Read time: 1 minute

Recessions We Have Known And Loved - 1975

(Elliot Janeway and Rep. Lee Hamilton - May 28, 1975) "I'm not a pessimist. What I try to do, in identifying real danger, is put forth ways and mea

(Elliot Janeway and Rep. Lee Hamilton - May 28, 1975)

"I'm not a pessimist. What I try to do, in identifying real danger, is put forth ways and means of turning them into false alarms."

Elliot "Calamity" Janeway, the man who repeatedly said over and over we were heading towards catastrophe, even in the 1970's when things were only moderately rosier than they are now. Joining him on this panel were Representative Lee Hamilton. This broadcast, from the long-running radio series "National Town Meeting" also featured Dr. Marvin Kosters and featured questions from the audience (which I had to leave out due to time constraints - it was an hour program). The questioning got lively and the fears were right out of the present. Janeway got the dubious moniker of "Calamity" because of his dire predictions - many of which turned out to be true. The Ostrich Theory appears to be timeless.

One wonders what he'd have to say now.

mac_cheese_ad_1975_copy_2_3cf50.jpg

(Things may come and things may go, but Mac and Cheese and Recessions just go on forever!)

Can you help us out?

For 17 years we have been exposing Washington lies and untangling media deceit, but now Facebook is drowning us in an ocean of right wing lies. Please give a one-time or recurring donation, or buy a year's subscription for an ad-free experience. Thank you.

More C&L Coverage

Discussion

New Commenting System

Our comments are now powered by Insticator. In order to comment you will need to create an Insticator account. The process is quick and simple. Please note that the ability to comment with a C&L site account is no longer available.

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.

Please Do Not Use the Login Link at the Top of the Site.

In order to comment you must use an Insticator account. To register an account, enter your comment and click the post button. A dialog will then appear allowing you create your account.

We will be retiring our Crooks and Liars user account system in January, 2021.

Thank you.
C&L Team