Replies

“we avoid another 1930s scenario.”
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I suspect that in many ways things are already WORSE than the 1930s, reports indicate that REAL unemployment is actually comparable to that period. We have forty some million on food stamps, imagine if that group were going to public soup kitchens, it would look as bad as it really is! We also have “Obamavilles” starting up in many areas where homeless people live in parked vehicles or tents. Then there is the matter of people back in the thirties having far more knowledge and ability to get by on very little compared to today’s population. Many today would starve under the same conditions in which people of that era simply tightened their belts and kept on keeping on. They were used to struggle long before the depression started. I was born in 1944 and most people today would give up if they had to face the conditions in which my parents thrived and raised four healthy sons. How many today can imagine having their children still in grade school pulling a two man saw to cut firewood?

All the obama administration’s book cooking cannot change the fact that TOTAL NATIONAL WEALTH is shrinking, numbers can be manipulated but that fact cannot be.

Jobless claims at 3.5 year low (drops to 366K)

This is a fraudulent claim. That is, three and a half years ago there were millions of more jobs in the U.S. economy than there are now. 366K/number of jobs then is a much smaller number than 366K/number of jobs now. So if 366K is held constant while the total number of jobs decreases, then 366K becomes an increasingly bad problem. To say that joblessness remains unchanged because the number of claims remains unchanged is simply false. The proportion of people of people losing their jobs grows as that number stays constant against a shrinking number of jobs. For instance:

366K jobs lost/36,600K total number of jobs = 0.01 or 1%
366K jobs lost/3,660K total number of jobs = 0.10 or 10%
366K jobs lost/366K total number of jobs = 1.0 or 100%