"We are in exactly the same place FDR was in 1936."
That's bad news.
Recession of 1937–38 - Wikipedia
en.wikipedia.org
The recession of 1937–1938 was an economic downturn that occurred during the Great Depression in the United States.
"We are in exactly the same situation"
No, we aren't even close.
19.0%
Unemployment jumped from 14.3% in May 1937 to 19.0% in June 1938. Manufacturing output fell by 37% from the 1937 peak and was back to 1934 levels.
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"our situation is the same with as much income inequality as there was in 1936"
Income inequality is more of an abstract concept than painful reality when most households own a car, a TV, internet access, and have some form of health care. We even have homeless people living in their own RVs. There are just over 500,000 homeless now. During the Depression, there were 2 million, in a much smaller country. This isn't '32 or '36; little pain, little gain.
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This is really difficult for you, but I want a one-letter answer.
Would you rather
a) win Calif. by 6 million, and lose Mi,Wi, and Pa by 140K,
or
b) win all 4 by 100K? |
