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  Thursday October 30th, 2014    

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A lesson from history (10/14/2012)
From: Finbar McMullen, FSC

A few weeks ago, a journalist commented on TV that this is the worst recovery from a recession, ever. Well, thatís true. It just happens to be the worst recession, ever. He neglected to say that we were one hiccup away from a full-blown depression. Those who complain about the slow job growth in the present are either too young, dishonest, ignorant, or too lazy to find out what unemployment was like during the Depression. When Roosevelt took office on March 4, 1933, (my ninth birthday), unemployment was at 23.6%. By August of that year, it had climbed to 25%. Four years down the line, in 1937 it sat at 14.3%. This in spite of the WPA, (Think of all the dams up and down the Mississippi.) and the Civilian Conservation Corps. Who says the government canít create jobs? Full employment did not come until around 1942 with the Lend-Lease Program and the full-blown war effort. (More government jobs.) Within the last month, the GOP blocked a bill that would have provided jobs for returning veterans. They scream about cuts to the Defense Department, but they are doing real harm to real people, those who have put their lives on the line to serve the country. During the height of the recession, they kept saying that small business was the backbone of the economy, but, at a time when banks were not making loans to small businesses, for five months they filibustered a bill that would have guaranteed loans to small businesses. This was not even for money to be spent, but just set aside to bail out banks for failed loans. On top of all this, the financial mess in Europe was a hindrance to recovery. Complaints remind me of quote from G.K.Chesterton, a famous British author. ďChristianity has not been tried and found wanting. It has not been tried.Ē I keep thinking of what Jesus said about those who have eyes, but do not see, and those who have ears, but do not hear.

 

 

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