Thursday, September 29, 2011

The Great Depression

Every day or so I hear another statistic which someone says is the highest or the lowest or the worst since the Great Depression. Each time I hear some such "truth", I am reminded of the famous, if not accurately attributed quotation, "Lies, damned lies and statistics."

Then I remember President Ronald Reagan's quote about the definition of recession, depression and recovery. "The Gipper" said, "If your brother-in-law loses his job it is a recession; if you lose your job it is a depression; if Jimmy Carter loses his job it is a recovery." In other words, President Reagan understood that statistics never describe reality.

I once had a friend who invented statistics, just for fun. Usually ridiculous numbers. I was always amazed at how many people accepted his numbers as truth. Today I am amazed at how people react to statistics from The Great Depression. Also, I am amazed that so many people who were not born until decades after the depression ended, are now telling us these "facts" about the 1930s depression.

Respectfully (always) I submit that if you are younger than 75 years of age, you cannot possibly understand the Depression. Those statistics the youngsters quote may as well be labeled damned lies. They are meaningless.

Consider unemployment numbers. Today, "unemployment" means you do not have a "good" job, paying a high salary, while providing health insurance, unemployment insurance, guaranteed vacations, sick leave, etc., etc., etc.

Flipping hamburgers? That is not a "real" job.

In the 1930s, "unemployment" meant you had nothing to feed your family this day. It meant you could not find even an hour's work, of any description. A job flipping burgers? What a blessing... you might fill your stomach with a few scraps and earn a couple of dollars to purchase a sack of beans to feed your family..

Imagine living in a house with no electricity, no running water, no kitchen sink, no indoor bathroom. Imagine eating only beans, or greens, or some other persons leftover food, and being thankful that you are not hungry. Now, in that scenario, imagine someone trying to describe your life with  statistics. What a waste of breath.

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