Detailed text transcripts for TV channel - FOXNEWS - 20100211:07:29:00
Our housing value in the past year has been 18%. 1920, hello. our gnp fell 24% in one year. 1920 to 1921. our unemployment rate back then was 11.9. higher than it is now. far worse than today. in 2009, real gdp only decreased 2.4. got it? 2.4. hello. in some cases 1920 was worse than the great depression in the 1930s. what happened? harding, because americans learned their lesson, progressive, that was a nightmare. they cut spending in half. spending in half. by 1923, they cut taxes.