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He didn't. We had Nazis and Japanese to kill, which sent GDP through the roof... Because so much of what was created was expended fighting the war. FDRs programs did not produce anything. That is the problem. The government DOES NOT PRODUCE ANYTHING. How can you boost GDP by spending nothing to produce nothing? We need natural GDP growth, not the government wildly throwing our hard earned money out the window at pipe dreams.
The government destroys everything it touches. Ever bother to pick up a history book?
Wasn't it the great wars that ate up our surplus and the giant temporary tax burden on the American people? I'm probably wrong, but back on subject.
So... I am at wits end here. I though working my ass off for an Associates with training in Cisco,Microsoft, and Linux would pay off. Including industry certifications! But from what im experiencing if you were unemployed for more then 1 year and got a job not related to your experience, for another year, that the past, say 10 years, in my case, experience is made invalid? So should I have stayed unemployed and held a sign out on the street saying "looking for IT internship to keep my skills?"
Schooling doesn't count for anything either. EVEN THOUGH with things like cisco, microsoft, and linux you are given a **** load of real world labs.... w...t...f..?
I can't get a job at mcdonnalds. Even my friend that speaks 3 languages can't get a job there. Wendy's is supposedly going under, walmart black listed me because I quit and thats a no no there apparently. I've put out my resume in 10 different cities around the usa, minus nyc and chicago. Not a single reply. These next two jobs that look promising better go through... but if they don't, im not really sure what to do. Sales and anything to do with face to face interaction doesn't work. I am not that kind of person. it's not that I won't do it, it's I am not good at all with that kind of thing. I've applied for lawn mower jobs, day labors, it never ends. I'm sick of applying to hundreds of jobs.
I can't be on unemployment forever, i don't want to, nor do i want to move back in with my parents.
There is another thing. I want to start my own business, but like everyone else, im broke. I would love to start a jimmy johns or dunkin donuts, but both franchises limit you to where you can go and open a store. I can fix and train an old lady on her computer, but that is not promising income nor do i know how to market such a thing. Lastly, I've been learning C, as in the programming language, in hopes to make the many children games i've drawn out and designed, but could never figure out how to put it in program form.
World war two "fixed" the depression. It wasn't so much the war itself but the fact that most of Europe's industrial capacity was destroyed and took decades to come back. Our (the U.S.) capacity had expanded during the war and filled the gap.
Niw the war that will result from THIS financial collapse might not work in our favor this time around........
Average unemployment rate by year. Odds are if somone, anyone is in there other than Obama things will get better
Clinton 1993 6.9%
Clinton 1994 6.1%
Clinton 1995 5.6%
Clinton 1996 5.4%
Clinton 1997 4.9%
Clinton 1998 4.5%
Clinton 1999 4.2%
Clinton 2000 4%
Bush 2001 4.7%
Bush 2002 5.8%
Bush 2003 6%
Bush 2004 5.5%
Bush 2005 5.1%
Bush 2006 4.6%
Bush 2007 4.6%
Bush 2008 5.8%
Obama 2009 9.3%
Obama 2010 9.6%
Man when are you going to stop bashing Obama? You have multiple threads on P and C bashing him. you're just trolling.
Let it go man, your act is old.
Quote:
Originally Posted by joseph107
Average unemployment rate by year. Odds are if somone, anyone is in there other than Obama things will get better
Clinton 1993 6.9%
Clinton 1994 6.1%
Clinton 1995 5.6%
Clinton 1996 5.4%
Clinton 1997 4.9%
Clinton 1998 4.5%
Clinton 1999 4.2%
Clinton 2000 4%
Bush 2001 4.7%
Bush 2002 5.8%
Bush 2003 6%
Bush 2004 5.5%
Bush 2005 5.1%
Bush 2006 4.6%
Bush 2007 4.6%
Bush 2008 5.8%
Obama 2009 9.3%
Obama 2010 9.6%
Thank you to the poster who so cogently answered my question about the possible myth of companies sitting on cash because of uncertainty. That was a really clear answer. Thanks again.
Average unemployment rate by year. Odds are if somone, anyone is in there other than Obama things will get better
Clinton 1993 6.9%
Clinton 1994 6.1%
Clinton 1995 5.6%
Clinton 1996 5.4%
Clinton 1997 4.9%
Clinton 1998 4.5%
Clinton 1999 4.2%
Clinton 2000 4%
Bush 2001 4.7%
Bush 2002 5.8%
Bush 2003 6%
Bush 2004 5.5%
Bush 2005 5.1%
Bush 2006 4.6%
Bush 2007 4.6%
Bush 2008 5.8%
Obama 2009 9.3%
Obama 2010 9.6%
yeah i'd like to know what was the unemployment rate under George Bush Sr. and Ronald Reagan, but anyway, I wonder why FDR gets most of the credit for fixing the Great Depression
yeah i'd like to know what was the unemployment rate under George Bush Sr. and Ronald Reagan, but anyway, I wonder why FDR gets most of the credit for fixing the Great Depression
Because we don't want to teach our children that one of the bloodiest wars in our history saved the economy... They might get the wrong idea about war. So, in every public school across the country, young people are taught to believe that FDR magically solved out economic woes.
First, we are not in a recession. We are in a depression. A recession is essentially a price adjustment. A depression is a balance sheet adjustment. Until businesses, individuals, and government alike have unwound their debt burden, we will not be in a healthy economy.
That being said, business has largely managed to put their debt back into control. The next step is to curb government spending in order to reduce deficits. That's going to require some discipline and sacrifice from all sectors of society, not just the wealthiest taxpayers. Finally, individuals will have to continue paying off both their credit cards and their home equity lines. Until those actions take place, there will not be a strong foundation for future growth.
I've spent twenty years so far studying the Great Depression, pretty much 80% of my life.
We are NOT in a depression.
Those who issue sound bites don't have a clue as to the sort of chaos and poverty that existed during the great depression.
Next month, we're going to see a new long line of Apple fans waiting outside stores for the 4S. And yes, we're in a depression In a depression, one of the first things that will be absent will be credit, which means nobody can buy anything any longer.
If anything, the TARP and other bailouts were pumped into the economy to prevent that sort of chaos which ruled the streets during the depression. That form of capital injection was not adopted following the stock market crash and the two decades that followed.
However, if Washington is unable to see eye to eye and fix the economic system, and if Europe spirals out of control, we can head back into recession.
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for me. 
In a depression, one of the first things that will be absent will be credit, which means nobody can buy anything any longer.
