Still Walking the Dog

The current recession is not the Great Depression over again. People are still walking their dogs.

GDP declined by 30 percent in the early 1930s. A quarter of the population was unemployed. With minimal welfare benefits, many people were destitute and on the brink of starvation. Large numbers of banks failed, robbing many people of all their savings. The share market lost ninety percent of its value. Many farmers walked off their land when they could not meet their interest payments. Many more people lost their homes in the cities.

We are not experiencing anything like what happened in the 1930s. Life is still a breeze compared to those times. People are still walking their dogs and not eating them.