Obama and his progressive regime just increased the size of government (spending) by 20 percent last year. They need to let the Bush tax cuts continue and reduce the size of government to at least back to 2008 levels with further reductions in the near future. That’s the tried and proven way to grow the economy.
What is on that one page in Out of Work that could change people’s minds? Just a simple table, giving unemployment rates for every month during the entire decade of the 1930s.
Those who think that the stock-market crash in October 1929 is what caused the huge unemployment rates of the 1930s will have a hard time reconciling that belief with the data in that table.
Although the big stock-market crash occurred in October 1929, unemployment never reached double digits in any of the 12 months after that crash. Unemployment peaked at 9 percent, two months after the stock market crashed — and then began drifting generally downward over the next six months, falling to 6.3 percent by June 1930.
This was what happened in the market, before the federal government decided to “do something.”
Check out the table at the link. Pass it around your email lists. Send it to talking heads. Never surrender.