Ovid (publius_ovidius) wrote,
Ovid
publius_ovidius

Those Who Ignore History, um, uh, Can't Get Fooled Again!

So let's see if I can sum this up:

  • A war widely considered to be illegitimate.
  • Illegal wiretapping.
  • Illegal attempts to influence the Presidential election.
  • Rising oil prices causing economic hardship.
  • Followed by a stock market crash.
  • Which leads to a world-wide recession.

Does that sound familiar? It should. This was all back in 1972-74.

  • A war widely considered to be illegitimate (Vietnam).
  • Illegal wiretapping (Watergate).
  • Illegal attempts to influence the Presidential election (Watergate).
  • Rising oil prices causing economic hardship (1973 oil crisis).
  • Followed by a stock market crash (1973-74 stock market crash).
  • Which leads to a world-wide recession (1973 - length varies by country).

As a side note, neither the US or UK saw their economies recover to pre-1973 levels for over a decade. Messing about with the global economy can hurt!

As a creepy aside (there's a terrible pun there, but moving along ...), I find it bothersome that one individual who features prominently in the Bush administration and who was also possibly involved in the Watergate scandal is none other than Karl Rove. We have truly learned nothing.

Tags: politics
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