- This topic has 210 replies, 8 voices, and was last updated 14 years, 10 months ago by briansd1.
-
AuthorPosts
-
January 29, 2010 at 1:45 PM #507898January 29, 2010 at 1:48 PM #506989meadandaleParticipant
[quote=briansd1]
The New Deal is what put money in the pockets of millions of Americans, enabled unprecedented economic expansion and made the corporations even wealthier.[/quote]The modern consensus (I know how much you global warming liberals love to trot out that word) among those that have taken a closer look is that FDR significantly prolonged the GD through his many actions to ‘stimulate’ the economy.
The GD really didn’t end until the US entered WWII.
http://newsroom.ucla.edu/portal/ucla/FDR-s-Policies-Prolonged-Depression-5409.aspx
[quote]
“The fact that the Depression dragged on for years convinced generations of economists and policy-makers that capitalism could not be trusted to recover from depressions and that significant government intervention was required to achieve good outcomes,” Cole said. “Ironically, our work shows that the recovery would have been very rapid had the government not intervened.”
[/quote]History repeating itself all over with Obama…the self appointed FDR II.
January 29, 2010 at 1:48 PM #507136meadandaleParticipant[quote=briansd1]
The New Deal is what put money in the pockets of millions of Americans, enabled unprecedented economic expansion and made the corporations even wealthier.[/quote]The modern consensus (I know how much you global warming liberals love to trot out that word) among those that have taken a closer look is that FDR significantly prolonged the GD through his many actions to ‘stimulate’ the economy.
The GD really didn’t end until the US entered WWII.
http://newsroom.ucla.edu/portal/ucla/FDR-s-Policies-Prolonged-Depression-5409.aspx
[quote]
“The fact that the Depression dragged on for years convinced generations of economists and policy-makers that capitalism could not be trusted to recover from depressions and that significant government intervention was required to achieve good outcomes,” Cole said. “Ironically, our work shows that the recovery would have been very rapid had the government not intervened.”
[/quote]History repeating itself all over with Obama…the self appointed FDR II.
January 29, 2010 at 1:48 PM #507545meadandaleParticipant[quote=briansd1]
The New Deal is what put money in the pockets of millions of Americans, enabled unprecedented economic expansion and made the corporations even wealthier.[/quote]The modern consensus (I know how much you global warming liberals love to trot out that word) among those that have taken a closer look is that FDR significantly prolonged the GD through his many actions to ‘stimulate’ the economy.
The GD really didn’t end until the US entered WWII.
http://newsroom.ucla.edu/portal/ucla/FDR-s-Policies-Prolonged-Depression-5409.aspx
[quote]
“The fact that the Depression dragged on for years convinced generations of economists and policy-makers that capitalism could not be trusted to recover from depressions and that significant government intervention was required to achieve good outcomes,” Cole said. “Ironically, our work shows that the recovery would have been very rapid had the government not intervened.”
[/quote]History repeating itself all over with Obama…the self appointed FDR II.
January 29, 2010 at 1:48 PM #507638meadandaleParticipant[quote=briansd1]
The New Deal is what put money in the pockets of millions of Americans, enabled unprecedented economic expansion and made the corporations even wealthier.[/quote]The modern consensus (I know how much you global warming liberals love to trot out that word) among those that have taken a closer look is that FDR significantly prolonged the GD through his many actions to ‘stimulate’ the economy.
The GD really didn’t end until the US entered WWII.
http://newsroom.ucla.edu/portal/ucla/FDR-s-Policies-Prolonged-Depression-5409.aspx
[quote]
“The fact that the Depression dragged on for years convinced generations of economists and policy-makers that capitalism could not be trusted to recover from depressions and that significant government intervention was required to achieve good outcomes,” Cole said. “Ironically, our work shows that the recovery would have been very rapid had the government not intervened.”
[/quote]History repeating itself all over with Obama…the self appointed FDR II.
January 29, 2010 at 1:48 PM #507893meadandaleParticipant[quote=briansd1]
The New Deal is what put money in the pockets of millions of Americans, enabled unprecedented economic expansion and made the corporations even wealthier.[/quote]The modern consensus (I know how much you global warming liberals love to trot out that word) among those that have taken a closer look is that FDR significantly prolonged the GD through his many actions to ‘stimulate’ the economy.
The GD really didn’t end until the US entered WWII.
http://newsroom.ucla.edu/portal/ucla/FDR-s-Policies-Prolonged-Depression-5409.aspx
[quote]
“The fact that the Depression dragged on for years convinced generations of economists and policy-makers that capitalism could not be trusted to recover from depressions and that significant government intervention was required to achieve good outcomes,” Cole said. “Ironically, our work shows that the recovery would have been very rapid had the government not intervened.”
[/quote]History repeating itself all over with Obama…the self appointed FDR II.
January 29, 2010 at 1:51 PM #506999briansd1Guest[quote=meadandale] FDR significantly prolonged the GD through his many actions to ‘stimulate’ the economy.
[/quote]That’s fine if you believe so. I will agree to disagree.
I believe that the New Deal make the post WWII prosperity possible by creating a middle class of consumers who built the suburbs, bought cars and appliances, etc..
Remember that the current bailout was a Bush-Paulson-Bernanke-Geithner creation. The AIG giveaway to the French bank, SocGen, was a Republican deal.
If you don’t like the bailout, you should punish Republican lawmakers first.
January 29, 2010 at 1:51 PM #507146briansd1Guest[quote=meadandale] FDR significantly prolonged the GD through his many actions to ‘stimulate’ the economy.
[/quote]That’s fine if you believe so. I will agree to disagree.
I believe that the New Deal make the post WWII prosperity possible by creating a middle class of consumers who built the suburbs, bought cars and appliances, etc..
Remember that the current bailout was a Bush-Paulson-Bernanke-Geithner creation. The AIG giveaway to the French bank, SocGen, was a Republican deal.
If you don’t like the bailout, you should punish Republican lawmakers first.
January 29, 2010 at 1:51 PM #507555briansd1Guest[quote=meadandale] FDR significantly prolonged the GD through his many actions to ‘stimulate’ the economy.
[/quote]That’s fine if you believe so. I will agree to disagree.
I believe that the New Deal make the post WWII prosperity possible by creating a middle class of consumers who built the suburbs, bought cars and appliances, etc..
Remember that the current bailout was a Bush-Paulson-Bernanke-Geithner creation. The AIG giveaway to the French bank, SocGen, was a Republican deal.
If you don’t like the bailout, you should punish Republican lawmakers first.
January 29, 2010 at 1:51 PM #507648briansd1Guest[quote=meadandale] FDR significantly prolonged the GD through his many actions to ‘stimulate’ the economy.
[/quote]That’s fine if you believe so. I will agree to disagree.
I believe that the New Deal make the post WWII prosperity possible by creating a middle class of consumers who built the suburbs, bought cars and appliances, etc..
Remember that the current bailout was a Bush-Paulson-Bernanke-Geithner creation. The AIG giveaway to the French bank, SocGen, was a Republican deal.
If you don’t like the bailout, you should punish Republican lawmakers first.
January 29, 2010 at 1:51 PM #507903briansd1Guest[quote=meadandale] FDR significantly prolonged the GD through his many actions to ‘stimulate’ the economy.
[/quote]That’s fine if you believe so. I will agree to disagree.
I believe that the New Deal make the post WWII prosperity possible by creating a middle class of consumers who built the suburbs, bought cars and appliances, etc..
Remember that the current bailout was a Bush-Paulson-Bernanke-Geithner creation. The AIG giveaway to the French bank, SocGen, was a Republican deal.
If you don’t like the bailout, you should punish Republican lawmakers first.
January 29, 2010 at 2:01 PM #507004briansd1GuestCole said. “Ironically, our work shows that the recovery would have been very rapid had the government not intervened.”
A recovery to a lay person is different than a recovery for an economist.
To a normal person, a recovery is when the economic situation returns to previous levels.
To an economist, a recovery is an increase from the very bottom.
So yeah, if you let the bottom fall out and throw millions into poverty, then you’ll get a faster recovery.
I believe that Obama is doing the right thing by not allowing the bottom to fall out.
If you look at Zimbabwe now, they are experiencing an economic boom, but is it worth all the destruction of previous?
January 29, 2010 at 2:01 PM #507151briansd1GuestCole said. “Ironically, our work shows that the recovery would have been very rapid had the government not intervened.”
A recovery to a lay person is different than a recovery for an economist.
To a normal person, a recovery is when the economic situation returns to previous levels.
To an economist, a recovery is an increase from the very bottom.
So yeah, if you let the bottom fall out and throw millions into poverty, then you’ll get a faster recovery.
I believe that Obama is doing the right thing by not allowing the bottom to fall out.
If you look at Zimbabwe now, they are experiencing an economic boom, but is it worth all the destruction of previous?
January 29, 2010 at 2:01 PM #507560briansd1GuestCole said. “Ironically, our work shows that the recovery would have been very rapid had the government not intervened.”
A recovery to a lay person is different than a recovery for an economist.
To a normal person, a recovery is when the economic situation returns to previous levels.
To an economist, a recovery is an increase from the very bottom.
So yeah, if you let the bottom fall out and throw millions into poverty, then you’ll get a faster recovery.
I believe that Obama is doing the right thing by not allowing the bottom to fall out.
If you look at Zimbabwe now, they are experiencing an economic boom, but is it worth all the destruction of previous?
January 29, 2010 at 2:01 PM #507653briansd1GuestCole said. “Ironically, our work shows that the recovery would have been very rapid had the government not intervened.”
A recovery to a lay person is different than a recovery for an economist.
To a normal person, a recovery is when the economic situation returns to previous levels.
To an economist, a recovery is an increase from the very bottom.
So yeah, if you let the bottom fall out and throw millions into poverty, then you’ll get a faster recovery.
I believe that Obama is doing the right thing by not allowing the bottom to fall out.
If you look at Zimbabwe now, they are experiencing an economic boom, but is it worth all the destruction of previous?
-
AuthorPosts
- You must be logged in to reply to this topic.