Yes, you understand this.
Very few people get it.
The vast majority of people look at “unemployment” during Great Depression and compare with “unemployment” today.
The vast majority of people most people do not know that they are looking at two completely different “unemployment” numbers. Two completely different ways of defining “unemployment”.
They do not know that they are actually comparing apples and oranges.
History will eventually judge Obama’s great recession as a much deeper and longer sustained GREATER DEPRESSION than the Great Depression. Obama will go down in history as one of the worst presidents ever! Very few people understand this today - now.
In 2008 Obama spent his time building Obamacare are instead of working on the economy. He did this as he had control of congress and knew when midterms arrived he wouldn’t. Meantime the economy tanked.
Not sure about that. Many lib acquaintances (I have no lib friends) assure me that Carter was our best President. I tell them “maybe yours... not mine.”
After eight years of continuous negative job growth, Trump has a big hole to dig us out of. The Great Recession started only after it became clear to the job creators that a communist was about to steal the White House (the scale of the election fraud in 2008 was massive), which caused a panic. OZero’s lead in the polls caused the recession and the financial crisis of 2008. And the economy just went farther down after that.
It didn’t help that we entirely stopped guarding the border and deporting illegals — and started passing out free computers, free food, free cell phones, free medical care and free housing to every one of them. Meanwhile, Ozero was openly building in time on his daily schedule for his Muslim prayers, something the compliant MSM refused to mention.
So far not longer sustained. We are only at 9 years now. The 30s Depression actually did not end until the Eisenhower recovery in the 50s. During the War we had Full Employment, but we were no better off economically than we had been before the war. The slogans were the same- “use it up,” “wear it out,” “make it do.” Everything was rationed because there was not enough to go around. We produced a lot more but it was production destined for destruction, to be blown up on the battlefield, to be dropped out of airplanes in a manner that did not add to the economy. That was tremendous amounts of product and services that were analogously dropped into the Dempsey Dumpster and did not increase the wealth of the workers who built it all. There were few fat people in the thirties or the forties.