Great Vocal Majority Podcast

The Great Recession of 2008 and 2009 represented the greatest threat to the economic system since the Great Depression of the early 1930s.  While the recession of 2008 and 2009 did not ultimately have the same disastrous impact on the lives of Americans, the pain of the economic downturn has lingered.  Most Americans still do not feel the recession is really over, even five years after it officially ended. What were the causes of the 2008 meltdown?  Were there warning signs?  Why did it seem like all the experts were so surprised? In this podcast, Tony talks about the ultimate cause of the Great Recession.  Not all experts were surprised.  In fact, there were many warning signs.  Policymakers were alerted, but the warnings were largely ignored or shouted down.  In the end, it was all about politics and market interventionist policies, which set the predicate for the worst economic disaster in nearly a century. But the scary thing is, was that experience enough to motivate policymakers to change government act