Actually, you and I are together on economics not being Rush's strong point.
I got this wrong though; what really happened was that some CNN economist was saying that it's a "lie" to deny that things weren't as bad as the Great Depression. Rush pointed out that not only were today's gdp numbers not as bad as '82, but that in '08 the gdp actually grew. It's amazing but what we got is an entire year of an official recession where the gdp grew.
Yeah - we didn’t know how good we had it back in March after BSC failed and the market rallied *sigh*
Seems like the good old days :)
I do dislike it tho when Rush doesn’t temper these kind of statements with what’s going on in the last qtr to today. He comes off looking like a fool.