I think the food stamp riots when the SNAP EBC system went down is an indicator that the US has been in a depression since the housing bubble burst - the only thing that doesn't make it as visible as the great depression was is the fact they print money to keep these lush social programs going - food stamps, housing subsidy etc. If there was no fiat money printing to support an enormous social safety net (as was the case in the great depression)we would see riots because welfare zombies (140 million of them) reject basic reliefe for lush entitlement. Food stamps and other living subsidies have essentially buried the true effect of the current depression

Sgt Lejaune | October 22, 2013 3:33 PM | Reply

It's much worse than that when you consider that massive amounts
of fiat money were also expended to avoid laying off govt union
members of the Obamanation at all levels of government. Plus the
trillions that foreign banks got when compensated for their no
lose buys of mortgage bubble crap.

Oz replied to comment from Occam | October 22, 2013 4:16 PM | Reply

"If there was no fiat money printing to support an enormous social safety net (as was the case in the great depression)"

You really should read New Deal or Raw Deal by Burton Folsom Jr.
It may change some of the things that you think you know about the Great Depression.

http://www.amazon.com/New-Deal-Raw-Economic-Damaged/dp/1416592229

Like FDR before him, Obama is hobbling the recovery with many of the same policies and creating unemployment by burdening small business with taxes.

Fred | October 22, 2013 4:55 PM | Reply

Excellent news. You have found Mikey Mann's hockey stick that was disappeared from the IPCC.

His Team has been losing badly since he lost his schtick, I mean stick.

mark | October 22, 2013 5:01 PM | Reply

And at the end of the 40+ weeks, the majority are not finding a job but going on disability. After a while your skill set deteriates so much, you have to retrain. Should you go back to school or claim your back is out and you can't work?

DaninVan | October 22, 2013 5:05 PM | Reply

I didn't go any deeper than the graph, but WTF? It's 3 years out of date; what? they don't have quarterly stats to compile?

Oz replied to comment from DaninVan | October 22, 2013 6:30 PM | Reply

The graduations on the X axis are in decades.
Where unemployment starts to dip after 2010 is where the definition of 'unemployed' was changed, again.

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Oz: The graduations on the X axis are in decades. Where read more
DaninVan: I didn't go any deeper than the graph, but WTF? read more
mark: And at the end of the 40+ weeks, the majority read more
Fred: Excellent news. You have found Mikey Mann's hockey stick that read more
Oz: "If there was no fiat money printing to support an read more
Sgt Lejaune: It's much worse than that when you consider that massive read more
Occam: I think the food stamp riots when the SNAP EBC read more
peterj: Here's a fair analogy of where the USA is at read more
peterj: Like the IPCC, stats are whatever you want them to read more
Drained Brain: Take heart. All of those unemployed can read articles like read more

5 Year Recovery Watch Remains On High Alert

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