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In the U.S. economy, being employed is key. That's how you get your insurance, your credit cards, your car and house loan, etc. Unemployment is a personal financial disaster, and a big jump in the unemployment rate is about the only thing that's going to move us towards 1930s-style quasi-socialism...
I thought the lesson of the 1930's was that unemployment should not be a personal financial disaster, and moreover the New Deal showed that it was possible to make it so it wouldn't be.

How was that forgotten?

It'd be nice if the battle were only against the right wingers, not half of the left on top of that — François in Paris

by Carrie (migeru at eurotrib dot com) on Wed Mar 19th, 2008 at 09:18:37 AM EST
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Because the New Deal was a plot by the Communists to take over the world? Because Americans have short memories? Because there's a theory of making it on your own?

I think the bottom line is that America has not yet had as big of a disaster as Europe had in the mid-20th century.

by asdf on Wed Mar 19th, 2008 at 09:23:31 AM EST
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I think you hit something right on the head, there.

"I said, 'Wait a minute, Chester, You know I'm a peaceful man...'" Robbie Robertson
by NearlyNormal on Wed Mar 19th, 2008 at 06:17:58 PM EST
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