Near lifelong resident of Bedford County. Will comment on the issues of the day in, hopefully a cogent and certainly an honest manner. Will propose discussions not usually fully addressed in the mainstream media.

Unemployment

Posted Friday, May 8, 2020, at 1:58 PM

Well the mainstream media are quick to point out the unemployment rate is 14+%. I guess they know economics much better than all the investors who invest in stocks including all working people through their 401(K)s, IRAs, Roth IRAs, pensions and private retirement accounts. These investment are a huge persentage of the Market capitalization.

Interestingly, never mentioned is the fact that FDR, the Godfather of the contemporary progressive/liberal, for the first 8 yrs. as President never had an unemployment rate below 14%. He is often hailed by his ideological progeny as ending the Depression. This is so factually wrong but it doesn't fit the narrative so we must not be told. The Depression was indeed ended by one man, his name was Adolf Hitler!

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Dow industrials close today up nearly 2% at up $455.43.

-- Posted by cmcclanahan on Fri, May 8, 2020, at 3:02 PM
The longer this strangled economy continues, the more small businesses will fail and the more dependent we will become on government. Does any political party benefit from that?

-- Posted by stevemills on Tue, May 12, 2020, at 5:13 PM
Yes Steve. It allows the Democrats to maintain they could have fixed it, with no proof of course, thusly blame all damages on the Republicans. Such is the state of the Union where the welfare of the people be damned.

-- Posted by cmcclanahan on Tue, May 12, 2020, at 6:50 PM
Dow industrials were down today 2.17 percent.

-- Posted by tcreek on Wed, May 13, 2020, at 10:35 PM
I guess the blog monitors we so busy with their monitoring duty that they missed the Dow was up 1.6+% today after being down near 3%. No agenda here!

-- Posted by cmcclanahan on Thu, May 14, 2020, at 3:28 PM
I see the blog monitors felt a one day fall in the Dow of 2.17% is monumental news, but a one day rise of 3.85% is ho-hum. No political proclivities here of course!

-- Posted by cmcclanahan on Mon, May 18, 2020, at 3:06 PM

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