Answer by Crissy1213 at 8:28 PM on Aug. 16, 2010
Answer by princessbeth79 at 7:31 PM on Aug. 16, 2010
Answer by Carpy at 11:34 PM on Aug. 16, 2010
No, we are no where near what is considered a depression.
Answer by JeremysMom at 7:30 PM on Aug. 16, 2010
Answer by Laura2U at 7:35 PM on Aug. 16, 2010
I agree with JeremysMom, in 1919, right after WW 1, we had 19% unemployment, 19% interest rates and 19% inflation. In 1920 we got our economy back when the government did nothing. They lowered the tax rate from 76% to 52%, still high, but enough to make private people start up companies. Nobody talks about the depression that was stopped because of these actions, and everyone still thinks the roaring 1920's just happened. We are not near that type of crisis, yet. If we don't stop spending like crazy in DC, we will be in trouble. I like the song lyric that says: "I never got a job from a poor man." We need to wake up and smell the coffee.
Answer by Joeygoat at 7:36 PM on Aug. 16, 2010
You forgot that that government cut spending too.They cut spending and taxes, that is what gave us the roaring 1920's
Answer by Natesmom507 at 1:53 AM on Aug. 17, 2010
Answer by MyAngel003 at 7:35 PM on Aug. 16, 2010
Answer by itsmesteph11 at 7:42 PM on Aug. 16, 2010
Answer by Sisteract at 9:02 PM on Aug. 16, 2010