I love listening to the clueless who deem themselves to be so knowledgeable. It's a perfect demonstration of why we are in such a fouled mess ... even with an abundance of historical documentation, the geniuses cannot even manage to be decent "Monday morning quarterbacks". It's quite pathetic really.
First off ... ANYONE who thinks government can pull a nation out of a Depression by printing and spending more money shouldn't open their mouths while adults are conversing. This is akin to the naive wife who tries to comfort her financially stressed husband by saying "don't worry dear, we still have plenty of checks left in the checkbook". Such debt spending only serves to delay the inevitable, making the problems worse, and guaranteeing greater suffering in the end, just as FDR's policies not only extended the Depression ... but made them worse.
And, WW II DID NOT END THE DEPRESSION anymore than FDR's theft of gold from the American public in 1933 make the public more wealthy. The war certainly did end unemployment, as every able bodied American was conscripted into service, with everyone else filling in the gaps left ... but the economy was running on credit, with massive borrowing to fund the war .... coupled with nationwide shortages of common goods that people had to do without ... for the sake of the soldiers and the war.
The end of the depression didn't come until after the war, when all of the manufacturing infrastructure used to produce military output was converted to peacetime production. With most of Europe in SHAMBLES at the end of the war requiring massive reconstruction efforts ... there was great financial gains to the American economy in Europe's reconstruction, along with the peacetime boom of consumerism after years of austerity.
What is now referred to as the "Post War Economic Boom" helped to pay of the debts incurred by the war, and provide that economic growth that returned the nation to prosperity .... private industry production, not government debt spending, which is what war actually is. This created trade surpluses and returned the USA to being the largest creditor nation, rather than the largest debtor nation, as it is today. A BIG DIFFERENCE.
Today's "Depression" cannot be similarly ended primarily because there is no heavy industry to convert over from a wartime to peacetime output, along with the fact that the massive increases in the creation of money, backed by nothing, is only adding fuel to the fire.
None of the key elements responsible for extricating the country from the Great Depression back then exists today .... only a greater quantity of the causes and same contributing factors, which is the only thing government intervention is EVER good at ... making a bad situation worse.
Furthermore, the pain of the great depression was mitigated by the fact that the greater majority of the population back then were rural folks capable of sustaining themselves, while today, the opposite is true ... most are urban, and unable to tie their own shoes without a government assistance program that provides them the shoes, laces, and operating instructions.
This is the raw truth. As our manufacturing has been slowly and deliberately moved offshore ... we do not have the means to "produce" our way out of debt, which only guarantees that those debts will continue to increase. Printing more money in massive quantities as is being done still, is absolutely guaranteeing that the inevitable crash will be fatal and unrecoverable.
That so many cannot even grasp these fundamental facts explains why they cannot even begin to understand how and why this is being done ... PURPOSELY.
This is testimony to the fact that the current state of intelligence of the American public is the lowest in the history of this nation ... which only guarantees that the criminals are going to continue raping and robbing us until we are all starving in the streets.
And even then ... many will explain the disaster as the fault of "Global Warming" or Osama Bin Laden.
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