I know, it is definily time to give up all hope. this is the panic of 1893, 1907, tulip panic, dot com bubble, crash of 1987 and that small matter in 1929 combineded.
at least the 1987 one was instructive for me in my teens, as an awakening regarding the use of national economic health news for political ends. this area was certainly loaded with hardcore leftists then as now, and so the events of day were attributable to nearly a decade of Reaganomnics, as their scuttlebutt had it, of course. More government spending was needed.
The McLaughlin Group: a locally produced punditry show tried to do damage control I recall. as a portion of wiki has it about the show:
"Journalists James Fallows and ex-McLaughlin Group panelist Jack Germond opined that the show gloried too much in sensationalism and simplification, to the detriment of serious journalism.[4] Ronald Reagan, while in office as U.S. president, once referred to McLaughlin and his group as taking the traditional Sunday morning talk show format of a moderator with a group of journalists and turning it into "a political version of Animal House."[5]
Despite the president's remark, Christopher Hitchens wrote in 1987 that The McLaughlin Group was firmly aligned with the Reagan administration. Not only did it accept all sorts of preconditions for access to official guests (servitude Hitchens attributed to all major political talk shows of the time), it actively assisted the White House – McLaughlin's wife Ann served in the cabinet, and Pat Buchanan was "hired straight off the set" to be Reagan's director of communications. As for McLaughlin himself, Hitchens said, "he likes to canvass all opinions from the extreme right to the moderate right".[6]"
and page 136 domination
