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hatrack

(64,980 posts)

7. Which would explain him flogging 20% unemployment to Congress

Reply to Yo_Mama_Been_Loggin (Original post)

Tue Mar 17, 2020, 08:44 PM

Mar 2020

The very worst it got during the 30s was 24.9% in 1933 when the banking collapse hit right before FDR's inauguration.

From 1930 through 1940, it ranged from 8.7% to its all-time high in 1933 to 14.6% by 1940 with four years above 15% and four years above 20%.

https://www.thebalance.com/unemployment-rate-by-year-3305506

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Highlight:

Coronavirus crisis 'worse than 9/11' for airlines, says US treasury secretary Mnuchin [View all] Yo_Mama_Been_Loggin Mar 2020 OP

He's probably right, as strange as that might seem. The Velveteen Ocelot Mar 2020 #1

how did that pinhead ever end up in a position of importance? dweller Mar 2020 #2

Nickleback fired him? uponit7771 Mar 2020 #4

Mnuchin's daddy was a huge wheeler-dealer on Wall St., so, legacy. bullwinkle428 Mar 2020 #5

I'd say that there are a lot of companies being hurt by this. Not just one industry. NT SWBTATTReg Mar 2020 #3

Of course it is-- and for damn near every other business in the country. TreasonousBastard Mar 2020 #6

Which would explain him flogging 20% unemployment to Congress hatrack Mar 2020 #7

this false equivalency sucks dweller Mar 2020 #8

I can see that because people aren't paying for travel tickets. don't fly the planes empty. Sunlei Mar 2020 #9

It's worse than 9/11 for almost all sectors Azathoth Mar 2020 #10