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Rahm Emanuel reportedly has a doctrine: Never let a serious crisis go to waste. His point is a good one - vested interests usually block change across a wide range of important issues in the US, and a major financial/economic crisis provides an opportunity to bypass or breakthrough those interests in order to introduce meaningful and substantial change.
The Crisis Is Over, And We Wasted It « The Baseline Scenario I’d cross my fingers for this being an artificial upturn if it weren’t for friends drastically impacted by the crash as it currently stands. If this isn’t the wrecking ball we needed, I don’t want to be around for that one.
