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Shrewd observation, cool hand.
GDP contracted from 1929-1933 and did not reach pre-crash levels until 1937.
Lesson: the fiscal cure doesn't even have to work to be electorally effective. Unlike FDR, Obama gets two bites of the apple, max.
...but FDR got elected by 61% in his second term.
Shrewd observation, cool hand.
GDP contracted from 1929-1933 and did not reach pre-crash levels until 1937.
Lesson: the fiscal cure doesn't even have to work to be electorally effective. Unlike FDR, Obama gets two bites of the apple, max.
No way! A right wing wacko from Fox News thinks FDR's new deal didn't work? Major story.
The New Deal prolonged the Great Depression. WWII is what really brought the country out of it.
So all Obama has to do is get us involved in a large-scale foreign war, ideally one involving Russia and China.
I'm not sure any comparisons to the Great Depression/New Deal are valid. America is in a much different position now. Deeply in debt, almost no manufacturing base, military obligations across the globe.
There was a credit bubble in 1929 -- not as big as the current one, true -- but otherwise you're spot on. We're fighting this battle as if it were still the 1930's.
The main difference between stimulus then and now is that the Fed is off the chain. Even still, the stimulus so far appears to be too small to bridge the estimated gap in GDP.
That doesn't really mean much....but FDR got elected by 61% in his second term.
I disagree. Part of why war brought us out of the depression was the large scale and rapid increase in military buildup. Any war we have will unlikely increase the military much beyond what it is today.
Well, the war did kill a lot of people who otherwise would have been unemployed.
the war didn't do it so much as just not screwing around with the economy so much during that time (like the new deal) and decimating our compe ors in manufacturing.
I was just joking around.
People like handouts. See election 2008....but FDR got elected by 61% in his second term.
The theme of Caesar's fifty gold pieces to every Roman citizen, rears it's ugly head. Are we all to be so lightly bought off then, by a politician's petty -- or not so petty -- bribes?
Really, is that all it takes?
Last edited by Winehole23; 01-30-2009 at 05:56 PM.
Rhetorical, Im sure.
I mean, OV can unpack it for us if it's not rhetorical. Maybe he really means something by it. Who can tell?
That's why this nation may fail. We now have more wolves that sheep, and we just voted on what's for dinner.
It was more effectively mournful when doobs said it.
You might also want to check the exact wording of the cliche; your own version is not concise.
Attempt to rewarm, failed.
Last edited by Winehole23; 01-30-2009 at 06:33 PM.
I wasn't trying to repeat it exact. Just the idea.
The New Deal saved capitalism in this country and probably the world -- those judging the efficacy of one part of it or another fail to see the forest for the leaf they are examining.
Quit whining.
Bro, delivery is everything...
Oh. I see... Substance doesn't matter, right?
Is that why people believe in all the bull ?
It was not my objection to your substance -- although I frequently object to that, too -- so much as your very bad style, that caused me to complain in the first place. Ok?
Who knows? Maybe they just have their own opinions.
no, i don't really believe in most of your bullsh1t
nothing you ever say has substance, trust me.
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