J
JAMESBJOHNSON
Guest
Sunday, the business section of the paper featured a contrast & comparison of now and the Great Depression.
Unemployment in 1930 was 8.7%, today its about the same...8.1% and expected to rise to around 10% this year
Deflation of the money occurred in 1930, its starting to happen now
Construction stopped in 1930, ditto now
Credit dried up in 1930, ditto now
The paper discounts the severity of our financial criss, insisting that Americans have access to welfare benefits that didnt exist in 1930. Not true. If you own anything at all you dont qualify for welfare. Most Americans were farmers in 1930, so even when food prices went to hell, you could still eat. Maybe 2% of Americans are farmers today.
Unemployment in 1930 was 8.7%, today its about the same...8.1% and expected to rise to around 10% this year
Deflation of the money occurred in 1930, its starting to happen now
Construction stopped in 1930, ditto now
Credit dried up in 1930, ditto now
The paper discounts the severity of our financial criss, insisting that Americans have access to welfare benefits that didnt exist in 1930. Not true. If you own anything at all you dont qualify for welfare. Most Americans were farmers in 1930, so even when food prices went to hell, you could still eat. Maybe 2% of Americans are farmers today.
