Posted on 10/14/2015 9:14:02 PM PDT by Vision Thing
BEGIN TRANSCRIPT
RUSH: I mentioned to you last week that I had a story about how what we are living through right now is actually worse than the Great Depression and why nobody knows.
I went back to my archives, and I got that story, and I have it here. Open borders, bigger government, free college for everybody. How many people already have free college by virtue of having their student loans forgiven or what have you? Everything these people have tried has not worked, so they want to try even more of it. "Bigger welfare state. Get rid of the guns, no oil, no banks." Really? That's what the Democrats in the sixties were talking about when they were protesting Democrat Party convention in Chicago.
This is so old, it's predictable; I don't even have to wait for these people to say it in a debate. You know what they're gonna be. Trump, Carson, Fiorina, where are they today? I am serious. Where are they nuking this stuff? Well, they're running in opposition to it. (interruption) That's why I'm asking. They're running for president. Their points last night put their agenda forward. Are you telling me you're not gonna spend any time obliterating it?
Jim Quinn, The Burning Platform blog. We find everything here, folks. "Why This Feels Like a Depression for Most People." You read this, and you can figure out why the Millennials are weird or strange or feel that way, because they have come of age in a depression that nobody will call that. Now, none of this in this story is new to those of you who have been regularly listening to this program. But it is well thought out and presented here. I found at the Zero Hedge blog.
"Everyone has seen the pictures of the unemployed waiting in soup lines during the Great Depression." Wait. Should we make that assumption? Do you think everybody has seen those pictures? You have, so you think everybody else has. Yeah, I've seen 'em. You know those old black-and-whites with men standing in soup lines with hardly any clothes, and it's freezing cold. All these black and white still shots. Some film. You've seen it, right?
"Everyone has seen the pictures of ... the Great Depression. When you try to tell a propaganda believing, willfully ignorant, mainstream media watching, math challenged consumer we are in the midst of a Greater Depression, they act as if you’ve lost your mind. They will immediately bluster about the 5.1% unemployment rate..." A depression? What are you talking about! See the unemployment rate? It's 5.1%.
They'll tell you about "record corporate profits, and stock market near all-time highs. The cognitive dissonance of these people is only exceeded by their inability to understand basic mathematical concepts" involved. "The reason you don't see huge lines of people waiting in soup lines during this Greater Depression is" why? Let me just ask you, and let me give you a number. Do you know what the number...? At the peak of the Depression, at the height, do you know what the number of unemployed were?
Now, granted, the population of the country was less than it is today. There were 12.8 million Americans unemployed during the Great Depression. These were the men pictured in those soup lines. Today, there are 46 million Americans unemployed, and 94 million not working. Now, these 46 million people, these are the counted unemployed. This is the U-3 number. The counted unemployed represent 14% of the population. There are 23 million households on food stamps. There are 123 million households in America and 23 million of them are on food stamps. Therefore 19% of all households in America require food stamp assistance to survive.
In 1933, there were approximately 126 million Americans living in 30 million households. The government did not keep official unemployment records 'til 1940, but the Department of Labor estimated 12.8 million people were unemployed during the worst year of the Depression, or 24.9% of the labor force. We have the lowest labor force participation rate since 1977 in the country today. Sixty-two percent of the labor force is working; 38% not working. I'm gonna stop with the numbers 'cause numbers get confusing to keep track of when you're hearing them and you don't have them in front of you to look at. But why do you not see any soup lines?
What's the difference between 1933 and today? Well, obviously, 1933, there were no food stamps. In 1933 there was no welfare. In 1933 there were no welfare debit cards. In 1933, if you were out of work, you didn't eat. You had to stand in the soup line and depend on charity. In 2015, you can be among the 94 million not working and have a roof over your head, have a cell phone, a car, your home is probably air-conditioned, and you're eating as much as you want.
Twelve million unemployed people standing in soup lines gave us these horrible pictures of the Great Depression. Today, the numbers of people out of work dwarf even when you factor the population difference. Far more people are not working today than during the Great Depression. We are $18 trillion in debt today, too. We are paying people not to work. We are paying people comfortably not to work. This is why I keep making the point, 94 million Americans not working but they're all eating. It does matter. "What, do you want people to starve?" No, that's not the point. Don't get sidetracked here.
If you can eat and have a house and a big screen and a cell phone without working, who in the world is paying for it? Back during the Great Depression, if you couldn't pay for it, you didn't have it. And that's why parents and grandparents of yours who lived during the Great Depression are so scared that another one would happen. That's why they're so hell-bent on everybody going to college and getting an education, because that was the key to not being fired. That was the key to having a job so that you could eat.
My parents and grandparents could not imagine being paid not to work by the government. They feared it. They thought it would be disastrous. So here comes the Democrat Party last night promising even more for people that don't work, can't work, are not qualified to work, not very skilled. They become the champions. They become the number one constituency group for the Democrat Party. They and their rich donors.
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I sold a third of my stock portfolio after obama won in Iowa over hillary, then I sold everything else when he won the presidency. Saved so much of my net worth with those moves.
Consider yourself and your family fortunate, but please pray for the millions who are less fortunate. I know too many who are less fortunate but would like to work their way out of it, sadly with no good results.
I’m not saying those in the Great Depression were lacking in distractions, but they had nowhere near the amount of distractions we have nowadays: mobile phones, youtube videos, hundreds of cable channels, twitter, instagram, laptops, tablets, yada yada yada...
I know. It is a shame that the government can’t work together to fix this. I mean less taxes, less government regulations, so much could be done but nobody wants to do anything.
I have a friend who just moved to your great state of Texas. Somewhere near Wichita Falls. He like it and loves the people.
My mother was born near Lubbock.
Yes, Rush has been great for all of us and great for America.
Depression?
Please read what Rush said again.
We must all count our blessings and be grateful to God.
Something tells me the PTBs forsee how we and they are all screwed, and they’re just getting theirs before it all comes tumbling down. They act like they have no optimism in people and the future. It’s one reason why I am enjoying Trump’s campaign: He is daring to be optimistic.
Well of course. But I don’t raise my family to believe in doom and gloom especially when it is not valid. Life is fantastic and constant negativity is not healthy for anybody.
I do like his optimism. Too much doom and gloom when not reality is not good.
Thanks for the data and link.
While Rats generally and Omumba in particular have exacerbated the situation the trend is likely more secular than that. So many classes of jobs have been eliminated by technology - I won’t list them all. People have been predicting for a very long time that there would less need for labor as technology marches on. Of course to some degree new jobs replace old ones but I think we’re long past the point where it’s a one for one exchange. Undoubtedly Rat policies have put millions out of work and kept millions more from coming back but the problem is not purely one of policy I don’t think.
it has more to do with the fact that we have lost our voting rights and the crooked elitist have got control of the worthless rabble and there is no stopping them...
"people" voted for this....these are the people I fear....
Rush is right, of course.
He should add that the reason the kids don’t know it is that the press has become so corrupt that they never tell the truth anymore.
And Obama.... fuggedaboutit.
What is the definition of a depression? In economics class they will tell you a long period of depressed growth. When’s the last time the economy grew at above 3 percent? We are growing half of that. There are 4 million people who lost their jobs in late 2008 and 2009 and haven’t been able to get back in their careers and make decent money. I know a a few and until the last year I couldn’t get a look by anybody. RECRUITERS TREAT YOU LIKE YOU HAVE EBOLA! I worked odd jobs to survive, traded stocks....my ex wife wouldn’t let me see my son..I know many..and I’m educated..but I worked in technology..once your out of work your skills are gone.. New software.,etc..and now your uP against all the HIb visas which companies are giving out like candy
ANd if you don’t and got through it your lucky....or have your head in the the sand. This post is a reply to everybody not just one person.
This economy is nowhere where it should be ..and its planned this way by the leftist elitist so..they want more depression and depressed growth..
The mile nails just accept this is the way it is...and its disgusting they don’t look at their leftist hero and give him any blame..but they just think this pathetic economy is just the way it is..
And if if Hillary is elected..we will have a currency collapse..then you will see the riots..it may be too late anyway
I don’t assume young people don’t know something’s wrong; they certainly know there is limited opportunity for them. Every day they watch TV shows and commercials showing a standard of living and products they will never afford. Buying a home, new car, or having a family are beyond their reach - and they obviously know it because it flows through the statistics. Nobody is building homes in my area anymore (with the exception of hives for childless couple); my town recently faced a real setback when there weren’t funds available to build a dog park (for the last generation of “Americans”...
Bookmarked!
Thanks for posting this!
My thoughts, exactly.
But we must not dismiss reality and what others are experiencing.
I now a liberal who only sits up and takes notice when something affects him negatively. I told him he is very selfish.
I’m glad things are going well for your family but I would hate to be a young person starting out today. There are plenty of people still living off their parents at an age when many of my generation were celebrating their first grandchild. Yes, in reality this country is in worse shape than during the thirties, we just don’t want to admit it.
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