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Look out for bell bottoms…

November 19

and other signs of the 70’s returning.  Everywhere I read about the economy and news in general, I can’t help but be reminded of the 1970’s.

  • American auto makers in trouble, due to an over reliance on high profit gas guzzlers and not able to react quickly.
  • Involvement in an expensive and ultimately pointless war.
  • A republican president in the White House who should of been impeached for lies.
  • A deep recession looming with deflation or stagflation.
  • Heavy, almost constant losses of manufacturing jobs.
  • Heavy dependence of foreign oil.
  • Endless shipping jobs overseas.
  • On the plus side, we are getting back into space exploration, ironically with a space station in orbit and lots of planetary probes, much like the 70’s.
  • We had a very defining moment when Obama was elected, a point to be proud of, much like how we got mostly along in 1976 to celebrate the bicentennial.

I could go on, but the parallels are striking.  We survived the Seventies, I just hope we are not paralleling the 1930’s.  That didn’t turn out so good, since it took a World War to resolve those issues.  I think it feels more like a 70’s vibe, I just hope some roaring teens ala the 80’s  follow this malaise.

 

Posted by on November 19, 2008 in Uncategorized

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