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Something
to Think About
Hello,
Depression
by Gordon Francis Corbett
Until recently, the news companies were telling
the average citizen that the economy was wonderful,
except perhaps for where he lived.
Now, even Tom Brokejaw and his colleagues are
starting to admit what the rest of us have known
for decades: that we are in a depression.
People know the state of their local economy.
They know whether local businesses are hiring or
firing. They know that other places are depressed
only if friends or relatives tell them. They know
if they can safely buy a new television set, or if,
instead, they should save that money for a
soon-to-be-expected rainy day.
When the last acknowledged depression began,
America had no welfare state. Millions of Americans
lost their jobs, and two phenomena sprang up all
over the country: bread lines and soup kitchens.
You can still see them in documentary films.
Today's depression is different. Many Americans
are on the dole, but they use food stamps. Those
stamps make every line, at every check-out counter,
in every supermarket, a bread line; and they make
every welfare client's kitchen, a soup kitchen.
Little distinguishes them from their more fortunate
fellows; consequently, we do not perceive the depth
of the depression gripping us.
Our local depression results from regulation.
Some rules have padlocked almost every lumber-mill;
others have so crippled our fishing industry that
our fishermen are selling their boats to a
"generous" government.
We know what caused our local depression:
regulation. Other rules, from other bureacrats,
cripple other parts of our country.
Somebody once said, "A recession is when your
neighbor is out of work. A depression is when you
are out of work." If we elect enough candidates to
put the regulators out of work, our recovery will
be just around the corner.
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