U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 12-13-2010, 08:23 PM
 
Location: West Hollywood
2,202 posts, read 4,002,487 times
Reputation: 1709

Advertisements

Quote:
Originally Posted by ottomobeale View Post
Isnt this kind of a moot comparison? 1982 vs 2009. Kind of like saying would you rather be beaten by a 2x4 with nails on the end or a baseball bat with nails on the end. Both are awful. 1982 vs 2009... Both are awful. 1982 vs 2009 are evil twins.
By the numbers this recession was technically worse.

But there are several reasons why, arguably, the early 1980s recession (which had much higher unemployment and similar bubbles, along with stagflation) was equally as bad and possibly worse.

I am a huge pessimist with the economy right now, but we have seen many similar periods before.

Basically, from the early 1970s (around 1973 to be exact) to the mid 1980s (around 1985-86) the US economy was HORRIBLE with very few jobs and high unemployment, along with record crime rates.
Reply With Quote Quick reply to this message

 
Old 12-13-2010, 08:27 PM
 
69,372 posts, read 53,615,406 times
Reputation: 9357
Quote:
Originally Posted by shroombeanie View Post


The proof is there ^^^^^^^^^^^
Worse than estimated is not worse ever..
Reply With Quote Quick reply to this message
 
Old 12-13-2010, 09:40 PM
 
Location: it depends
6,074 posts, read 5,127,319 times
Reputation: 5767
Quote:
Originally Posted by bluebelt1234 View Post
Maybe you need to go find the thread 15,000 vie for jobs at Valley McDonalds in the Work and Employment forum or look at the thread in this forum that discusses unemployment progression.

Maybe you should go help out at a charity and see the number of former middle class families now relying on charity just to feed their families.

Maybe you need to get to know someone who is unemployed instead of judging them all the time. If you bothered to do this one, you will find out that they are really struggling right now.
Maybe you should consider that we had over 10% unemployment in 1974 and again in 1982, and judge the overall economic situation (subject of this thread) by the whole country instead of getting wrapped up in one sad story or another.

We've had troubles before, and got out of them. We have troubles now and we will get out of them.

And yes, I'm sympathetic to those who are struggling.
Reply With Quote Quick reply to this message
 
Old 12-13-2010, 09:53 PM
 
Location: .....
956 posts, read 947,304 times
Reputation: 601
Quote:
Originally Posted by andrea3821 View Post
It's some of both. This is a horrible recession, but I think our leadership is allowing too much laziness and not enough business-friendly policies to help us out of this hole. The entire globe is feeling it and it's basically all our fault. Slow-bama is just that. Slow. He hasn't helped us one bit. I don't want the gov't to be bailing anybody out, corporations or individuals. It doesn't give the example of personal responsibility, something that is sorely lacking in our society these days.
Unfortunately for those who have been affected by the recession, life is a little more complex than free-market principles and neoconservative rhetoric...
Reply With Quote Quick reply to this message
 
Old 12-13-2010, 10:07 PM
 
Location: 3rd rock from the sun
3,858 posts, read 5,960,851 times
Reputation: 1806
Doomgraph: This Recession's Unemployment vs Other Recessions - The Consumerist

Reply With Quote Quick reply to this message
 
Old 12-13-2010, 10:14 PM
 
Location: Atlanta metro
5,645 posts, read 3,973,784 times
Reputation: 982
Quote:
Originally Posted by bluebelt1234 View Post
Maybe you need to go find the thread 15,000 vie for jobs at Valley McDonalds in the Work and Employment forum or look at the thread in this forum that discusses unemployment progression.

Maybe you should go help out at a charity and see the number of former middle class families now relying on charity just to feed their families.

Maybe you need to get to know someone who is unemployed instead of judging them all the time. If you bothered to do this one, you will find out that they are really struggling right now.
The article is dated Sept. 9. Old news.
15,000 in Valley vie for jobs at McDonald's


The best part of this article is the following:

Quote:

[LEFT]Michael Roest, 34, of Phoenix, was among the applicants. He worked at McDonald's from 1993 to 2003, and ended his tenure in a management position, he said. From 2003 to 2009, he worked for an airline company, but was laid off nine months ago, he said. He has an associate's degree in marketing and business management, he said.
"I'm OK with working an entry-level position, because there are opportunities for advancement," Roest said. "And part-time work is certainly better than nothing."



Reply With Quote Quick reply to this message
 
Old 12-14-2010, 07:57 AM
 
Location: Orlando
8,221 posts, read 10,950,653 times
Reputation: 4022
Well if foreclosures are any indication those of late are worse than that of the 30's....
Reply With Quote Quick reply to this message
 
Old 12-14-2010, 08:02 AM
 
62,444 posts, read 27,779,745 times
Reputation: 7872
Wow! Obama and the Dem Congress aren't handling this very well. They've tanked jobs recovery.
Reply With Quote Quick reply to this message
 
Old 12-14-2010, 09:27 AM
 
Location: San Antonio
4,149 posts, read 9,114,249 times
Reputation: 3307
Quote:
Originally Posted by VoicesInMeHead View Post
I think people are just lazier and complain more than they did in the old days.
It's bad. But what's making it worse is government spending trillions trying to cater to the people, instead of finding a way to let them work their way out of it.

When folks have a choice to starve, or be creative and work their way out of despair, they find a way. When the handouts just keep coming, it prolongs any type of recovery. And drains the ones that ARE doing well right now. It's a no-win situation for everyone.
Reply With Quote Quick reply to this message
 
Old 12-14-2010, 12:38 PM
 
Location: Texas
32,562 posts, read 17,658,120 times
Reputation: 18674
Default Why is it called 'The Great Recession?'

Quote:
Originally Posted by pghquest View Post
Worse than estimated is not worse ever..
Prove it.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top