Archive for November 17th, 2009

How To Survive The Great Depression II

The other day I saw story about how unemployment was really at 22.1%. That’s counting the ranks of the unemployed the way they used to, you know, back before they got all fancy about it and decided that if you were out of work but were fed up with looking that you no longer counted! To put this in historical context, during the Great Depression, the unemployment rate rose as high as 24.9 percent. With numbers like these, and the staggering rate of foreclosures across the nation, it is not a stretch to call the current economic downturn the Great Depression II.

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