Dec 6, 2008

Looking on the bright side

Yesterday's jobs report was quite dismal. But here are three reasons the economy is not as bad as it could be (from a comment on another blog):
  • We're not in a trade war with Europe (Smoot-Hawley)
  • We do NOT have a famine (Dust Bowl)
  • We do not have wholesale collapse of the banking system (50% of banks failing)

You could probably argue that last point, but still.

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