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obama's recession is not as bad as the great depression.
yet. there are still jobs openings to replace people who are needed, but no new real jobs are being created overall. and while the "official" unemployment number is 9.6%, the real number is close to 17%. during the depression the real unemployment number was around 25%.
there is still time to prevent another great depression, but we need to start very soon reversing current trends.
Many Americans are saying the economy is in worst shape and it's like the Great Depression. Now let's take a look at this. Businesses are leaving, the unemployment rate is extremely high, people are coming to the USA from other parts of the world, more racial tension and distrust, people desperate for money, business owners going broke.
It does look like the late 1920s and 1930s are replaying themselves, don't they? Is it worst than the Great Depression?
It's not WORSE, because FDR put programs in place during the Great Depression that exist today (Social Security, TVA, etc). But its really BAD right now.
What we need is more courage from President Obama to implement another New Deal, but more of a Green Deal, to start America moving again on a national scale for new job growth, self-sustainable clean energy, and a vibrant new green economy.
It's not WORSE, because FDR put programs in place during the Great Depression that exist today (Social Security, TVA, etc). But its really BAD right now.
What we need is more courage from President Obama to implement another New Deal, but more of a Green Deal, to start America moving again on a national scale for new job growth, self-sustainable clean energy, and a vibrant new green economy.
green job economy? really? have you checked out what spain did? for every green job they created, the lost two regular jobs. sorry our unemployment rate is high enough already. i do agree though that we need green technologies incorporated into our economy, but it needs to be done through the private sector, not by government. as for obama vs FDR, the big difference between the two and their big spending, FDR concentrated on jobs, and building the infrastructure, obama has funded every liberal wet dream program he could get away with, without thinking about creating jobs. the unemployment rate went down under FDR consistently until the government spending stopped, while the unemployment rate under obama has gone up fairly consistently.
also note that all the programs set up by FDR had true bipartisan support, where as obamas programs have had only a few token republicans supporting them, those republicans are pretty much gone in november.
had obama really put in place a stimulus plan that really did improve the infrastructure, repairing bridges, roads, dams, upgrading the electrical grid, etc. then i would have had no objection to that spending, but come on, frisbee golf courses? really?
It's not WORSE, because FDR put programs in place during the Great Depression that exist today (Social Security, TVA, etc). But its really BAD right now.
What we need is more courage from President Obama to implement another New Deal, but more of a Green Deal, to start America moving again on a national scale for new job growth, self-sustainable clean energy, and a vibrant new green economy.
If things keep going this way, then it will get there. My grandparents said that they did just fine because they lived on farms. So they could take care of themselves. The Great Depression happened at a different time, so things would be bad in a different way. People did "ok" if they grew their own food, or made their own clothes, and of course, there was a lot less people then. The rich stayed rich, the poor died. Which is what would happen now a days. People are losing their homes, cars, etc,etc. In mass. Something that 2 years ago, you wouldn't have thought things would get this bad, because Obama promised that things would not get this bad, but they did.
Great Depression, no unemployment insurance, no COBRA, no AFDC, not social security. Workers didn't have the right to collectively bargain, forget about worker safety, loads of folks didn't have electricity until the TVA.
But then Frankin Roosevelt and subsequent Presidents both Republican and Democrat built a structure of social safety nets, much derived these days, in order to cushion the vicissitudes of economic downturns. Funny how some folks are insistent upon turning back the clock to 1929.
FDR finally got us out by entering World War II. Should Obama start a war to get us out? Oh, did you say we are already at war? Perhaps escalate the effort in Afghanistan to the point we can actually win! Another point: FDR didn't borrow from the Chinese, but sold war bonds.
Many Americans are saying the economy is in worst shape and it's like the Great Depression. Now let's take a look at this. Businesses are leaving, the unemployment rate is extremely high, people are coming to the USA from other parts of the world, more racial tension and distrust, people desperate for money, business owners going broke.
It does look like the late 1920s and 1930s are replaying themselves, don't they? Is it worst than the Great Depression?
Nope, there is no wide spread starvation nor is there any large scale forced migration of US citizens.
Nope, there is no wide spread starvation nor is there any large scale forced migration of US citizens.
Exactly.
Not being able to pay the mortgage on the single family "American Dream" home doesn't come close. We have a lot more excess these days than the folks who lived through the great depression did. Maybe it feels worse because of the "the bigger they are the harder they fall" rule.
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