Good thing they're not in charge of Social Security

[CrusaderFrank]

In 1936, FDR warned the country about Republican chicaneries (restored) - YouTube

LOL FDR

LOL

FDR Responsible for the worst economy in human history, worse that the 7 Biblical lean years. The only thing that rescued the US economy from FDR was Hitler.

FDR

LOL

Yeah, Hitler and the massive government spending program that followed.

Yes, Hitler and not the New Deal finally ended the FDR Depression

 

[JakeStarkey]

WWII ended the global economic depression.

Rearmaments by the fascists and the militarists put their countrymen to full employment before the West.

 

[starcraftzzz]

In 1936, FDR warned the country about Republican chicaneries (restored) - YouTube

LOL FDR

LOL

FDR Responsible for the worst economy in human history, worse that the 7 Biblical lean years. The only thing that rescued the US economy from FDR was Hitler.

FDR

LOL

TheUS experienced the largest amout fo Economic growth uneerr FDR so like always youer cluess

 

[uscitizen]

Ina Drew, JPMorgan Chase CIO, Retires Amid Huge Trading Loss

If the R's get their way, the average investor could lose every cent while the ultra wealthy hardly notice. Even though Drew is retiring in shame, this will not affect her lifestyle in any appreciable way.

Yep the stats say that statistically the market gains XX% consistently.
However everyone playing the market does not gain XX%.
So if SS was invested in the market...

 

[uscitizen]

how anyone can suggest privatizing SS in light of the performance of the private sector has displayed is amzing

Consider someone who has averaged a 50K/year salary for 40 years and has saved 10%. (about the current total contribution to Social Security)
He would currently, using a conservative rate of return of 5%, have roughly $660,000 saved. He could withdraw $31,000/year and never touch the principal.
Now look at the poor schlep who stayed in the government controlled plan. He will pull down a bit under $20K/year and have no principal to leave his heirs and no savings for an emergency.
Sure, the market goes up and down, but the long term trend is always up.

so everyone who invests in the market wins?
A key word here is trend...

 

[CrusaderFrank]

WWII ended the global economic depression.

Rearmaments by the fascists and the militarists put their countrymen to full employment before the West.

Right.

That's what I've been saying

FDR + New Deal = Epic Fail

 

[CrusaderFrank]

In 1936, FDR warned the country about Republican chicaneries (restored) - YouTube

LOL FDR

LOL

FDR Responsible for the worst economy in human history, worse that the 7 Biblical lean years. The only thing that rescued the US economy from FDR was Hitler.

FDR

LOL

TheUS experienced the largest amout fo Economic growth uneerr FDR so like always youer cluess

Unemployment never dipped below 14% and averaged 20% from 1933 until Hitler conquered France in 1940.

In 1933, the Fed put back the money they stole from the US economy

 

[Mr Natural]

LOL FDR

LOL

FDR Responsible for the worst economy in human history, worse that the 7 Biblical lean years. The only thing that rescued the US economy from FDR was Hitler.

FDR

LOL

Yeah, Hitler and the massive government spending program that followed.

Yes, Hitler and not the New Deal finally ended the FDR Depression

Massive government spending nonetheless.

 

[JakeStarkey]

WWII ended the global economic depression. Rearmaments by the fascists and the militarists put their countrymen to full employment before the West.

Right. That's what I've been saying FDR + New Deal = Epic Fail

Global economy + country governments = fail. Same under Hoover.

However, system reform = B

However, relief = B+

 

[The Rabbi]

Yeah, Hitler and the massive government spending program that followed.

Yes, Hitler and not the New Deal finally ended the FDR Depression

Massive government spending nonetheless.

Well, that and drafting half the workforce really reduced unemployment. You want to try that again?

 

[JakeStarkey]

The New Deal was not successful as far as the economy went. But none of the programs anywhere by governments re industry and agriculture were successful. WWII ended the Great Depression.

 

[Mr Natural]

Yes, Hitler and not the New Deal finally ended the FDR Depression

Massive government spending nonetheless.

Well, that and drafting half the workforce really reduced unemployment. You want to try that again?

Yep, making half the workforce government employees did in fact reduce unemployment.

 

[CrusaderFrank]

Yeah, Hitler and the massive government spending program that followed.

Yes, Hitler and not the New Deal finally ended the FDR Depression

Massive government spending nonetheless.

Really?

Then what happened after WWII when the "massive government spending" stopped?

What happened after WWI when Harding, Mellon and Coolidge stopped the massive government spending?

 

[CrusaderFrank]

The New Deal was not successful as far as the economy went. But none of the programs anywhere by governments re industry and agriculture were successful. WWII ended the Great Depression.

Government programs made the Depression worse

 

[JakeStarkey]

Frank, no, government programs did not make the GD worse. You have no factual evidence to support that.

Massive government spending continued (in comparison to pre-war years) and all that pent up consumer demand with all those savings jack rocketed the economy.

 

[The Rabbi]

Massive government spending nonetheless.

Well, that and drafting half the workforce really reduced unemployment. You want to try that again?

Yep, making half the workforce government employees did in fact reduce unemployment.

And what happened to the deficit during that time?
Hint: It ballooned.
FDR's programs were terrible, prolonging and deepening the Depression. Everything was the exact opposite of what should have been done.
And Obama's policies are not much better.

 

[starcraftzzz]

Well, that and drafting half the workforce really reduced unemployment. You want to try that again?

Yep, making half the workforce government employees did in fact reduce unemployment.

And what happened to the deficit during that time?
Hint: It ballooned.
FDR's programs were terrible, prolonging and deepening the Depression. Everything was the exact opposite of what should have been done.
And Obama's policies are not much better.

How can FDRs polices deepen the depression when a year after he was president the economy was growing at a 10% rate

 

[The Rabbi]

Yep, making half the workforce government employees did in fact reduce unemployment.

And what happened to the deficit during that time?
Hint: It ballooned.
FDR's programs were terrible, prolonging and deepening the Depression. Everything was the exact opposite of what should have been done.
And Obama's policies are not much better.

How can FDRs polices deepen the depression when a year after he was president the economy was growing at a 10% rate

Imports from Japan were much lower.
Do you understand the concept of "relevance"?

 

[starcraftzzz]

And what happened to the deficit during that time?
Hint: It ballooned.
FDR's programs were terrible, prolonging and deepening the Depression. Everything was the exact opposite of what should have been done.
And Obama's policies are not much better.

How can FDRs polices deepen the depression when a year after he was president the economy was growing at a 10% rate

Imports from Japan were much lower.
Do you understand the concept of "relevance"?

Oh I see so according to you imports from Japan being lower means a 10% growth in GDP is actually a decline in GDP.... how stupid are you?

 

[JakeStarkey]

And what happened to the deficit during that time?
Hint: It ballooned.
FDR's programs were terrible, prolonging and deepening the Depression. Everything was the exact opposite of what should have been done.
And Obama's policies are not much better.

How can FDRs polices deepen the depression when a year after he was president the economy was growing at a 10% rate

Imports from Japan were much lower.
Do you understand the concept of "relevance"?

You don't, The Rabbi.