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A simple chart of American exports in the late 30s will confirm that it was in fact WWII that pulled us out of recession. The war, and post year growth would be unmatched until the Reagan years.
It is true WW2 stimulated economy like never before, but it is also true to say war is government spending in steroids. The world war gave the federal government the perfect excuse for unlimited spending and full control over the economy. Manufacturing was restarted through government contracts, which provided the industries a steady flow of business, which in turn put an end to unemployment. The New Deal had unintentionally prepared US to embark on such government maneuvering, as the numerous New Deal government agencies were the ones who advocated, and in many cases oversaw industry 'conversion' from civilian to military goods.
Who said anything about privatizing!!!
Those who could save for themselves would prove they have saved for the golden years and dependant on themselves.
Also charity and other programs of private savings could have solved most of the inflation and dependance of other generations to pay for themselves.
Social Security would be an option not a requirement.
The system also serves as a safeguard for those who weren't able to save or perhaps had bad luck in the markets or lost their savings because of some tragic event.
Nowhere near Reagan or Bush. Stop acting like you care about debts and defecits. The only president that that balanced the budget lately was Clinton and Idoubt taht your going to give him any credit. Oh I forgot you guys tried to take responsibility for that too.
neither reagan or bush were fiscal conservatives. my loathing for them is no less than for clinton or obama
neither reagan or bush were fiscal conservatives. my loathing for them is no less than for clinton or obama
Hey 58 you seem much more central than a Right-Wing Conservative. I agree with alot of what you said about Social Security. BUT the good far far outweigh the bad. IF we were not taking care of the Elderly, the disabled and the poor....do you know HOW MUCH WORSE WE WOULD BE?
Yes it is misused by many and too many are TOO DEPENDANT on it....
But again my point was alot of FDR's New Deal programs are still in full use TODAY!
I fail to see how that is possible without it being majorly successful....
Great stuff, I will have to look it up. I'm only just starting to study the '20s, so I appreciate it.
Cool thanks bud. The "Roaring Twenties" were very interesting times. I am a big fan of Woodrow Wilson, Harding, and "Keep your Cool" Calvin Coolidge. By the way the most popular man in America during the 1920s....Herbert Hoover.
Frank I appreciate the try you make a good point (My analogy of FDR winning of states can be put to rest with other examples, Ok I get it). BUT still FDR won the biggest landslide in history (Electoral college included).
I believe that was because his New Deal plan was working.
He cut Unemployment by more than 40% his first term, his New Deal programs the CCC and WPA created millions and millions of jobs all before WWII
The Stock Market had recovered and the Dow increased its returns by 60% in the First YEAR of the NEW Deal. Here is the chart, how is this possible if the New Deal was not successful?
Again this is ALL BEFORE WWII
The system also serves as a safeguard for those who weren't able to save or perhaps had bad luck in the markets or lost their savings because of some tragic event.
Yes and that is why I said it would be VOLUTARY or an option and most importantly you could CALL IT INSURANCE "safeguarding" IF you want to but I can tell you now a free market will replace the Social security in a second and you socialists can pay into all you want and when its broke dont run to me for more taxes. Also you can put your money into other things other then markets. Really honestly we are broke the US treasury is broke and I find this whole thing funny. The tragic event was the result of BIG GOVERNMENT spending. Democrats and Republicans voted for spending and wars, and spending and more spending until the point that I just look at your comment above and question this is your INSURANCE your safeguard, Government? The government is 11 trillion in DEBT!! Your trust in the government is your downfall. I trust the American people I even trust you to make the decision on what to buy for lunch everyday and you dont see me regulating that. I dont tell you how much you can spend on your lunch, what you can eat and most importantly I dont want to tax you on it. Its your money and your responsiblity. I know when it comes to making the economy run we actually are the ones who do it not the government. Geez a few years of Bush and now Obama and the government might just collapse. So how is printing fake money the solution to bad luck and markets and this so called insurance to make you FEEL safe and secure!
The actions of this government can not be explained I dont care who is in office it is reckless and just shows you how BIG GOVERNMENT can screw up!
I know that I am waaaay off base here, so please forgive me.
What has social security really done for people? I know that it has confiscated amazing amounts of wealth since its inception. I know also that it has removed the natural responsibility of children to care for their parents. I know that it has "inadvertently" discouraged the responsible saving of money for their retirements. I know that it has created a "right" to retire for anyone regardless of their value to society.
As to the "success" of social security. Yes it has allowed countless greedy children to abandon their parents without remorse because Godvernment will take care of them. And yes, any programs, no matter how destructive, will continue forever as long as people see it as a "right". This is precisely how socialism serves as the non-violent bridge between capitalism and communism.
Tax people into a state of need, "provide" them relief, tax them into further need, provide them even more. Program after program is developed until we need everything to be "provided". This is how the freedom-loving "capitalists" will beg to be enslaved by communism. Genius.
All the while, your oppressors feign benevolence, while they experiment on their subjects. How sad.
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A simple chart of American exports in the late 30s will confirm that it was in fact WWII that pulled us out of recession. The war, and post year growth would be unmatched until the Reagan years.
