History Lesson

2_great_depression

The New Deal didn’t work. Yeah, I said it.

Simple math really.

Stock Market crashes, 1929.

Herbert Hoover (R), is in office. He starts down a path of regulation, big government and other programs to fix the downturn instead of leaving it alone.

Economy sinks further, and Franklin Roosevelt (D) is elected in 1932. Unemployment at 25%.

“New Deal” passes. Lots of big government programs, social security, spending, etc, 1933.

Second “New Deal” passes. Even more spending, 1935.

Unemployment still at 15% in 1937, and rose in 38, and 39.

Unemployment is still high and still in a Depression, 1940.

December 7, 1941: World War II begins, Depression is over.

Nine Years of Big Government.┬áIt didn’t work folks.

Reagan inherited a horrible recession, inflation, and unemployment from the disaster of Jimmy Carter in 1980. Within two years of tax cuts, and staying out of the private sector, the economy was booming, and by the time he left office, America was unbelievably prosperous.

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Published in: on February 10, 2009 at 8:58 pm  Leave a Comment  
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Swallow Your Pride

Yes, the economy is bad. It is not the worst. It is not even close to what it was in the 1970s, and it is far from the Great Depression of the thirties.

If you are waiting for a handout from the government, you will probably be waiting a long time. Our country survives because of individual hard work despite adversity. While many simply file for unemployment and wait for their handout, others are moving to an area with better employment opportunities, or getting a job just to get by.

CNN reports of a man who lost his job, and bounced back:

When he applied for other jobs, he was told he was either under-qualified or had too much experience.

After several weeks of searching, he took the only job he could get — a Domino’s pizza delivery man, a job that would cover the family’s expenses.

“I had to swallow my pride and take whatever I could get,” Rob LeBlanc says. “I kept telling myself one of these days something better will come along.”

He spent nearly five months delivering pizzas at Domino’s. He admits he fell into depression during that time.

But the family received good news Friday, when a private security company hired Rob LeBlanc to be a security officer. He says the company offers many opportunities to move up to a managerial position.

“My first thought was to tell my wife right away,” he says. “I could hear the relief in her voice.”

Published in: on January 24, 2009 at 8:51 am  Leave a Comment  
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