Unemployment OVER 10%

[Ron61]

Ernie,

The numbers are great for applying at the time of a crisis but are not that good for comparing to things many years ago. The population is much greater now than it was in the 30s and 10% of the employable work force now is a lot more than it was back then. And since during the Great Depression if I recall correctly, Roosevelt was both hated and admired. His ratings would have been low when it started and high when it ended because he served so many terms he basically went through the worst and best of it. And as I have stated before, whichever administration happens to be in power when the economy crashes gets the blame and the one in power when it recovers gets the credit. It was far past due for a correction as houses and everything else were so over valued that it was going to collapse of its own weight and then it would have turned around. I think this administration has helped, but they did not turn it around on their own.

Things around here are starting to look up, but all of the places have said they will not hire back all the people they had to let go. I have a feeling this may also happen in a lot of other states and places. That and the amount of people who have drawn their unemployment insurance out and are no longer counted as unemployed have helped lower our figures from just over 14% to around 12%.

Ron