Avorysuds
Gold Member
Why do you continue to wallow in this nonsense? Do you get some kind of perverse pleasure from being wrong?
The stimulus was not a failure. It saved jobs and kept the economy from total collapse.
Sure it did, and you can prove this by pointing to all the times the economy failed after a crash where there was no stimulus.
Or can you?
Sure.
It was called "The Great Depression".
And it didn't end until government started spending loads of money. First on infrastucture then on a war.
Wow... Just fucking wow...
Hoover gave it 6 whole months before he started massive spending, he created the first new deal. FDR spent like wtf whoa over 3 terms as President. We didn't get out of the Depression until we sent 10% of the population (the poor UE people) to war where many of them died... Then after the war when the whole world was nearly destroyed the US was turned to provide the good to rebuild THE WORLD. Taxes were cut, regulations were cut, spending was massively downsized and FDR was no longer President.
So unless you're sitting back hoping for ww3 so we can kill off the poor UE people while praying the US down not get demolished in the process you might want to revisit some basic history.
It is truly stunning that Harding/Coolidge gets the US out of a depression that the president before them was spending like crazy to change by cutting taxes/regulations and lowering spending. 18 months to end a depression. Then 10 years later we enter a new depression due to markets collapsing and people pulling their money out of banks (not due to wars or Government spending) and laissez faire gets a whopping 6 months to fix another depression before 12 years of massive spending only to get UE down to 14 % YAY, ensues.
Today under Bush who did 2x stimulus and started TARP and Obama who did 1 massive stimulus and kept TARP going we have managed to keep the US is a semi recession/depression for around 4 years now. We are at spending levels near FDR and yet oddly, just like FDR we cant seem to shake the recession Maybe you should re think your position?