Thursday, March 25, 2010
Small favors
Mike Pence spoke a plain and rare truth just now, amid the usual recitation of false talking points about the Infinite Monopoly For Insurance Companies Act.
Pence said the current economy is "the worst in 30 years."
Precisely right. Everyone else in politics and media has been universally describing it as "worst since the Great Depression", which is wildly false.
The current situation is similar in cause and timeline to the Depression, but vastly less severe. In terms of overall seriousness, it's much closer to 1980 (i.e. 30 years ago.)
Thank heaven for small truths. ¶ 5:33 PM
Pence said the current economy is "the worst in 30 years."
Precisely right. Everyone else in politics and media has been universally describing it as "worst since the Great Depression", which is wildly false.
The current situation is similar in cause and timeline to the Depression, but vastly less severe. In terms of overall seriousness, it's much closer to 1980 (i.e. 30 years ago.)
Thank heaven for small truths. ¶ 5:33 PM
