Denial and Avoidance Won't Fix Housing or Grow Economy

Unemployment climbed from 3.2 to 8.7 percent... the year is 1930. In 1931, the unemployment rate rises to 15.9 percent. In 1932, unemployment continues upward to 23.6 percent, and in 1933 it goes to 24.9 percent.

In 1934, we are said to be starting on a road to recovery as unemployment falls to 21.7 percent. In 1935, it falls again to 20.1 percent, in 1936 it's down to 16.9 percent and in 1937 it falls to 14.3 percent.''