Bushonomics: What is Recession?
Historical Commentary: What may not be said, while the 1930’s Great Depression was occurring the US government kept insisting they where merely in a recession, due to a historical fact; they did not want to confess to the country in creating a more severe panic by saying the word, “Depression.”
Which the majority of the population at the time, already understood they where in a depression due to the continues tightening of there belts.
It also has been recorded in history, that one of the major contributors to the crash of ‘29,was the crippling financial burden that was sustained, because of World War 1.
What ever you do, do not tell the US Presidential candidates?
Labels: Bush, Depression, Economy, EU, European Union, History, United States, War
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