"Crisis, what crisis?"
These were the infamous words that led to the Labour government's collapse during Britain's 'Winter of discontent' in 1979.
Although the phrase were apparently cooked up by a tabloid journalist, rather than spoken by the then prime minister Jim Callaghan, the sentiment itself has been levelled at governments all over the world plus a growing number of corporations.
In essence, it indicates a head-in-the-sand 'strategy' by senior politicians and executives to ignore what everyone else can see as clear as day, in the hope that it will either go away or be replaced by someone else's headline grabbing misfortune.
It was a lot easier in the 'bad old days' to spin, obfuscate or simply ignore bad news.
Not any more.
As is evidenced in the presentation by PRecious Communications' presentation, governments, organisations....and even individuals have got to adopt a new approach in the new age of social media.
Nothing gets citizens as hot under the collar as how the government - any government - spends their hard earned money.
And nowhere in the world do voters voice their anger on federal financial foul-ups as vocally as in the good old US of A.
Results from a recent Reason-Rupe poll indicates that 76% of Americans believe that their government spends too much money.
This shouldn't come as a big surprise, given the fact the recession, ignited by the sub-prime scandal of 2008, is still biting into household budgets, right down to the bone.
Nobody could argue that running the world's most powerful country is easy - or cheap; it definitely isn't.
But how many successive politicians who have successfully persuaded the electorate that the economy would be safe in their hands have made good on their promise?
Today's infographic from Accounting-Degree.info exposes a brief history of America's fiscal fandangos.
Thoughts on customer service, communication and, of course, reputation management.