Stupid or lying, which is it?

[Truthmatters]

Akin, House GOPers unpersuaded by Obama stimulus visit | Political Fix | STLtoday


“I don’t believe in the myth that all the spending programs that FDR implemented in the Great Depression pulled us out of the Great Depression. I believe that they made the Depression,” Akin said.

 

[Kevin_Kennedy]

Well FDR's New Deal certainly prolonged the Great Depression, which Austrian economists have been saying for years.

 

[ReillyT]

Akin, House GOPers unpersuaded by Obama stimulus visit | Political Fix | STLtoday


“I don’t believe in the myth that all the spending programs that FDR implemented in the Great Depression pulled us out of the Great Depression. I believe that they made the Depression,” Akin said.

Stupid. A lie would have been better crafted.

 

[jillian]

Well FDR's New Deal certainly prolonged the Great Depression, which Austrian economists have been saying for years.

you also say too much government caused the current crisis.

you idealogues love revisionist history.

 

[Kevin_Kennedy]

Well FDR's New Deal certainly prolonged the Great Depression, which Austrian economists have been saying for years.

you also say too much government caused the current crisis.

you idealogues love revisionist history.

Too much government did cause this current crisis.

It's only revisionist history because you choose to ignore it.

 

[jillian]

Well FDR's New Deal certainly prolonged the Great Depression, which Austrian economists have been saying for years.

you also say too much government caused the current crisis.

you idealogues love revisionist history.

Too much government did cause this current crisis.

It's only revisionist history because you choose to ignore it.

Nope. I just don't like when people make up history out of whole cloth. The current crisis occurred because of a LACK of regulation. And Hoover's policies, like yours, are what caused the depression.

 

[Kevin_Kennedy]

you also say too much government caused the current crisis.

you idealogues love revisionist history.

Too much government did cause this current crisis.

It's only revisionist history because you choose to ignore it.

Nope. I just don't like when people make up history out of whole cloth. The current crisis occurred because of a LACK of regulation. And Hoover's policies, like yours, are what caused the depression.

Hoover's policies were not all that different from FDR's policies, and I agree they helped cause the Depression. However, my policies would be nothing like Hoover's. It is revisionist history that Hoover sat around twiddling his thumbs while everything burned down around him.

 

[cunclusion]

So the current issues have nothing to do with lack of regulation? But that government was too big.

 

[Kevin_Kennedy]

So the current issues have nothing to do with lack of regulation? But that government was too big.

The Federal Reserve was the most prominent cause of our crisis.

 

[Shogun]

yea.. that and nutters who believe that free market economies are stable, beneficial structures that don't meltdown without a scapegoat to blame...

 

[Truthmatters]

So can someone whos defending this asshole R please tell me when the depression began?

 

[Truthmatters]

Well FDR's New Deal certainly prolonged the Great Depression, which Austrian economists have been saying for years.

you also say too much government caused the current crisis.

you idealogues love revisionist history.

You have no idea what caused this do you?

 

[cunclusion]

So your saying the federal reserve manipulation of rates caused the current crisis. It had nothing with banks and credit default swaps.

 

[Skull Pilot]

So your saying the federal reserve manipulation of rates caused the current crisis. It had nothing with banks and credit default swaps.

All the wheeling dealing and price run ups were in large part caused by interest rates held artificially low, in fact negative after adjusted for inflation.

In unmanipulated markets interest rise after a run of credit to tighten the money supply and slow the bubble growth. That didn't happen this time because the fed suppressed rates.

 

[ABikerSailor]

Actually, it was caused by the greed of those at the top.

They didn't have any real money incidentally......it was all EFT funds, which means, no real money.

When they realized that people wanted to see the real money, they panicked, and next thing ya know, they're asking for bailouts, and looking for someone to give them real money.

When they received the money? They held onto it, as they were too embarrassed to admit they'd lied.

Madoff is a good example of this.

And that is why, with all the cash they've been given, they are STILL not putting it out in loans and the like.

Trickle down NEVER works. Only trickle up, and if you don't believe that, then check out the dude from India who won the Nobel Peace Prize for trickle up economics.

 

[AllieBaba]

you also say too much government caused the current crisis.

you idealogues love revisionist history.

Too much government did cause this current crisis.

It's only revisionist history because you choose to ignore it.

Nope. I just don't like when people make up history out of whole cloth. The current crisis occurred because of a LACK of regulation. And Hoover's policies, like yours, are what caused the depression.

Bush and the Republicans begged Congress for increased regulation and oversight for two years. Congress laughed in their faces. We've been over this before. It was the Dems who refused to put them in place. Let's talk about making up history of whole cloth again, I like it when you do that.

And there is no evidence that the Great Depression was affected significantly by FDR's policies. We're were pretty much dead in the water, then the war came onto the scene.

The continued abuse and expansion of what FDR saw as a TEMPORARY fix has certainly helped dump us in the ditch.

But then again, I'm so sick of listening to pansy-ass, well-off, cushy whiners complain about how "bad" it is. The GD had 29 percent unemployment. Thanks to the industrial revolution, the number of workers needed was reduced almost overnight, and this was compounded by the fact that there was a terrible drought which decimated farming communities.

You pathetic losers don't know what hard times are, and you're so clueless that you've even lost sight of the reality of economics...which is that you don't spend your way out of bankruptcy.

Fucking idiots.

 

[Avatar4321]

Akin, House GOPers unpersuaded by Obama stimulus visit | Political Fix | STLtoday


“I don’t believe in the myth that all the spending programs that FDR implemented in the Great Depression pulled us out of the Great Depression. I believe that they made the Depression,” Akin said.

Neither. He's absolutely right.

 

[auditor0007]

Actually, it was caused by the greed of those at the top.

They didn't have any real money incidentally......it was all EFT funds, which means, no real money.

When they realized that people wanted to see the real money, they panicked, and next thing ya know, they're asking for bailouts, and looking for someone to give them real money.

When they received the money? They held onto it, as they were too embarrassed to admit they'd lied.

Madoff is a good example of this.

And that is why, with all the cash they've been given, they are STILL not putting it out in loans and the like.

Trickle down NEVER works. Only trickle up, and if you don't believe that, then check out the dude from India who won the Nobel Peace Prize for trickle up economics.

Ugh, trickle down, trickle up, blame it on this or that. If you want strong investment, don't overtax the wealthy. That does not mean they should not be taxed a reasonable amount. At the same time, you must also be certain that the majority of the non-wealthy earn a decent income, because they are the ones who drive the economy as they are the ones who purchase the bulk of all goods sold. If they don't have the money, everything collapses.

It's not either or, you can't destroy the wealth of a country and expect it to grow. You also cannot allow the middle class to disappear and expect it to grow. There has to be a good balance.

 

[KittenKoder]

Actually, it was caused by the greed of those at the top.

They didn't have any real money incidentally......it was all EFT funds, which means, no real money.

When they realized that people wanted to see the real money, they panicked, and next thing ya know, they're asking for bailouts, and looking for someone to give them real money.

When they received the money? They held onto it, as they were too embarrassed to admit they'd lied.

Madoff is a good example of this.

And that is why, with all the cash they've been given, they are STILL not putting it out in loans and the like.

Trickle down NEVER works. Only trickle up, and if you don't believe that, then check out the dude from India who won the Nobel Peace Prize for trickle up economics.

Ugh, trickle down, trickle up, blame it on this or that. If you want strong investment, don't overtax the wealthy. That does not mean they should not be taxed a reasonable amount. At the same time, you must also be certain that the majority of the non-wealthy earn a decent income, because they are the ones who drive the economy as they are the ones who purchase the bulk of all goods sold. If they don't have the money, everything collapses.

It's not either or, you can't destroy the wealth of a country and expect it to grow. You also cannot allow the middle class to disappear and expect it to grow. There has to be a good balance.

They are also the ones who make the goods that are sold.

 

[Toro]

Hoover's policies were not all that different from FDR's policies, and I agree they helped cause the Depression. However, my policies would be nothing like Hoover's. It is revisionist history that Hoover sat around twiddling his thumbs while everything burned down around him.

For the most part, Hoover did twiddle his thumbs.

It is estimated that the amount of stimulus Hoover injected into the economy in today's dollars was $22 billion, or less than one-tenth the amount of the Highways Bill Bush signed a few years back.