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InvisibleaDoS
freedom lover
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Registered: 06/18/05
Posts: 7,590
Loc: land of the free
why is the current economic recession even compared to the depression in the 1930s?
    #9750329 - 02/06/09 03:24 PM (15 years, 1 month ago)

The current unemployment rate, is roughly 7.6%. The unemployment rate during the great depression, was around 20%. And there were tent cities because of it.

I think the current economic recession is more related to the recession in the 1970s.


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"If we could sniff or swallow something that would, for five or six hours each day, abolish our solitude as individuals, atone us with our fellows in a glowing exaltation of affection and make life in all its aspects seem not only worth living, but divinely beautiful and significant, and if this heavenly, world-transfiguring drug were of such a kind that we could wake up next morning with a clear head and an undamaged constitution - then, it seems to me, all our problems (and not merely the one small problem of discovering a novel pleasure) would be wholly solved and earth would become paradise." - Aldous Huxley
:drooling:GIVE ME OPIATES OR GIVE ME DEATH:drooling:

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InvisibleHendostan
I'm a teapot


Registered: 07/18/04
Posts: 4,444
Re: why is the current economic recession even compared to the depression in the 1930s? [Re: aDoS]
    #9750454 - 02/06/09 03:46 PM (15 years, 1 month ago)

it is much more like the late 70's/80's recession, i just think there's a fear that it could slip into something resembling the depression-era breadlines and tent cities

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InvisibledeCypher
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Registered: 02/10/08
Posts: 56,232
Re: why is the current economic recession even compared to the depression in the 1930s? [Re: aDoS]
    #9750457 - 02/06/09 03:47 PM (15 years, 1 month ago)

I automatically distrust any economic judgments that are made by Ronald Reagan.


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We are all in the gutter, but some of us are looking at the stars.

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InvisibleLe_Canard
The Duk Abides


Registered: 05/16/03
Posts: 94,392
Loc: Earthfarm 1 Flag
Re: why is the current economic recession even compared to the depression in the 1930s? [Re: aDoS]
    #9750588 - 02/06/09 04:09 PM (15 years, 1 month ago)

We had a bad one the early 80's too. And a minor one in the early 90's. We got over those, and we'll get over this one.

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Offlineunretarded
Tick and poisionoak collector
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Registered: 02/20/08
Posts: 4,401
Loc: Cali
Last seen: 8 years, 10 months
Re: why is the current economic recession even compared to the depression in the 1930s? [Re: Le_Canard]
    #9750618 - 02/06/09 04:12 PM (15 years, 1 month ago)

It all sounds great ,untill your begging with a soup can ,lookin to get one meal for the day.


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I love our leaders and the feds ,they are great people and the laws they make help us!:rofl2:

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