The massive flight of jobs and capital from America, bank deregulation, housing bubble, etc. commenced in the 1980s under the Orwellian Reagan-Bush regime: where "greed was good", poor people were mocked, and Vietnam was (somehow) made heroic again (and "War was cool" again), and the savings & loan scandal erupted, and we quadrupuled the National Debt with the deceit of trickle down economics.
During the 1980s, Hewie Lewis sang "It's Hip to be square", which was a sad commentary on the direction the Country had turned.
But my point here is that during the Clinton years (1993-1999) he had reversed the trickle down Tax code, and brought the deficit under control.
By rejecting the Reagan approach, we actually had balanced budgets, low unemployment, and no major Wars. There are plenty of things that were bad too. But during the Clinton years the poverty gap between the rich and the poor actually got lower. More people moved out of poverty and into the middle-class during those mid-to-late 1990 years. I personally owned a dream house back then (which now I could never afford to buy), and I have never been able to either earn the same salary point anymore, get pay raises at similar rates, or save money anything close to that wonderful time period.
In the 1990s, the biggest national scandal was just a sex affair (and where there was little actual 'sex' taking place anyway).
So it has been the 21st Century where all hell has broken loose, and the key event: the corruption of 9/11 took place, and it is now impossible to ever go back to the relative peace & prosperity & savings rates that we had back then.
I would gladly live permantly in 1990s, then in this horrible period that has followed after then (and made possible by the Bush-Cheney-Rumsfeld PNAC regime).
Want DP delivered to your inbox daily? Subscribe here: