|12-11-2014, 03:28 PM||#1|
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The Economy Is Worse than During the Great Depression
Source: Washington's Blog
Underneath the Propaganda, the Economy Is In BAD SHAPE …
We noted in 2013 that the British economy is worse than during the Great Depression.
The Washington Post’s Wonkblog pointed out in August that Europe is stuck in a “Greater Depression” … worse than the Great Depression.
Well-known economist Brad DeLong agrees. As does Paul Krugman.
Historian, economist and demographer Neil Howe provided the following charts via Forbes last month, showing how dire the situation is in Europe:
The chart for the U.S. doesn’t look as bad …
But as Howe notes:
These figures don’t mean that the Depression was definitely worse. Though it was deeper, it … likely will be shorter than the Great Reces*sion in the United States. The recovery in the ‘30s occurred much faster than it has in recent years.Indeed, Pulitzer prize-winning economic reporter David Cay Johnston showed last year that Americans bounced back faster after the Great Depression than the “Great Recession”.
As we pointed out in 2012, the much-hyped “recovery” may be a myth:
What Do Economic Indicators Say?And Europe is doing all of the wrong things, as well:
If a patient is bleeding out, doctors have to suture the wounds before they decide whether to give more blood or to taper off the amount of transfusions.
MAKE AMERICA STRAIGHT AGAIN BLACK CRIMES MATTER
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Good times create weak men. Weak men create bad times.
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