There is nothing new under the sun

Mark Twain once said that, “History doesn’t repeat itself, but it does rhyme.”  He must have known how to recycle ideas in a creative manner, as this is one of the most necessary tools of the journalism trade.  Turning the mundane into a headline has been a daily exercise for hundreds of years and this year was no different.  There were several references published in 2010 to a Time Magazine article which bemoans the pace of economic recovery:

“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.”

Clicking on this link will bring you to the full article that was published in September of 1992.

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