding to the messed up system OVERALL, to me it is a veiled excuse for the current government.
We had a 2 party system in the 50s,60s,70s,80s,90s and this decade. I will leave off the WWII era and below, since the economic makeup of the country was different (pre WWII we were not a superpower).
In only one of those periods, this decade, the national debt doubled when we went into the decade with a surplus. No other time. In this decade we went into it with a booming economy, wage raises for the middle class, declining national debt, no inflation to speak of, a booming stock market which builds entrepreneurialism and a strong dollar. We are leaving the decade with a crashing dollar, stagflation, a secular bear and virtually half the job creation we need to keep up with population growth for the entire decade.
All the basic machinations of the 2 party system, which I agree is a bit flawed, were true in the past.... and yet, this decade stands out as a nation that managed to snatch defeat from the jaws of victory. |
