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No. You said "debunked." Saying something is "debunked" means it has been proven to be false. So tell me about it.
I pretty much agree with this. I would say, more narrowly, that the New Deal may have been a necessary evil to stave off the threat of America becoming a fascist or communist country. That is sufficient justification, given the cir stances of the 1930s.
So, yes, I think the New Deal may have been a political necessity in the 1930s. But beyond that, as a matter of economics, its price controls and mandates and rigid labor standards and substantial government ownership are exactly what you don't want to do in a weakened economy. I don't think our current economic situation is so perilous that we need this kind of government intervention; smart long-term economic policy would still be the wiser course of action.
No. You said "debunked." Saying something is "debunked" means it has been proven to be false. So tell me about it.
For the record, I'm a big fan of FDR's bank holiday, the FDIC, Glass-Steagall and what all FDR did to stabilize American finance in the 1930's. Without the financial stability brought by the New Deal, the depression itself might have been much, much worse.
then explain why we were the last country to come out of the great depression.
What was the order of countries coming out of the depression?
Link, please?
Didn't find the order with the US at the very end.
Surely you have the link.
Agree with all but the first clause.
What makes you so sanguine that government help is unwarranted? This is 100% contrary to what Wall Street and even most conservatives are saying by now. What assures you that the danger isn't so great?
"This kind of government intervention"--I was referring to the New Deal and its inapplicability to our current economic situation. To me, the main justification for most of the New Deal is that it was necessary to keep people from voting communists or fascists into office. That kind of political and social unrest is not a real problem today. That's what I meant, at least.
It worked for Bush to get us into Iraq.Nice touch on the reasoning for the cash giveaway proposed by Obama.
Hey, it worked for Paulson...
The Patriot Act is another example.It worked for Bush to get us into Iraq.
I don't get it. I like it the way it is. I have my own company,my wife has a good job and can get another one any time she wants and the prices are down on everything. I say leave it alone! , gas prices were over 4 bucks 6 months ago. That was ridiculous. I am looking forward buying a home in June. I know I will get a house thats is worth what it really is.
Seriously I never understood (more often than not) why a house that was 25 years old more expensive then a house 1 year old. Here in Dallas people moved and are moving north becuase you get more house for ur cash and a much better house. Now I can move closer to Dallas and actually not get ripped off on a house. Plus with a old house you have to spend money updating it. And everyone I know seems to be happy just like me. All that spending is going to do is make rich people rich again and jack the prices up once again.
Last edited by jack sommerset; 01-09-2009 at 05:22 PM.
http://seekingalpha.com/article/8321...cast-2008-2010
seekingalpha says another 11% down by the end of 2010.
Nouriel Roubini thinks the down leg in residential real estate could be another 25-30%.
If you've got large cash positions and not much debt, you could do alright. Recession/depression is definitely a rich get richer proposition if your wealth isn't overleveraged.
Todays economy is primarily based on the idea that the value of things such as houses will only go up because we will always spend more and more and more money and when we run out of money we will simply borrow money and spend then borrow more and spend it etc etc.
This works fine as long as we cooperate with the ponzi scheme but now we have decided we would rather save some money and not be in debt. That is why they can't just leave it alone since the house of cards collapses without an ever increasing amount of money coming in. Since we are no longer going into debt just to keep spending more and more money the government will attempt to step in and spend it for us until we come to our senses and start spending the money we don't have again. Sounds like a perfect plan huh?
Last edited by SnakeBoy; 01-09-2009 at 05:41 PM.
Todays economy is primarily based on the idea that the value of things such as houses will only go up because we will always spend more and more and more money and when we run out of money we will simply borrow money and spend then borrow more and spend it etc etc.
This works fine as long as we cooperate with the ponzi scheme but now we have decided we would rather save some money and not be in debt. That is why they can't just leave it alone since the house of cards collapses without an ever increasing amount of money coming in. Since we are no longer going into debt just to keep spending more and more money the government will attempt to step in and spend it for you until you come to your senses and start spending the money you don't have again. Sounds like a perfect plan huh?
Nice
Let's have some fun and post up all the amazing places this money is reportedly going!
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