Yeah, I'm pretty sure unemployment was higher in the last couple of years of Carter and the first of Reagan. The graph kinda shows the big rise in unemployment because we had the lowest unemployment in history for the last 10 years or so. Despite the hysteria, things aren't as bad as they were in 1979, 80, 81, and 82 ...YET
But just let the govt. keep trying to "fix" this with made up money that is going to cripple us for years in national debt...and I'm sure that they will make it a lot worse before they are done.
When there was a depression in 1920 the govt. left it alone. It bottomed out and within a year we were in the "Booming 20's" Then in 1929 when the market crashed, the govt. and the Fed stepped in to "fix" it. The result was that we had the GREAT depression that lasted until WW2 started. Over a DECADE.
I don't believe for one second that the fed or the govt. can fix anything. It's a cycle and the more they do this shit, the longer they will prolong it. Just like in 1929. And just like the Japanese have done recently.
