Do the Math
|Today's liberal media
provide no historical context in their reporting, giving the impression
that America's problems are worse than they've ever been. The
numbers simply don't bear this out.
On the Economy
How many times have we been told that this is the "worst housing crisis since the Great Depression", or the "worst jobs data since the Great Depression". But consider the following facts.
TODAY: The unemployment rate hovers around 9.5%.
THE DEPRESSION: The unemployment rate in 1933 hit 25%.
TODAY: The mortgage foreclosure rate hovers at around 5%
THE DEPRESSION: The mortgage foreclosure rate hit 50%.
The US economy is growing at about 0.5% per year.
Inflation is largely under control.
THE DEPRESSION: over 7,000 banks failed.
On the War
TODAY: roughly 4,500 Americans have sacrificed their lives in Iraq.
World War II: More than 400,000 Americans sacrificed their lives in World War II.