Like the '29 Crash

Submitted by jd (United States), Sep 9, 2011 at 22:09

When the market, and economy, crashed in 1929, the Fed raised interest rates and let the banks fail. There was no FDIC for depositors. It has taken at least a half century to understand economics enough to prevent another full-blown depression, and we are still learning, and may yet have a depression.

When 911 hit, Islam was very much a peripheral subject, and President Bush could only speak about it in platitudes (The Religion of Peace). Things are no better under Obama, but politicians aside, the public is slowly but steadily climbing the learning curve. Be patient, some day guys like Dan Pipes and Robert Spencer will be the norm.

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