Keeping a little perspective

By Geert De Lombaerde Posted on February 10, 2009 at 9:43 pm

Tom Brown doesn’t like the latest political fad of talking down the economy.

For the record, the recession so far isn’t even as bad as the one that occurred in 1981, let alone as bad as the Great Depression. Yet the President flatly states that unless Congress passes his vast stew of a bill, the country will enter a period of permanent economic decline.

And for those folks cavalierly tossing around the word ‘depression,’ here’s a stat: Unemployment in the United States was still at 15 percent in 1940.

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Tags: Bankstocks.com, depressing comparisons, economy, employment, government stimulus  

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