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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Steve Dietrich who wrote (496160)7/18/2009 11:11:11 AM
From: Jim McMannis  Read Replies (1) | Respond to of 1571445
 
This was not unexpected. Thing is, this already is worse than 81-82 and we are just beginning.



To: Steve Dietrich who wrote (496160)7/18/2009 11:56:14 AM
From: i-node  Read Replies (5) | Respond to of 1571445
 
History tells us a contraction this severe comes with 10+% unemployment. There's nothing surprising about that. It would in fact be surprising if unemployment doesn't exceed 11% before this is all said and done.

Then why didn't history tell Obama he couldn't stop it at 8% like he said he could?



To: Steve Dietrich who wrote (496160)7/19/2009 7:21:18 PM
From: TimF  Read Replies (1) | Respond to of 1571445
 
History tells us a contraction this severe comes with 10+% unemployment.

Not exactly. In 81-82 a similar GDP drop caused a similar unemployment rate, but this time we started out with a lower unemployment rate, so a similar GDP drop caused a larger employment drop.


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