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One of the worst failures of what could have been is that Thomas Sowell was not the first black president.
2:30 Sowell: “People think that the high unemployment in the 1930s was due to the stock market crash. After the stock market crash, unemployment peaked at 9% for one month… and started downward. It was down to 6.3% before the federal government intervened. It was only after the federal government intervened that the downward that the downward movement reversed itself and shot all up to 25%.
