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Thursday, November 12, 2026Nov 12

Opinion: ‘Never let a serious crisis go to waste’

File photo/Aaron Nesheim/The New York Times / The Minneapolis Police Department Third Precinct Headquarters sits vacant at the intersection of Lake Street and Minnehaha Avenue in Minneapolis on May 28, 2020. Minneapolis is where the defund-the-police movement took off after the murder of George Floyd at the hand of a police officer.
File photo/Aaron Nesheim/The New York Times / The Minneapolis Police Department Third Precinct Headquarters sits vacant at the intersection of Lake Street and Minnehaha Avenue in Minneapolis on May 28, 2020. Minneapolis is where the defund-the-police movement took off after the murder of George Floyd at the hand of a police officer. File photo/Aaron Nesheim/The New York Times / The Minneapolis Police Department Third Precinct Headquarters sits vacant at the intersection of Lake Street and Minnehaha Avenue in Minneapolis on May 28, 2020. Minneapolis is where the defund-the-police movement took off after the murder of George Floyd at the hand of a police officer.

The post-Joe McCarthy era and the candidacy of Barry Goldwater once prompted liberal political scientist Richard Hofstadter to chronicle a supposedly long-standing, right-wing, “paranoid style” of conspiracy-fed extremism.

But far more common, especially in the 21st century, has been a left-wing, hysterical style of inventing scandals and manipulating perceived tensions for political advantage.

Or, in the immortal words of former President Barack Obama’s chief of staff, Rahm Emanuel, “Never let a serious crisis go to waste.”

The 2008 economic emergency crested on Sept. 7, with the near collapse of the home mortgage industry.

Obama took office Jan. 20, 2009, more than four months after the meltdown. In that interim, the officials had finally restored financial confidence and plotted a course of economic recovery.