Recession? Depression? It may depend how you count
We certainly aren't near the Great Depression-levels of unemployment; but this article makes the case that we're closer than the numbers make it seem.
OK, so here's the deal. Quick statement: the only thing that really ended the Great Depression was U.S. involvement in WWII -- first as an arms supplier to other countries, and then as a involved party. There were jobs for everyone -- unfortunately that some of those jobs meant getting shot at and killed, or killing other people.
To get out of this one, we need a war effort. We need major conservation (remember rationing? if you don't, read some histories of WWII at home) and re-industrialization.
So, Jimmy Carter declared a war on energy in the late 1970s; and it didn't work. The Great Barometer has made noises like that recently, too. He can keep driving the point home that we need to get serious. If we fight the energy war right, we can win. Conservation and new technology; Americans can make the most fuel-efficient cars on the planet, wind turbines, and a lot more houses that produce energy instead of squandering it.
I'm on board. Plus in this war you don't have to get shot at, so I like it a lot better.
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