Indeed. As you say, a lot of folks did see it.

Lot's of folks love to dump on the regulations that FDR instituted back in the early thirties and howl "Socialism!!" And one of the major thrusts of the Reagan administration was to dismantle those regulations and controls. Anyone who wasn't into voodoo economics and the Great National Ponzi Scheme, and who had a sense of history, could well have predicted this--and some did.

I remember as a wee sprat hearing FDR's "fireside chats." One thing that gives me a tiny glimmer of hope is that Barack Obama talks a lot like FDR did back then.

We'll see. . . .

Don Firth