2aguy
Diamond Member
- Jul 19, 2014
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9.9% unemployment is a "depression level rate??" So you're saying we were in a depression while Reagan was president (10.8%)? And you're saying we're in a depression now (11.1%)?LOLNBC is anti Trump and even they agree. Biden has been in Gov't for the past 40+ years, has zero business acumen and will not be seen as a business friendly president. Usually the economy decides the next President but this is an odd time with the virus. Should be interesting but those with 401Ks, you're voting against your self interests if you vote for Biden.
He will put us into a Great Depression......I don't know how we will get out of it.
The only reason why we got out of the Roosevelt Depression was that the Empire of Japan pulled a Pearl Harbor job on us in Hawaii. I don't know who will be lighting a bomb under America this time.
You dumbass, the Great Depression started under Hoover, not FDR; and it was over before the Pearl Harbor attack.![]()
The US unemployment rate in December 1941 was 9.9%, that a Depression level rate. Particularly, as a million able bodied men were conscripted into the military BEFORE Pearl Harbor.
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Historical US Unemployment Rate by Year
The unemployment rate has fluctuated greatly since 1929. Learn how GDP, inflation, economic events, and other policies have historically impacted unemployment.www.thebalance.com
If we continue to have high unemployment rates for a minimum of 6 months AFTER the pandemic, I'd call it a "depression".
And sure, the late 70's/ early 80's were depression
The key is that the economy hadn't recovered until after the Japanese bombed Hawaii. FDR's efforts at recovery were a complete failure.
The economy only recovered because the industrial base of the rest of the world was destroyed by the war and we had the only thing going........FDR would have kept us in a Depression for decades had he lived.