Originally Posted by
madscientist
Terrorist attacks jars the nation. It unites the nation, if only for a moment. Even a radical leftist like myself wanted to go "over there" and spray some bullets. All airplanes are grounded, and Wall Street is closed for a week. After Wall Street opens, there is a massive sell-off that continues until December. Anthrax attacks hit Congress and many other places. Finally, in October, we fight and win against Afghanistan. The USA PATRIOT Act is passed unanimously through Congress. Conflict between Israel and Palenstine makes the news. In December, an event brings India and Pakistan close to nuclear war. Finally, in late spring, the weather seemed to improve. The fear was waning, and the economy looked to be on the way up. Then in June, several corporate accounting scandals again jarred the nation. The mood quickly turned back to grim. The stock market experiences another sell-off that lasts until August. In November of 2002, a national election thrusted Republicans in congressional power. This event causes the Democrat base to attack the party for being too weak, and not having enough balls to do what is needed. This event catalyzes an insurgency lead by Howard Dean, whose campaign is almost entirely driven by the fans. He is able to build large crowds, and inspire civic action in others to drive his campaign. In the opening years of 2003, in both America and the world were massive mobilizations against the Iraqi War, and ones for it. Deflation fears begin to rise. During the second half of 2003, people perceived that a "perfect storm" was forming that was being blamed for the current state of government budgets and for pensions. Then there was the Recall Election. As 2003 drew to a close, people began to worry about a dollar whose fall seemed to be accelerating. And today, the worries are growing as commentaries are now stating that there is no end in sight for the falling of the dollar, that the fall is accelerating, and worries about a crash. The deficit is ballooning, which is causing more and more jitters, especially at a time of budget shortfalls. And Boomers continue to become more and more jittery, which causes me to think that a large economic shock (a leg of the Great Devaluation) is on the doorstep.