I agree with Glenn that we’re already in one. Politically, the question is what will be the state of the economy going into the election a year a half from now>
As Bernstein points out in his book, America’s official system of racial classification is absurd, and should be pointless and play no role in government policy.
My biggest fear is that if they can’t play in the sandbox, they’ll crap in it, which they are perfectly capable of doing. It’s always much easier to destroy than create, which is what they’ve been doing in Ukraine.