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Im right here buddy,how ya doing?
Do you think all this debt will have no impact?
Yes, it will have an impact...at least, so most people hope. In the longer run, the impacts of the debt can be dealt with. In the shorter run, the impacts of non-debt are non-acceptable.
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Originally Posted by averagejoe76
What about the risks of flooding the economy with all this money?
The lake just got drained of tens of trillions of dollar worth of wealth. That might do something to reduce all these risks of flooding you perceive.
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Originally Posted by averagejoe76
You need to change our economy to making things again...
Most of our Economy is based on buying stuff...
We have a phony economy.
Then it's been phony for a very long time...
Personal Consumption Expenditures as a Percent of GDP...
I don't think that is what I am doing. Rather, I am trying to provide a broader perspective on how ignorance and racism provokes aggression and engenders violence and brutality. And to make the point that virtually every nation has been guilty of such ignorance and racism.
And really: to argue that only Japan has ever engaged in "the humilation or murder of civilians and surrendered soldiers" is patently absurd.
You would be correct. Throw in greed and you have just explained why Japan tried to take over China and most of Asia. Co-Prosperity Sphere my ass.
Nobody let alone I said Japan was the only one guilty of "the humiliation...". However, the "others did it so it was ok for them" is a non-starter.
Japan got what they deserved. FDR and Truman did well.
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...???
Should have asked this same question of the previous adminstration, right?
Our traitorous business sector gave our economy to China in return for bigger profits in their pockets.
No one wants to say that we need manufacturing back here, because it points a finger at corporations.
When money doesn’t mean anything anymore, the economy will tank.
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.
Yeah right Hoover did nothing except raise taxes and sign Smoot-Hawley. The stock market crashes of 1929 led to runs on banks that probably wouldn't have happened if we had a FDIC. That was Hoover's fault.
GDP went up 50%!!! because of some brilliant new deal plan? Or was it a band aid of government purchasing materials and products we had previously exported before the retaliation to Smoot-Hawley by our trading partners? Think the increase in GDP might have something to do with having not a single bank open for business in spring of 1932? Kinda hard to grow an economy without banks!!!
New Deal? Unemployment increased from 14.3% in 1937 to 19.0% in 1938 with GDP falling about 7% The unemployment rate didn't reach single digits until 1941, and the only reason that happened was the military draft being reinstated in 1940. 1943-45 had unemployment rates below 2%. That means employers were fighting for employees. Reason for that was WW2 and nothing else.
Do you not investigate the things you are told on MSNBC?
Japan has had ten of these "stimulus packages" since the early nineties. None of them worked. The whole of Western Europe excepting Italy, Spain and Germany has a higher debt to GDP ratio that US citizens. Last I heard their governments spend far more that we do on these sorts of projects. Our GDP per capita is at the top of the charts too. By and large we're doing better that the rest of the world without the tax and spend socialism that is being proposed.
World of difference between stringing phone line and working high voltage. Send me some journey transmission linemen I could hire 10 tomarrow.....
And your bridge comparison is apples to oranges. They were reacting to a disaster and lifted most of the requirements normally needed. As for your Fireman job link? again apples to oranges. Try to find people to do hard labor like building roads, bridges etc. or even climbing poles (not a dis at firefighters! I wouldn't do your job!) never happen............
P.S. Here's a link for lineman jobs.... been openings for a looong time... Lineman jobs | MySpace Jobs
It's all academic because the new deal did nothing to end unemployment that simply regulating the banks and creating the FDIC wouldn't have done. Smoot-Hawley did real harm to the economy along with the high marginal tax rates that we kept. Unemployment remained high all through the thirties and didn't get back to single digits until after the military draft was reinstated in 1940. Unemployment declined to 9.9% in 1941 from 14.6% the year before. The average unemployment rate during Roosevelt's presidency from 1933 until the military draft took thousands of young men out of the civilian work force in 1940 was 18.6%. After eight years of "new deal" the unemployment rate in 1940 was still 14.6%. The "new deal" didn't work!
It's all academic because the new deal did nothing to end unemployment that simply regulating the banks and creating the FDIC wouldn't have done. Smoot-Hawley did real harm to the economy along with the high marginal tax rates that we kept. Unemployment remained high all through the thirties and didn't get back to single digits until after the military draft was reinstated in 1940. Unemployment declined to 9.9% in 1941 from 14.6% the year before. The average unemployment rate during Roosevelt's presidency from 1933 until the military draft took thousands of young men out of the civilian work force in 1940 was 18.6%. After eight years of "new deal" the unemployment rate in 1940 was still 14.6%. The "new deal" didn't work!
You are hilarious FDIC is part of the new deal. We lost 90% of GDP from1929 to 1933 and that quickly turned around once the new deal was enacted. Smoot hawley was enacted by Hoover not FDR. Unemployment went from 24.9% to 14% in three years, 15 million unemployed down to 7 million that is impressive. Unemployment rose after FDR cut spending to appease the Republicans in 1937 and is blamed. See what bi-partisanship with republican scum gets you. The new deal was a great sucess but wasn't perfect. It certainly more impressive than anything that any republican president has done.
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