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.