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Hewlett-Packard Company Message Board

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  • sstail94 sstail94 Aug 29, 2012 9:09 AM Flag

    Obama - "Things could be worse"


    I'd ask how things could get worse, but given Obama's track record it's inevitable that they would.

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    • If obstructionists want America to relive 1929-1938, they should just go live in Greece.

      In 1933, 25% of all workers and 37% of all nonfarm workers were unemployed.
      Over 60% of Americans were categorized as poor by the federal government in 1933.
      In the early 1930s, more people emigrated from the United States than immigrated to it.
      Corporate profits had dropped from $10 billion in 1929 to $1billion in 1932.
      Between 1929 and 1932 the income of the average American family was reduced by 40%.
      Nine million savings accounts had been wiped out between 1930 and 1933.
      By 1933, 11,000 of the US' 25,000 banks had failed.
      Between 1929 and 1933, U.S. GDP fell around 30%, the stock market lost almost 90% of its value.

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