Austerity works, contrary to what Krugman says (FBI, controversial, dollars)
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UK Certainly chose to institute austerity. See post #90.
Did I say the UK? No, I didn't which is why you edited my post to take out that.
Even then, the UK doesn't have much of a choice. Their sovereign debt isn't exactly outstanding. They made the choice to do it now and do it with much less damage than to be forced into it and face the full ramifications of poor planning.
They'll no doubt be in a better standing than the others who decided they'd try every other option until they have no other choice. The direction and path is very obvious for "advanced" economies.
Quote:
Originally Posted by lucknow
And what was the reason the depression did not create a communist USA?
It surely was the "New deal" and the policies of FDR.
What in the hell are you talking about? It's well noted that FDR employed more communist than any other president in history. In fact the Vernonan Project proved that beyond any doubt.
Quote:
Originally Posted by Finn_Jarber
So you are saying we were becoming communist, but the "new deal" kept us out of it? What makes you think we were becoming communist? I don't see any evidence of it. A good example of austerity working was in US during Clintons last term. It balanced the budget. Of course at that time revenues were growing very rapidly as well.
Read some history of the depression years and how close the USA was in many instances to full blown rebellion. The communists were making great gains and the socialists even greater. The new deal and a lot of new deal programmes gaused a great defusion of a lot of this growing unrest. Programmes like the WPA, the Tennessee valley authority and many many other others convinced a lot of prople the government avtually did give a hoot wether they lived or died.
Did you ever watch that movie, "the grapes of wrath". What a piece of FAR LEFT propaganda it was and millions of Americans agreed 100% with the portrail of a government that did not care an iota for them and in fact were tied tight together with those who would oppress them and treat then far worse than beasts of burden. The American people of that time and of this time will only stand so much abuse from the government, the justice system, the oligarchs and the system in general before law and order will begin to break down more and more. I really don't think we would ever see an organized revolution but we will see society as we know it break down and the degree of chaos increase more and more.
Read some history of the depression years and how close the USA was in many instances to full blown rebellion. The communists were making great gains and the socialists even greater. The new deal and a lot of new deal programmes gaused a great defusion of a lot of this growing unrest. Programmes like the WPA, the Tennessee valley authority and many many other others convinced a lot of prople the government avtually did give a hoot wether they lived or died.
Did you ever watch that movie, "the grapes of wrath". What a piece of FAR LEFT propaganda it was and millions of Americans agreed 100% with the portrail of a government that did not care an iota for them and in fact were tied tight together with those who would oppress them and treat then far worse than beasts of burden. The American people of that time and of this time will only stand so much abuse from the government, the justice system, the oligarchs and the system in general before law and order will begin to break down more and more. I really don't think we would ever see an organized revolution but we will see society as we know it break down and the degree of chaos increase more and more.
I have read plenty of history, and I am not seeing anything to suggest US would have gone communist without the New Deal. The New Deal was the greatest accomplishment of the socialists, and they didn't do it to weaken their position, but to strengthen it.
I have read plenty of history, and I am not seeing anything to suggest US would have gone communist without the New Deal. The New Deal was the greatest accomplishment of the socialists, and they didn't do it to weaken their position, but to strengthen it.
There is a world of difference between a socialist and a communist!!!
I have read plenty of history, and I am not seeing anything to suggest US would have gone communist without the New Deal. The New Deal was the greatest accomplishment of the socialists, and they didn't do it to weaken their position, but to strengthen it.
Actually, the New Deal did a lot to save American Capitalism.
Read some history of the depression years and how close the USA was in many instances to full blown rebellion. The communists were making great gains and the socialists even greater. The new deal and a lot of new deal programmes gaused a great defusion of a lot of this growing unrest. Programmes like the WPA, the Tennessee valley authority and many many other others convinced a lot of prople the government avtually did give a hoot wether they lived or died.
Did you ever watch that movie, "the grapes of wrath". What a piece of FAR LEFT propaganda it was and millions of Americans agreed 100% with the portrail of a government that did not care an iota for them and in fact were tied tight together with those who would oppress them and treat then far worse than beasts of burden. The American people of that time and of this time will only stand so much abuse from the government, the justice system, the oligarchs and the system in general before law and order will begin to break down more and more. I really don't think we would ever see an organized revolution but we will see society as we know it break down and the degree of chaos increase more and more.
But you see that was when the people could think for themselves. Now, when the financial sector rapes us, and forces a massive bail out, we have a whole army of spin doctors and paid schills to say it was caused by the government, and all those welfare cheats who are "takers", not massive fraud and criminality. A third of the USA is addicted to that propaganda swill and so can be led by the nose,even to their own ruin. A sad state of affairs. I miss the old Irish, Italian, and Polish immigrants who were ready to bust heads when the corporate class screwed them over. Now, the working poor act like their lap dogs. At least the white ones. Thank God the minority workers still seem to know which end of the horse the hay goes into, and what comes out the other end. No, the wealthy don't need to be coddled, they need to be regulated. If they don't like it, they can move to Mongolia or Somalia or wherever they don't have to follow any rules.
... A sad state of affairs. I miss the old Irish, Italian, and Polish immigrants who were ready to bust heads when the corporate class screwed them over. Now, the working poor act like their lap dogs...
Hear, hear, those were some real fine people. I was talking to a friend of mine and we agreed it was a sad state of affairs that we kind of missed the old days when the mob ran things and the Teamsters actually got stuff done!
I think the "culture" of America, when all the immigrants flooded here, was to strip these people and all the generations afterwards of their old culture and community and mold them into something pliable for the use and abuse of whoever needs them at the time. Fast forward to today and voila! We get a bunch of easily led sheep baying at the farmer to feed them while the wolf sneaks up on them right under their noses.
I wish my grandpa was around so I could ask him about the current state of affairs, he would have told it like it is. He was a farmer with an 8th grade education but was probably smarter than half of America today!
Krugman on Iceland's handling of the financial crisis.
He said they "broke all the rules" and barely acknowledged that things turned out "not too bad".
That's about the best you're going to get from him acknowledging austerity and taking your lumps.
Staying bogged down in debt is somehow good.....
The Times Does Iceland - NYTimes.com
And more broadly, Iceland is a dramatic demonstration of the wrongness of conventional wisdom in these times. Ireland did everything it was supposed to; nobody would describe it as “healing”. Iceland broke all the rules, and things are not too bad.
When the population is struggling, it is easier to fool them to thinking government is the solution.
It is the formula, for total government control and engineering, over a once free society.
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