Depression Numbers News Today

Sanctions are kind of the modern day smart bonl.mb. the devastation its caused the country. the economy is about by all estimates 20% smaller than before the sanctions. unemployment rate is 20%, inflation is about 25%. theres $80 billion in currency thats tied up in other countries that they cant get their hands on. look, brenda, these are really horrific numbers. were talking like depression numbers back from the 20s and 30s in our time. if that hits the country and continues to hit the country...

Then. starting to ease off. if president obama has any, any idea what is he doing in the economy he wont raise the minimum wage. why does president obama -- >> bob: why do you have a bad economic professor. give you facts from the economics glaseconomic class. that i took. massachusetts has $8 minimum wage, higher than most. they have 15% unemployment amongst teenagers, lowest in the country. >> dana: 15%? were going to do cart wheels for that? >> bob: this is 24-25%. excuse me, can i finish? ca...

Reinvestment. somehow it must be. the bush tax cut extension gave more wealth to top 1% and all the states budget. that must be repealed early on to have enough money to reinvest and put america back to work. of course, there are patterns of race discrimination. we need the president to have a real focus on the impact of why blacks are so -- we voted first and voted most and then we have the most pain, but that pain appeals to him to hear our cry and address the direct focus away. >> i mean, 16....

Closer to depression numbers. those are staggering numbers, are they not. >> they really are. and quite frankly, they underscore your point, joe, that obama is very strong. to have numbers, whether it was 48% or 53%, those are excellent numbers when youve got an economy in the situation it is. i tend to agree with you that obamas comeback began when he basically brushed aside pelosi and reed, said lets end this stalemate, lets cut the deal with republicans. he did. he got a lot done in that deal...