The Great Depression 2

From americanthinker.com - The Great Depression's harshest rebuke is not that it was relentlessly bad; it's that periodic good news always ended up turning worse again, like a false summit. The persistent reappearance of bad news in the 1930's directly correlates with investor uncertainty created by Roosevelt's incessant meddling. In short, it took a disastrous and transformative presidency to make a "depression" out of "recession" -- even if not all months, quarters, and years were uniformly bad. Today, just as then, almost one in four working-age Americans (or non-citizens, who also must be counted since they are part of the available work force) are unemployed. This 25% estimate includes those who previously were not in the workforce but who are looking now, presumably out of hardship. Tending to confirm this, a recent household survey found 22% unemployed. Conversely, the latest United States Bureau of Labor Statics (BLS) report puts the number at 9.9%. The disparity arises because the BLS number counts individuals receiving unemployment checks. No check? Not counted. More here

The Great Depression 2