What’s ill-informed about it? Heavy on insults, light on facts is not a good debate technique.
Here's what you said:
As for what is going on now (assuming you are speaking of the economy), it is not as bad as the 70s or the 30s.
Without rolling up my sleeves and posting links to statements by well-qualified economists on this subject, I'll just say that there's so much solid information about the US economy posted here daily, that even someone who only occasionally peruses those articles, should have a greater than average understanding of the dire situation we're in today.
To begin with, the current administration has accumulated as much (or more) debt, than all of the administrations that preceded it. They've put this country on a rocket ride to total financial collapse. Unemployment is at near-record highs - only masked by the manipulative lies of the administration and their lap dog press. Consumer confidence is at an all-time low, and the housing market is practically in a state of apocalypse. Gold is at record highs, because the Fed has nearly burned up the printing presses. Debt to income ratios for families and businesses are also at record highs.
That's just a generalized thumb nail, tip of the iceberg sketch of our current economic situation, but it's borne out by the thousands of excellent and factual finance articles which have been posted here since Obama took office.
Hopefully, that explains my surprised reaction to your earlier comment. We're most definitely worse off than we were in the 70s, and in some ways, even worse off than we were in the 30s.