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Old 07-25-2011, 10:56 AM
 
Location: Bella Vista, Ark
77,772 posts, read 104,112,011 times
Reputation: 49243

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Quote:
Originally Posted by Loveshiscountry View Post
History has proven that statement incorrect. From ~ 1920-1922 government spending and taxes were reduced by ~40 percent which got us out of the depression. Unemployment went from 12 percent to under 4.
what did 1920 to 22 have to do with the Big Depression or are you talking about something else?

Nita
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Old 07-25-2011, 12:01 PM
 
4,127 posts, read 5,049,669 times
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Quote:
Originally Posted by nmnita View Post
what did 1920 to 22 have to do with the Big Depression or are you talking about something else?

Nita
We have had several depressions. The "Great" Depression was the one orchestrated by FDR's great love of communism.

The depression of 1920 had all the potential to be as bad as the Great one but was nipped in the bud.
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Old 07-25-2011, 12:08 PM
 
Location: SC
9,101 posts, read 16,390,349 times
Reputation: 3619
Quote:
Originally Posted by JazzyTallGuy View Post
If the federal government stops spending then which part of the economy picks up the slack in terms of making up for the lost GDP?

The point I'm making is that federal spending needs to be reduced GRADUALLY. The worst thing you can do to an economy that is slowly coming out of an economic downturn is to drastically reduce government spending.
GDP includes spending which is what got us INTO this mess. You've been reading/listening to too many clueless Keynesian econonmists who've been taught that spending grows an economy. QUITE THE CONTRARY. You first have to produce before you can spend. What have we produced in the past 20 years to speak of????

The faster and by the greatest amounts possible that we reduce spending the better off we will be.

In other words you can't spend what you haven't first saved. We need to let the GDP go down from a spending standpoint and start saving and PRODUCING to boost it back up BEFORE we can spend again. Managing the country's budget isn't any different than running your own household budget.

Read HOW AN ECONOMY GROWS AND WHY IT CRASHES by Peter Schiff. Study Austrian Economics.

Here's an example of how WRONG the economists including Ben Bernanke who seem to cling to Keynes when it clearly does not work have been. They haven't been right about anything! They try to tell us that inflation is GOOD that we need MORE of it. Huh? We need higher prices for food and gas? 'Fraid not Ben BErnanke.


‪Keynesian Economics vs. Austrian Economics‬‏ - YouTube

Note Bernake says there would NOT be a housing crisis in 2005!

In 2007 he predicted strengthening

In 2006 Peter Schiff predicted a recession that would last for years. He says the problem is too much consumption and borrowing and not enough producing and saving

Arther Laffer a dumb Keynesian says that Peter was off base.

Peter says the housing prices were unsustainable and they would come crashing down to earth

Listen to all the CNN "experts" who laughed at Peter who were dead WRONG!

AT the end Ron Paul pins down Ben Bernanke and asks him if he ever would admit he was wrong about the economy?

Last edited by emilybh; 07-25-2011 at 12:22 PM..
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Old 07-25-2011, 12:08 PM
 
Location: Texas
37,942 posts, read 17,724,642 times
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Quote:
Originally Posted by Joe_Ryder View Post
We have had several depressions. The "Great" Depression was the one orchestrated by FDR's great love of communism.

The depression of 1920 had all the potential to be as bad as the Great one but was nipped in the bud.
That's it. Harding knew how to handle it. Stop the policies that manipulate the economy.
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Old 07-25-2011, 12:26 PM
 
Location: SC
9,101 posts, read 16,390,349 times
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Quote:
Originally Posted by Loveshiscountry View Post
That's it. Harding knew how to handle it. Stop the policies that manipulate the economy.
Yeah and cut back the size of the government which Harding did and LOWER taxes (not raise them) which Harding did and LET BUSINESSES FAIL and let the Free Market work WITHOUT GOVERNMENT INTERFERENCE which he did-- all of which are the exact OPPOSITE of what both the Democrats and Republicans have been doing for the past 10 years!
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Old 07-29-2011, 11:12 PM
 
Location: SC
9,101 posts, read 16,390,349 times
Reputation: 3619
Did everyone see this in TIME? Ron Paul smeared the other candidates and he should have been on the cover of the magazine.

TIME Baracketology: Results
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Old 07-30-2011, 01:35 PM
 
838 posts, read 918,939 times
Reputation: 186
Quote:
Originally Posted by HurricaneDC View Post
The only thing worse than an ardent GOP/DNC supporter is a person who sees a candidate they like but does not support him because they don't think he/she can win. Truly selling out one' beliefs in favor of 'the odds.'
YES, I've seen this even in older people who you'd think would have more mental maturity but will not vote for candidate they want because they don't think their candidate can win. Ross Perot would have won the presidential election if those who wanted to vote for him actually did so. He got 20% of vote as a write-in.
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Old 07-30-2011, 02:43 PM
 
Location: Bella Vista, Ark
77,772 posts, read 104,112,011 times
Reputation: 49243
Quote:
Originally Posted by clsicmovies View Post
YES, I've seen this even in older people who you'd think would have more mental maturity but will not vote for candidate they want because they don't think their candidate can win. Ross Perot would have won the presidential election if those who wanted to vote for him actually did so. He got 20% of vote as a write-in.
wow, interesting you would use the term "older people" I know of several older people who did just that: voted for Perot including my parents and my mother in law as well as most of her family in WV. I don't think age has anything to do with it. Yes, some will not support a person they think will lose, but certainly that crosses over all lines. In 1980 I knew 6 people who voted for Andeson, 4 were 60 plus.


Nita
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Old 07-30-2011, 02:49 PM
 
24,323 posts, read 26,701,005 times
Reputation: 19745
People the truth is the economy has recovered during times of increased taxes and decreased taxes. There is no fact that states ONLY lower taxes will lead to a recovery or ONLY higher taxes will lead to a recovery. It has been proven in history there is no one answer! It's like debating how the humanity started, there is no 100% correct answer, at least not yet.
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Old 07-30-2011, 03:32 PM
 
Location: SF Bay Area
14,317 posts, read 22,290,211 times
Reputation: 18436
Ron Paul stinks, Jesus Christ. He's no more relevant in this process than Yosemite Sam.

The racist imbecile was soundly rejected in '08 primaries and doesn't stand a chance in hell now. Wake TF up, for God's sake.
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