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This stimulus package looks like it will do more harm than good and..
Has alot of money for things that will not create jobs.
Do we really need to add another trillion to the debt??
Did we not learn from Hoover & FDR...???
This stimulus package looks like it will do more harm than good and..
Has alot of money for things that will not create jobs.
Do we really need to add another trillion to the debt??
Did we not learn from Hoover & FDR...???
I learned quite a bit from my mother and father, both of whom lived through fdr's debacle.
the gold, silver and other items I have stored away shall see the federal goverments hands.
Arguments that the New Deal was not effective are silly - especially from those who in the very next breath claim that WW II ended the Depression. What was it about WW II that ended the Depression?
Was it the millions of Americans who went on the government payroll serving in the military?
Or was the hundreds of millions of dollars the US government poured into the economy buying everything from pencils and erasers, to chairs and desks, to jeeps and trucks, to ships an submarines, to fighters and bombers to atomic bombs?
Both the New Deal and WW II served as economic stimuli because the government spent money. The main difference is that in the New Deal the government spent a lot of money and achieved some degree of success - and in WW II the government spent tons and tons and tons of money and achieved a huge success.
FDR's 'failure' with the New Deal was not that he spent all that government money, it was that he didn't spend ENOUGH government money to effectively jump start the economy. He was too timid and conservative when he needed to be brave and bold.
The New Deal worked "pretty well' - but it could have worked a LOT better had FDR not been so constrained.
Ken
Last edited by LordBalfor; 02-10-2009 at 08:38 AM..
This stimulus package looks like it will do more harm than good and..
Has alot of money for things that will not create jobs.
Do we really need to add another trillion to the debt??
Did we not learn from Hoover & FDR...???
You really need a history lesson. Look at the GDP chart in this video. Notice how the GDP went up 50%(!!!) in FDR's first term? The New Deal was just an absolutely amazing out of the park home run success.
Hoover and the GOP tried the do nothing approach for three years and the economy did nothing but get worse and worse. Look at the graph. Do you notice that the second the new deal started everything turned around and the economy started growing at 10% per year? That's an amazing success.
You really need a history lesson. Look at the GDP chart in this video. Notice how the GDP went up 50%(!!!) in FDR's first term? The New Deal was just an absolutely amazing out of the park home run success.
Hoover and the GOP tried the do nothing approach for three years and the economy did nothing but get worse and worse. Look at the graph. Do you notice that the second the new deal started everything turned around and the economy started growing at 10% per year? That's an amazing success.
I just can't see how this new "New Deal " will ever work. The people in this country will never work as hard as our Grandparents had to during the Depression. Could you see 6000 guys lining up to work like the photo linked. File:CWA 6000 men.jpg - Wikipedia, the free encyclopedia
How for example do they intend to find Qualified lineman to build all the transmission line needed. You can't find guys to that work now. and it takes 1 -2 years to become an Apprentice lineman. What about the government regulations that slow down projects? Permits. etc. It takes years to build a bridge if you follow the rules in place today.....
Yup - the whole "the New Deal was a failure" revisionist history BS is just that - BS. Note how NONE of these folks who make the claim that New Deal was a failure and that it was WW II that ended the Depression can even begin to explain HOW that is - and how WW II was fundamentally different from the New Deal in that regard.
As I've posted MANY times (without a single person being able to debunk my argument with any kind of logical argument) BOTH the New Deal and WW II increased employment and improved the economy the exact same way - by the government directly employing Americans and by it pumping money directly into the economy by government spending. The fact is, the FDR bashers on this site simply parrot back the phrases of Conservative pundits without really understanding anything or giving any thought to whether or not their arguments that the New Deal was a failure as a concept and that it was WW II that ended the Depression really make any sense. As I said before - there was little fundimental difference between the two - mostly it was really a matter of scale. In the New Deal FDR spent a lot of money and had pretty good success, whereas in WW II FDR spend a ton of money and had a ton of success. The bigger the spending, the bigger the success was.
Ken
Last edited by LordBalfor; 02-10-2009 at 03:49 PM..
Yup - the whole "the New Deal" was a failure revisionist history BS is just that - BS. Note how NONE of these folks who make the claim that New Deal was a failure and that it was WW II that ended the Depression can even begin to explain HOW that is - and how WW II was fundamentally different from the New Deal in that regard.
As I've posted MANY times (without a single person being able to debunk my argument with any kind of logical argument) BOTH the New Deal and WW II increased employment and improved the economy the exact same way - by the government directly employing Americans and by it pumping money directly into the economy by government spending. The fact is, the FDR bashers on this site simply parrot back the phrases of Conservative pundits without really understanding anything or giving any thought to whether or not their arguments that the New Deal was a failure as a concept and that it was WW II that ended the Depression really make any sense. As I said before - there was little fundimental difference between the two - mostly it was really a matter of scale. In the New Deal FDR spent a lot of money and had pretty good success, whereas in WW II FDR spend a ton of money and had a ton of success. The bigger the spending, the bigger the success was.
Ken
The economy is cyclical, you will have ups and downs over time. We got out of the great depression, the question is was it because or in spite of the new deal. It would have passed, many (including respected economists) have presented data that indicated the ND extended the length of the recovery greatly.
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