That 1937 feeling all over again

Difference being the TARP and Stimulus did their job, averting a depression, and corporations, banks and the rich have record amounts of cash on hand. The problem is to get the do-nothing, block everything Pubs in congress to pass some of the jobs bill andtrade pacts languishing for no reason (except they want him to fail,the bought off a-holes)- and get the GD Pub a-holes to hire and loan...$%^&*#@ #$^&&%@#!! tyvm

:cuckoo:

:lmao:


The stimulus failed by the white houses own metrics.
 
Take comfort in that if we do have a depression we have a Democrat president standing by to start another World War and get all the unemployed killed. Of course it will mean a lot more debt since all the materials to wage war will be bought from China. But what if the war is with China?
 
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Yup.

'37 again, I agree.

And the same pressures that caused FDR to pull back from recovery by balancing the budget are causing the same effect again.

Wall Street seems to get it.

Cutting spending now isn't a great idea.

Just like increasing taxes NOW probably isn't a good idea.

The economy is tanked because people are not spending.

People are not spending because they are fearful that they won't have a job

Because people are not spending, businesses aren't expanding.

Because businesses aren't hiring, people are fearful for their jobs.

Because people are not spending, businesses aren't expanding.

...

It's a vicious cycle.
 
Well, that's the story that the ruling class want us to buy into, anyways.

Panic of 1873 - Wikipedia, the free encyclopedia
Panic of 1884 - Wikipedia, the free encyclopedia
Panic of 1893 - Wikipedia, the free encyclopedia
Panic of 1907 - Wikipedia, the free encyclopedia

People got tired of it. Could you imagine having a Financial Crisis every 8 years? Well, that's what happened at the end of the 19th century. That's why the Fed was created.
Though I understand the pretext presented by the banksters of the time and that of mainstream academe to carry their water, there's still no sale here on that "even out the business cycles" fairy tale.

Since the creation of the Fed, we've had numerous recessions, a double-dip depression, inflation & bursts of a load of asset/value bubbles, and a federal debt that is going to break the bank, at one point or another.

Nope...there's still no such thing as free lunch.
 
Well, that's the story that the ruling class want us to buy into, anyways.

Panic of 1873 - Wikipedia, the free encyclopedia
Panic of 1884 - Wikipedia, the free encyclopedia
Panic of 1893 - Wikipedia, the free encyclopedia
Panic of 1907 - Wikipedia, the free encyclopedia

People got tired of it. Could you imagine having a Financial Crisis every 8 years? Well, that's what happened at the end of the 19th century. That's why the Fed was created.

We had all those and a bad recession in 1920 as well, but it took the Fed and a Progressive President to give us an economy worse than the 7 Biblical Lean Years
 
Ya think mayby someone will catch a damned clue??

FDR's policies didn't work then and Barry's ain't workin now.

Ain't gotta be Eisnstein to see it either.
 
My sincerest hope is that Obama just goes on vacation permanently... oh wait, then we get Biden.. "Idiot Colossus".

We're screwed... come on 2012!
 
Ya think mayby someone will catch a damned clue??

FDR's policies didn't work then and Barry's ain't workin now.

Ain't gotta be Eisnstein to see it either.

What leads you to believe FDR's policies "didn't work"? Was it the unprecedented growth from 1933 to 1937?

No, they didn't. Please see WW II.. The Raw Deal did nothing but start the decline we see today.
 
Well, that's the story that the ruling class want us to buy into, anyways.

Panic of 1873 - Wikipedia, the free encyclopedia
Panic of 1884 - Wikipedia, the free encyclopedia
Panic of 1893 - Wikipedia, the free encyclopedia
Panic of 1907 - Wikipedia, the free encyclopedia

People got tired of it. Could you imagine having a Financial Crisis every 8 years? Well, that's what happened at the end of the 19th century. That's why the Fed was created.
Though I understand the pretext presented by the banksters of the time and that of mainstream academe to carry their water, there's still no sale here on that "even out the business cycles" fairy tale.

Since the creation of the Fed, we've had numerous recessions, a double-dip depression, inflation & bursts of a load of asset/value bubbles, and a federal debt that is going to break the bank, at one point or another.

Nope...there's still no such thing as free lunch.

The creation of the Fed wasn't to eliminate the business cycle. It was to provide liquidity during times of stress. During times of stress, disappearing liquidity threatened the banking system, increasing volatility into the real economy. Whatever one might think of the Fed and central banks, and I get the criticisms, they have generally decreased volatility in the financial system and the real economy. Recessions are generally less severe and occur with less frequency than they did 100 years ago. If you want the elimination of the central bank, get used to this type of economy because this is what happened fairly regularly in the 19th century.
 
Ya think mayby someone will catch a damned clue??

FDR's policies didn't work then and Barry's ain't workin now.

Ain't gotta be Eisnstein to see it either.

What leads you to believe FDR's policies "didn't work"? Was it the unprecedented growth from 1933 to 1937?

Yes, there was growth after the Fed stopped strangling the economy. Terrific.
 
We need to retire Obama and at least half of the remaining RINOs and Democrats. Give me 4 years with a real Conservative President and a Gingrich Congress and you will never vote for a Democrat again

Probably not; everyone would vote the new Socialist Party into power after four years of that type of governance. I can just imagine the US without SS, Medicare, and Medicaid, and the wealthy paying even less in taxes. They have so much now they don't know what to do with it, and we can see they certainly aren't spending it, so it does the economy no good at all. Four years of your type of governance would leave us looking like Mexico, where 75% of the people live in poverty.
 

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