Is it 1934 or 2009?
All I could say was WOW when I read this. This gave me chills. The similarities here are simply breathtaking. The cartoon below was published in the Chicago Tribune in 1934.
History repeats itself folks. You hear me say it on here all the time. Any bulltard that tells you "but its different this time" when this crisis is compared to The Great Depression is kidding themselves.
You can through that line right in the same trash can as these other famous quotes over the last few years:
"Real estate always goes up!"
"Subprime is contained!"
"There is no housing bubble!"
"The recession is over!"
Substitute the names with our current group of clueless leaders and you could have published the same cartoon in this week's Chicago Tribune and no one would have batted an eye.
I was hoping that we would have learned from our mistakes. Apparently Not: