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Originally Posted by Propulser
Never, ever believe anyone who says things like "'nuff said", or "there's nothing more to argue". They are always wrong, always, and they want not more debate because it will prove them wrong.
Roosevelt was a disaster, he New Deal was a disaster (as the Sec. Treas later railed against the huge waste of spending. Roosevelt's policies turned a minor recession into a depression, kinda like Obama and his 12.5% unemployment.
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Originally Posted by le roi
This is an Absurd interpretation of politics
This is an absurd interpretation of history
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Originally Posted by momonkey
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Originally Posted by le roi
A statement taken out of context.
Morgenthau goes on to say that the program was never implemented as it was designed, and that "We have never begun to tax the people. I don't pay what I should. People of my class don't. People who have it should pay. We have not changed."
His argument was that the wealthy should be taxed in order to balance the budget.
Not to mention that (A) this doesn't prove anything about the effectiveness of the new deal, and (B) has nothing to do with Obama.
http://www.burtfolsom.com/wp-content...Morgenthau.pdf
Also , the chart posted on that very article shows that the jobless rate of nonfarm workers had fallen substantially since the passing of the new deal.
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"His argument was that the wealthy should be taxed in order to balance the budget."
Taxes on the wealthy would make all that spending he claims hasn't worked for eight years work?
Stimulus spending only works when there is a balanced budget?
The New Deal failed right up until 1940 when the Selective Training and Serve Act started pulling able-bodied males out of the work force.
Then, and only then, did the civilian unemployment rate drop below 14%.
WWII bailed out the failed New Deal and gave statists a chance to rewrite history for the clueless.
The US economy was in sharp recession following WWI and nothing was done to "fix" the economy.
If fact, this would be the last time nothing would be attempted to remedy a faltering US economy.
The post WWI economy rebounded nicely without state intervention.
So what if your chart shows the jobless rate falling at the same time new-dealery was implemented?
Did you really think it would stay at its peak indefinitely?
Just because you run to the front of a parade doesn't mean you are leading it.
http://www.burtfolsom.com/wp-content...Morgenthau.pdf
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