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Originally Posted by aceventura3
What?!? Are you trying to tell me that, assuming the number is correct, that after all the new deal spending that a 17% unemployment rate is o.k.? Is a 17% unemployment rate an indicator to you that the Depression ended?
I know how you folks hate IBD editorials but here is one from today's paper on this subject. I throw up the white flag. Perhaps it is time for me to learn to speak Chinese.
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17% is certainly not OK, but when when unemployment was at 25% just a few years prior, it means that you are already halfway through the recovery and expansion. And, again, WWII from an economic perspective was nothing but a major government program.