The New Great Depression

Nov 25, 2009 18:46

Thanksgiving is a time to be thankful. It's hard to be thankful this year. The government says we are not in a depression. They didn't call the great depression a depression until years later. They say we haven't met certain criteria that makes this a depression instead of a recession.

During the depression the unemployment rate was at 25% estimated here in the United States. Today the government says we are only at 10.5%. Yet that is only the people who receive unemployment compensation. What about all the people who have rolled off the roles. Those people who have been looking for jobs for years. Aren't they considered unemployed? Not by our government. I know at least 4 people who have been actively looking for work for more the 2 years. I know many more people that have just given up. Do they count as unemployed? I have heard as a conservative estimate of 18%. That's almost to the 20% at the official beginning of the depression. There are more people out of work now then during the depression.

The start of the depression was when the banks went under. Well isn't that what happened again? No this time the government bailed out the banks so they wouldn't go under. They used our money to save the banks. This put the government trillion dollars in debt. That's trillions of dollars the government owes us. I would have much rather had had the money come to me then a bank. So the banks didn't go under we are not in a depression.

The stock market didn't plummet like the great depression. Yes it did. It was just hiding behind the banks being bailed out. So the government can lie to itself and say hey we are not in a depression. As long as it can keep waving this banner of hope then the economy is not as bad as it seems.

One of the significant things about the depression was agricultural prices plummeted by 60%. Wow if that were the case I might be able to by some produce. The price of lettuce has risen in the last year almost 300%. What I wouldn't give for a fresh salad or some fruit. I used to be able to buy a 5 pound bag of potatoes for $1 now it only buys me 4 potatoes. During the depression they were throwing potatoes away.
Its really sad that food that is natural made and good for you is so expensive and only the rich can afford it.

The government has said that they will not give those on social security a cost of living increase this year. I would like to know what they base this on. My rent went up. The cost of food doubled. The utility company just asked for there third increase in two years. So I want to know where the cost of living didn't go up.

I guess if your rich and have a good job or your a politician you don't notice these things. You don't notice that more and more families are homeless then ever before. By all means, people want to be homeless. They don't notice that food banks are running out of food. In Colorado Springs alone they estimate there are 40,000 homeless people. These are people living in shelters (of which there is no more room), couch surfing, living with other family members, living in cars, living in tents in the mountains, living by rivers, and living under underpasses and bridges.

The economic standards may not have been met to call this era a depression by the government number crunchers. Just look around see all the people out of work, see all the homeless see all the hungry people, and you will know the truth. Maybe when they open there eyes and admit the truth then can then start doing something about the problem.
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