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The US economy was in free fall in 2008 and 2001 and had nothing to do with how or when people worked. We're overdue for another one.
by Clubber 9y ago
The US economy was in free fall in 2008 and 2001 and had nothing to do with how or when people worked. We're overdue for another one.
- jonknee 9y agoAll a matter of perspective I suppose, the current "stabilized" Greece is in much worse shape now than the US was at the worst point of the Great Recession (> 20% unemployment!).
- Clubber 9y agoYes, they are/were in bad shape, but from what I understand their problems stem from what our problems were: greed and corruption, not the workforce taking long lunches or not working 40 hours a week. Puerto Rico has similar issues with their economy. They took a lot of loans they shouldn't have. As an aside, our unemployment is a funny number in that it doesn't include people who have given up looking for work. I think that category is the highest it's been in a while, or in US history. I'm not sure if Greece calculates it in the same manner.