"The U.S. economy remains almost comatose....The current slump already ranks as the longest period of sustained weakness since the Great Depression....Once-in-a-lifetime dislocations...will take years to work out. Among them: the job drought, the debt hangover, the defense-industry contraction, the [banking] collapse, the real estate depression, the health-care cost explosion and the runaway federal deficit."



This quote is from Time magazine...September 1992. Is it just me or does this sound really familiar?

 


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