Objects in Mirror

Objects in Mirror: March 17, 2009 Archive

Discussing the economic depression

Posted at 10:39 AM on March 17, 2009 by Julia Schrenkler

By reading the comments on News Cut, maybe the title should actually be "Discussing the economic depression... if there is one."

Frequent commenter bsimon writes:

"' A poll out today says about half of us believe [this economy is like the Great Depression].'

Except during the great depression they didn't have unemployment insurance, food stamps, social security or medicare. They DID have 25% unemployment - and that was a workforce that was mostly male, who were the sole breadwinners. Now we have dual income families, where if one adult is out of work, they are in a tight spot; whereas in the Great Depression, losing a job meant losing 100% of income.

In short: this isn't even close." - Posted by bsimon | March 17, 2009 10:11 AM

Where do you stand on this? Chime in on this (and other topics) in Bob's new "Five at 8" series. He posts five topics by 8 a.m. to get your newsday rolling, just check News Cut.

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