One Man’s Capitalism….

[rightwinger]

What happened with Hoover?
He fought the Depression for three years and it got worse

Unemployment went up with FDR not down until WWII

Not true
Unemployment went up every year under Republican Hoover
Dropped under FDR

Redirect Notice

Lier, unemployment went up under the new deal, then went down with WWII just like Obama it went up after his stimulous package and I only got $400 bucks.

That one is the most prodigious liar on the board.

I never lie
I am the most honest poster on USMB

 

[Wyatt earp]

What happened with Hoover?
He fought the Depression for three years and it got worse

Unemployment went up with FDR not down until WWII

Not true
Unemployment went up every year under Republican Hoover
Dropped under FDR

Redirect Notice

Lier, unemployment went up under the new deal, then went down with WWII just like Obama it went up after his stimulous package and I only got $400 bucks.

Read it and weep

View attachment 371436

Can you read a fucking graph?

Proved you wrong didn’t it.

Showed it going UP every year under Republican policies and down under FDR

You didn't prove nothing except ignorance

 

[berg80]

…is another man’s Fascism

Combine politics and economics and you get politics.

In this thread:
a. Republican Harding vs Democrat Roosevelt: Depressions.
b. Mussolini’s economic program was FDR’s New Deal
c. Crony Capitalism, or how politicians get rich
d. The real reason bureaucrats hate Trump.



1."The Great Depression (1929-39) was the deepest and longest-lasting economic downturn in the history of the Western industrialized world. In the United States, ..."The Great Depression - Facts & Summary - HISTORY.com While "The Depression" is probably the only economic downturn ever studied in government schools, few ever speak of any depressions or recessions prior to the "Great Depression."
Know how many there were?
Over thirty. And the average length was a year or so.
List of recessions in the United States - List of recessions in the United States - Wikipedia

The Great Depression was a shock to the economic system like no other. Remember, just prior to this recession, Republican free market polices led to what John Kennedy called ‘a rising tide that lifts all boats.’ The ‘Roaring Twenties.’

"After the depression [1920-1921] the United States proceeded to enjoy the “Roaring Twenties,” arguably the most prosperous decade in the country’s history. Some of this prosperity was illusory—itself the result of subsequent Fed inflation—but nonetheless the 1920–1921 depression “purged the rottenness out of the system” and provided a solid framework for sustainable growth."
The conclusion seems obvious to anyone whose mind is not firmly locked into the Keynesian or monetarist framework: The free market works.
The Depression You’ve Never Heard Of: 1920-1921 | The Freeman | Ideas On Liberty


The 1920s were an age of dramatic social and political change. For the first time, more Americans lived in cities than on farms. The nation’s total wealth more than doubled between 1920 and 1929, and this economic growth swept many Americans into an affluent but unfamiliar “consumer society.” Roaring Twenties


The 1920s earned their moniker—the "Roaring Twenties"—through the decade's real and sustained prosperity, dizzying technological advancements, and lively culture. The decade marked the flourishing of the modern mass-production, mass-consumption economy, which delivered fantastic profits to investors while also raising the living standard of the urban middle- and working-class. The 1920s Analysis | Shmoop

A tide of economic and social change swept across the country in the 1920s. Nicknames for the decade, such as “the Jazz Age” or “the Roaring Twenties,” convey something of the excitement and the changes in social conventions that were taking place at the time. As the economy boomed, wages rose for most Americans and prices fell, resulting in a higher standard of living and a dramatic increase in consumer consumption.... The American economy's phenomenal growth rate during the '20s...."

A New Society: Economic & Social Change

A tide of economic and social change swept across the country in the 1920s. Nicknames for the decade, such as “the Jazz Age” or “the Roaring T

www.cliffsnotes.com

2. Note how Republican Harding solved the ’20-’21 depression, and we’ll see how Democrat FDR knew about the solution, but did the very opposite.

"America’s greatest depression fighter was Warren Gamaliel Harding. An Ohio senator when he was elected president in 1920, he followed Woodrow Wilson who got America into World War I, ...Harding inherited the mess, in particular the post-World War I depression – almost as severe, from peak to trough, as the Great Contraction from 1929 to 1933, that FDR inherited and prolonged. Richard K. Vedder and Lowell E. Gallaway, in their book Out of Work (1993), noted that the magnitude of the 1920 depression "exceeded that for the Great Depression of the following decade for several quarters." The estimated gross national product plunged 24% from $91.5 billion in 1920 to $69.6 billion in 1921. The number of unemployed people jumped from 2.1 million in 1920 to 4.9 million in 1921.

Harding had a much better understanding of how an economy works. Harding, wrote historian Robert K. Murray, in The Harding Era (1969), "always decried high taxes, government waste, and excessive governmental interference in the private sector of the economy. In February 1920, shortly after announcing his candidacy, he advocated a cut in government expenditures and stated that government ought to ‘strike the shackles from industry.’ ‘We need vastly more freedom than we do regulation,’ he said. Surprisingly, big business took very little notice of him at the time."
One of Harding’s campaign slogans was "less government in business," and it served him well. … just a year and a half after Harding became president, the Roaring 20s were underway
Harding had the depression of 1920 licked in a year and a half, but under the "progressive" FDR, the Great Depression would persisted throughout the 1930s, until FDR began conscripting millions of young men for the armed forces.
America’s Greatest Depression*Fighter by Jim Powell



Either the free market......or "You didn't build that!"

There is no separating politics and economics.

Good job. I see you have your count up to 407 per week or almost 60 horseshit posts a day. I'm sure Vlad is very proud of you.

Here's a quiz relating to this horseshit thread. Who said....... "I am not fit for this office and should never have been here."?

 

[rightwinger]

What happened with Hoover?
He fought the Depression for three years and it got worse

Unemployment went up with FDR not down until WWII

Not true
Unemployment went up every year under Republican Hoover
Dropped under FDR

Redirect Notice

Lier, unemployment went up under the new deal, then went down with WWII just like Obama it went up after his stimulous package and I only got $400 bucks.

Read it and weep

View attachment 371436

Can you read a fucking graph?

Proved you wrong didn’t it.

Showed it going UP every year under Republican policies and down under FDR

You didn't prove nothing except ignorance

I provided evidence of the Great FDR dropping the unemployment rate

You provided nothing

 

[PoliticalChic]

3. Democrats/Progressives looked to Germanic visions of governance, Hegel, Marx and Bismarck. That is the source of their doctrines…..not Jefferson, Madison and Adams.

“The American intellectual class from the mid 19th century onward has disliked liberalism (which originally referred to individualism, private property, and limits on power) precisely because the liberal society has no overarching goal.” http://fff.org/freedom/fd0203c.asp



Wilson and the Progressives tried to make war socialism permanent, but the voters didn’t agree. They (Progressives) began to agree more and more with Bismarckian top-down socialism, and looked to Russia and Italy where ‘men of action’ were creating utopias. Also, John Dewey renamed Progressivism as ‘liberalism,’ which had referred to political and economic liberty, along the lines of John Locke and Adam Smith: maximum individual freedom under a minimalist state. Dewey changed the meaning to the Prussian meaning: alleviation of material and educational poverty, and the removal of old ideas and faiths. Classical liberals were more like what we call Conservatives.

As a result of Dewey’s name changing, the Progressives and Socialists are called today, erroneously, Liberals.



4. Classical liberalism, the optimistic doctrine that gave us liberty, democracy, progress, was a moral project. It held that human society could always better itself by encouraging the good and diminishing the bad. It rested, therefore, on a very clear understanding that there was a higher cause than self-realization: that there were such things as right and wrong and that the former should be preferred over the latter. But the belief that autonomous individuals had the right to make subjective judgment about what was right for them in pursuit of their unchallengeable entitlement to happiness destroyed that understanding. Progressives interpreted liberty as license, thus destroying the moral rules that make freedom a virtue.
From “World Turned Upside Down,” by Melanie Phillips. p.284




The Founders, classical liberals, conservatives
a. individualism, free markets, and limited constitutional government.


Fascists, Nazis, Liberals, Progressives, Socialists, Communists....Democrats
b. the collective, command and control regulation of private industry, and overarching government that can order every aspect of the private citizen's life....right down to control of his thoughts and speech.

 

[Wyatt earp]

What happened with Hoover?
He fought the Depression for three years and it got worse

Unemployment went up with FDR not down until WWII

Not true
Unemployment went up every year under Republican Hoover
Dropped under FDR

Redirect Notice

Lier, unemployment went up under the new deal, then went down with WWII just like Obama it went up after his stimulous package and I only got $400 bucks.

That one is the most prodigious liar on the board.

I never lie
I am the most honest poster on USMB

What happened with Hoover?
He fought the Depression for three years and it got worse

Unemployment went up with FDR not down until WWII

Not true
Unemployment went up every year under Republican Hoover
Dropped under FDR

Redirect Notice

Lier, unemployment went up under the new deal, then went down with WWII just like Obama it went up after his stimulous package and I only got $400 bucks.

Read it and weep

View attachment 371436

Can you read a fucking graph?

Proved you wrong didn’t it.

Showed it going UP every year under Republican policies and down under FDR

You didn't prove nothing except ignorance

I provided evidence of the Great FDR dropping the unemployment rate

You provided nothing

Blah blah blah, WWII saved the racist FDR

 

[Mac1958]

Like the free market?

Look at rising drug prices

Trumpsters have a pretty warped view of capitalism. They think they own it, yet they're mishandling it so badly that socialism is gaining momentum by the hour.

Arrogant ignorance. They won't look in the mirror when they scream about the commies.

 

[rightwinger]

What happened with Hoover?
He fought the Depression for three years and it got worse

Unemployment went up with FDR not down until WWII

Not true
Unemployment went up every year under Republican Hoover
Dropped under FDR

Redirect Notice

Lier, unemployment went up under the new deal, then went down with WWII just like Obama it went up after his stimulous package and I only got $400 bucks.

That one is the most prodigious liar on the board.

I never lie
I am the most honest poster on USMB

What happened with Hoover?
He fought the Depression for three years and it got worse

Unemployment went up with FDR not down until WWII

Not true
Unemployment went up every year under Republican Hoover
Dropped under FDR

Redirect Notice

Lier, unemployment went up under the new deal, then went down with WWII just like Obama it went up after his stimulous package and I only got $400 bucks.

Read it and weep

View attachment 371436

Can you read a fucking graph?

Proved you wrong didn’t it.

Showed it going UP every year under Republican policies and down under FDR

You didn't prove nothing except ignorance

I provided evidence of the Great FDR dropping the unemployment rate

You provided nothing

Blah blah blah, WWII saved the racist FDR

The Great FDR saved the US from a Depression and then saved the rest of the world from Fascism

 

[Wyatt earp]

What happened with Hoover?
He fought the Depression for three years and it got worse

Unemployment went up with FDR not down until WWII

Not true
Unemployment went up every year under Republican Hoover
Dropped under FDR

Redirect Notice

Lier, unemployment went up under the new deal, then went down with WWII just like Obama it went up after his stimulous package and I only got $400 bucks.

That one is the most prodigious liar on the board.

I never lie
I am the most honest poster on USMB

What happened with Hoover?
He fought the Depression for three years and it got worse

Unemployment went up with FDR not down until WWII

Not true
Unemployment went up every year under Republican Hoover
Dropped under FDR

Redirect Notice

Lier, unemployment went up under the new deal, then went down with WWII just like Obama it went up after his stimulous package and I only got $400 bucks.

Read it and weep

View attachment 371436

Can you read a fucking graph?

Proved you wrong didn’t it.

Showed it going UP every year under Republican policies and down under FDR

You didn't prove nothing except ignorance

I provided evidence of the Great FDR dropping the unemployment rate

You provided nothing

Blah blah blah, WWII saved the racist FDR

The Great FDR saved the US from a Depression and then saved the rest of the world from Fascism

Not true FDR sucked Stalin's cock and set the world back 50 years

 

[PoliticalChic]

Like the free market?

Look at rising drug prices

Trumpsters have a pretty warped view of capitalism. They think they own it, yet they're mishandling it so badly that socialism is gaining momentum by the hour.

Arrogant ignorance. They won't look in the mirror when they scream about the commies.

"Trumpsters have a pretty warped view of capitalism. They think they own it, "

Can you quote anything in the thread that verifies that, Jack?


I'll put you down as supporting "You didn't build that" socialism.


Oh, wait.....I forgot.....your claim to fame is abjuring both sides, and then pulling out that plum and saying 'what a good boy am I!!!!"

 

[initforme]

The free market system is far superior to any other and at this time it is so unbelievably easy, beyond easy to find qualified, hard working, immensely productive workers.

 

[rightwinger]

The free market system is far superior to any other and at this time it is so unbelievably easy, beyond easy to find qualified, hard working, immensely productive workers.

With proper Government oversight

 

[rightwinger]

What happened with Hoover?
He fought the Depression for three years and it got worse

Unemployment went up with FDR not down until WWII

Not true
Unemployment went up every year under Republican Hoover
Dropped under FDR

Redirect Notice

Lier, unemployment went up under the new deal, then went down with WWII just like Obama it went up after his stimulous package and I only got $400 bucks.

That one is the most prodigious liar on the board.

I never lie
I am the most honest poster on USMB

What happened with Hoover?
He fought the Depression for three years and it got worse

Unemployment went up with FDR not down until WWII

Not true
Unemployment went up every year under Republican Hoover
Dropped under FDR

Redirect Notice

Lier, unemployment went up under the new deal, then went down with WWII just like Obama it went up after his stimulous package and I only got $400 bucks.

Read it and weep

View attachment 371436

Can you read a fucking graph?

Proved you wrong didn’t it.

Showed it going UP every year under Republican policies and down under FDR

You didn't prove nothing except ignorance

I provided evidence of the Great FDR dropping the unemployment rate

You provided nothing

Blah blah blah, WWII saved the racist FDR

The Great FDR saved the US from a Depression and then saved the rest of the world from Fascism

Not true FDR sucked Stalin's cock and set the world back 50 years

Europe has been at peace for 75 years. Longest peace in history

They can thank FDR

 

[Mac1958]

The free market system is far superior to any other and at this time it is so unbelievably easy, beyond easy to find qualified, hard working, immensely productive workers.

With proper Government oversight

Yep. And as we keep decreasing that, our inequalities increase, and socialism becomes more interesting to many. People who vote. That's no coincidence.

This keeps up, and we'll have our very own French Revolution. It's already starting.

 

[PoliticalChic]

The free market system is far superior to any other and at this time it is so unbelievably easy, beyond easy to find qualified, hard working, immensely productive workers.

The key word is 'free,'

It is not in the vocabulary of Democrats/Progressives/Liberals.

 

[Persistence Of Memory]

Like the free market?

Look at rising drug prices

Have you seen what Trump has been doing about this and generic drugs, especially the last 2 weeks.
CNN forbids telling people.

 

[rightwinger]

Like the free market?

Look at rising drug prices

Have you seen what Trump has been doing about this and generic drugs, especially the last 2 weeks.
CNN forbids telling people.

I have seen talk and a toothless Executive Order
Drug Companies laughed at him

 

[Persistence Of Memory]

The free market system is far superior to any other and at this time it is so unbelievably easy, beyond easy to find qualified, hard working, immensely productive workers.

With proper Government oversight

Yep. And as we keep decreasing that, our inequalities increase, and socialism becomes more interesting to many. People who vote. That's no coincidence.

This keeps up, and we'll have our very own French Revolution. It's already starting.

The Producers of this country highly disagree with you.

Now the people who made bad life decisions and poor choices highly agree with your statement.

You have to divide people in their order of things.

 

[Daryl Hunt]

So now you are trying to rewrite history. The Crash happened in 1929 brought on by the total release of all regulations. When FDR took over in 1933, the Nation had millions living in the streets, in tents, in cars that they couldn't afford to put gas into, under bridges, in cardboard boxes, wooden shipping crates. And there were 3 1/2 million armed WWI vets with starving, cold and miserable families that the entire Federal Government were rightfully fearful of. The Country was about half a second from a full blown Civil War where the Federal Troops would have been outnumbered and outgunned by at least 100 to one. And I doubt if the Feds could have gotten the Federal Troops to fire on those desperate Veterans. You think it's bad today, think again. The Federal Government didn't do the New Deal because it was what they would normally do. Normally, they would cater to the rich like all others before them. But due to the circumstances, they had to do something very drastic and very fast. One of my Grandfathers worked on the Million Dollar Highway project. The other was a Dairy Farmer who "Contributed" Milk, Cream and Cheese to those programs. My mother would collect coal from the coal that would fall from the coal trains along the rails so they could heat their house. My father herded Sheep (They got to keep the Sheep but the Cattle was controlled). People had to eat and work. And have incomes to just survive. Your unfettered "Capitalism" almost destroyed America and lost the United States Constitution in the process.

So you try and rewrite history. Well take a good look at today. History is repeating itself because you refuse to learn from history. Better to rewrite it and just grab what you can and say, "I got mine".

Time for you to learn the truth: it was the Democrat Depression.

The Depression was the result of FDR's intentions.
He knew that Republican Harding had defeated a similar recession in short order, so he did the very opposite.



1. The basis of FDR's 1932 campaign to win the presidency from Herbert Hoover was his emphatic promise to the suffering American people, that he would balance the budget. Of course, he also promised that he would use the government to create jobs, and that they "had a right to a comfortable living."

http://www.heritage.org/initiatives/first-principles/primary-sources/fdrs-commonwealth-club-address

2. Roosevelt went further! The cause: "It arises from one cause only and that is the unbalanced budget at he continued failure of this administration to take effective steps to balance it!

If that budget had been fully and honestly balanced in 1930, some of the 1931 troubles would have been avoided. Even if it had been balanced in 1931, much of the extreme dip in 1932 would have been obviated. Every financial man in the country knows why this is true." http://www.presidency.ucsb.edu/ws/?pid=88399



a. And this: "... carrying out the plain precept of our Party, which is to reduce the cost of current Federal Government operations by 25 percent." Ibid.



FDR's promises!!!



And.....the very same plan that Harding used to tame an earlier upheaval.

And it worked.





3. ....to begin with, in March of 1933, he didn't fill his cabinet with persons committed to a balanced budget. A pretty much poke 'in your eye.'

Nah....instead the bunch put together the huge spending and administrative expansion of his first hundred day, Douglas knew the real deal.

. Roosevelt expanded the federal government and ran up deficits much greater than those of Hoover.

Take a good look around you today. With Covid 19 going on, it amounts to about the same thing. And I don't fault Rump for having to borrow money (2 trillion just this quarter alone). Regardless of how we got here, we are here. But we aren't nearly as bad off as our Grand Parents were in 1932. And we don't have nearly the character they had either. If Hoover had done what you claimed, there would have been NO Depression, only another recession.

Are you aware that Bush, Jr presented to Congress in 2003 a bailout plan of 733 billion and was laughed off Capital Hill be both sides? By 2009, that same plan was expanded to 1.3 trillion and accepted. And that plan was all the prevented us from another Depression. Instead, we settle for another Recession.

The Depression was already in place by the time FDR took office in 1933. And I as pointed out, it was do something drastic or the Nation was lost to a Civil War. The Feds and the Governors did what they had to do not what they wanted to do.

But you keep trying to rewrite history but it's still a long series of lies.

 

[Persistence Of Memory]

Like the free market?

Look at rising drug prices

Have you seen what Trump has been doing about this and generic drugs, especially the last 2 weeks.
CNN forbids telling people.

I have seen talk and a toothless Executive Order
Drug Companies laughed at him

You want him to fail. You could care less about drug prices Norton. Let's be honest here.