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Old 11-27-2011, 01:46 PM
 
Location: Texas
37,941 posts, read 17,732,136 times
Reputation: 10366

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Quote:
Originally Posted by MTAtech View Post
While you try to legitimize your own position by saying, "the majority come to the conclusion," the fact is that the overwhelming body of economists DO NOT come to your conclusion. Of the ones that did, it was shown that they had an agenda and engaged in dubious methodology.

If you are looking toward Harding for policies that you say yielded prosperity, you are sadly misguided. As I've shown in this post: //www.city-data.com/forum/21812533-post191.html, his policies were disastrous. The economy experienced deflation and unemployment during the 1920 recession; followed by two good years and then another recession.

Total/Defense Only ($bil.)
1919....... 18.9/11.3
1920....... 6.6/2.6
1921....... 5.5/2.1
1922....... 3.8/1.3
1923....... 3.7/1.3

What happened was that the massive government spending and tax cuts created the 1920 recession and further cuts created the 1924 recession.
You have no factual evidence except that you said so. Anyone with a bit of knowledge knows the government caused the depression of 1920 by printing money and debasing the currency to pay for WW1. Gee could it be a Central Bank is used to finance wars??? Who would have thunk it, except maybe people who know economics. The Fed created credit to support the Liberty Loans.

In 1924 we saw an increase in reserve discounts because the rediscount rate was set below the market. Hurray for government intervention.
Couldn't have been America was trying to help Britain get back to gold by lowering interest rates below market could it? Lowering interest rates stopped the gold flow that was coming into the US. Forty percent of that flow came from Britain.

nice charts though
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Old 11-27-2011, 02:01 PM
 
Location: Foot of the Rockies
90,316 posts, read 120,202,031 times
Reputation: 35920
Quote:
Originally Posted by BentBow View Post
The churches funded the vaccines and administered as most all of the nuns, were the hospital nurses.
Well, that's cool.
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Old 11-27-2011, 02:14 PM
 
69,368 posts, read 63,850,368 times
Reputation: 9383
Quote:
Originally Posted by MTAtech View Post
Social Security dependent? This people worked long enough to be entitled to Social Security. They're not slackers or moochers.

You can't re-write history. The Social Security generation is the only generation that didn't live in poverty. Prior generations did live in poverty.
You dont live people out of poverty by taking away their money .
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Old 11-27-2011, 06:11 PM
 
Location: Foot of the Rockies
90,316 posts, read 120,202,031 times
Reputation: 35920
Social Security and Poverty Among the Elderly - Embargoed Press Release - 4/8/99

Social Security reduces the proportion of elderly people living in poverty from nearly one in two to fewer than one in eight, according to a new study released today of Census data. The study found that in 1997, nearly half of all elderly people — 47.6 percent — had incomes below the poverty line before receipt of Social Security benefits. After receiving Social Security benefits, only 11.9 percent remained poor.
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Old 11-28-2011, 03:36 PM
 
13,609 posts, read 20,664,651 times
Reputation: 7620
I was watching some Little Rascals episodes over the weekend. A number of them had the "NRA" (National Recovery Act) logo on the opening credits.

The New Deal really touched on a lot of areas.
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Old 11-28-2011, 04:32 PM
 
2,472 posts, read 3,185,795 times
Reputation: 2267
Silly OP, lies are for right wingers. FDR has the title of one of the best presidents in history.
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