Wednesday, July 15, 2009

History repeats itself – people don’t believe we’re in a depression; new Dust Bowl

Here’s the headline and story, Fed: unemployment will top 10 percent “The Federal Reserve expects the economy this year will sink at a slower pace than it previously thought, but that unemployment will top 10 percent and remain high for the next few years, according to a new forecast released Wednesday.”


If unemployment is less than 10 percent, why is it seven out of 10 people I meet are unemployed?


What made the 1930s so bad was the Dust Bowl that killed crops throughout Oklahoma and Texas. Now watch this video and tell me history does not repeat itself.


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