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To: elbook
WRONG. It happened under the Obama regime. ....People were out of work for so long they used up their ‘unemployment’ (99 weeks max?) and were still not working. ....The statistic quoted (that 5% etc..) is meaningless when it come to expressing how MANY people are actually ‘OUT OF WORK’. .....The real statistic (never quoted) exceeded 25% during the Obama years -— 25% which is the threshold measure of ‘a DEPRESSION’People were out of work for so long they used up their ‘unemployment’ (99 weeks max?) and were still not working.

They 'still weren't working' because the vast majority of them didn't want to work. Obama was their enabler. He was buying their votes using other people's money. They were on an extended vacation, for the most part. They were deadbeats sponging off the rest of us, and we paid for their extended vacations. They were able-bodied but the benefits were just enough for them to sit in their mom's basement and play video games instead of work. And of course after 99 weeks (an insanely long time to be on welfare) they applied for disability. And the numbers of people on disability spiked.

Trump forced and tempted them off welfare. He created job opportunities by getting government out of the way. He opened up energy sector jobs by the hundreds of thousands. He brought back jobs from China. He renegotiated trade agreements with spectacular results. People are happier when they are working, they have dignity. And they get promotions. They move up the social and economic ladder, something that is obviated if they are welfare kings and queens, stuck on a low government stipend. I agree Obama did kill jobs with his insane agenda, but it didn't rate a Depression.

Even a "recession" technically requires two consecutive quarters of negative growth. We had very slow growth under Obama and he worsened the financial crisis that happened just before his time but the Fed bailed him out with QE1, 2, etc. to prop up his regime.

We are not in a Depression, and we won't be. We have the best people seeking out and implementing the best solutions, with extraordinary private sector cooperation (not nationalization, as a Democrat would have tried).

For a simple primer on the Great Depression in graphic form, watch the movie "The Grapes of Wrath" starring Henry Fonda. There is also a newly published book "The Forgotten Man" that addresses the subject well, judging from the reviews. I just started it.

75 posted on 03/30/2020 3:41:40 PM PDT by zipper (In their heart of hearts, all Democrats are communists.)
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To: zipper

Copper as an important indicator seems to be saying recession, but not depression - yet. If copper hits $1.50 then we are getting at least the great recession of 2008.


78 posted on 03/30/2020 3:45:48 PM PDT by Sam Gamgee
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