Bloom County by Berkeley Breathed for October 15, 2013

October 19, 1987

4:20 am. Honesty? No.

4:20 pm. Pot? Yes please.

Your dad needs a cold shower, a stiff drink, and more stuffed animals, Binkley! Get to it!

Could happen again in a few days in Congress doesn’t get it together. There goes my 401(k).

Actually the strip is from November 19, 1987, a month after the fact. So it is no coincidence.

I was in HS when this happened and my teacher held up a paper with the headline about the market crashing and said “Anyone remember when we read ‘The Grapes of Wrath’?”

Wall Street don’t need no stinkin’ Guvmint regulatin’! Right?

Wait till Friday. It’ll be deja vu all over again.

Graduated from college the year after this, right into the middle of the George HW Bush Memorial Recession, seams like we’ve never really recovered entirely from that event.

“History doesn’t repeat itself, but it rhymes.”- Mark Twain

Rational people know that the stock market does not cause recession/depression. As Dr. Sowell reminded us with today’s column, the unemployment rate six months after the 10/1929 stock market crash was still 6.3%. It was only after rounds of tax increases, market regulation, trade restriction, and welfare increases that the depression got started. Sorta like now.

The road back, out of the ditch, is to reverse those four poisonous government steps.

Recall that after the 1987 crash, that devil Reagan did nothing and the economy soared, until the democrats raised taxes during the Read My Lips administration. And it did not really roar again until after NAFTA and the Bill Clinton tax reduction of 1997.