the results of austerity in england

See you people try to rewrite history all the time.

It makes your decision making completely flawed
 
hahahahahahah



Your ideas FAILED you idiots.

They failed yet again right before our elections.

So what do you idiots do?

double down on stupidity and failed ideas.
Spain also went the austerity route. They are now basically in a depression, with over 23% unemployment.

Paul Krugman is being proven correct with each passing day.

LOL Krugman

[ame=http://www.youtube.com/watch?v=4p4-vPrcDBo]Obama: Shovel Ready jobs not shovel ready - YouTube[/ame]

And Krugman wanted to tripled the size of the failed stimulus. How funny would that have been?
 
Im sure you will rewrite history to make the dust bowl FDRs fault huh?
 
$800B wasted and Obama thinks that's funny.

And Krugman wanted it to be a multiple of that.
 
Guess what caused the Dust bowl?

bad farming policy.

The government should have been ordering people NOT to leave feilds bare.
 
That is how government controls these types of disasters.

You people think we should just be stupid and let disasters happen
 
Your right wing policy of HANDS OFF during Coolidge admin caused the dust bowl.


They paid people to farm and then allowed them to just plow feilds under without securing the top soill.

Beoing stupid is part of your platform?
 
Im sure you will rewrite history to make the dust bowl FDRs fault huh?

"The Dust Bowl, or the Dirty Thirties, was a period of severe dust storms causing major ecological and agricultural damage to American and Canadian prairie lands in the 1930s, particularly in 1934 and 1936."

From the unread article in wikipedia that TM attached

fdr.jpg


You were saying?
 
1. Which facts would those be, dotty?

2. Care to try this little test?

a. Was there a recession/depression in 1920 as well as one in 1930?

b. Did the Republican institute laissez-faire free market strategies, and
did the Democrat institute Keynesian command and control strategies?

c. Was not the Republican successful in solving the crisis, i.e., ending same in
18 months?
And was the Democrat a woeful failure, leaving Americans to suffer for almost
a decade and a half?


Ooo....hurts, doesn't it?


3. A little friendly advice...don't use that second word in your post.....makes the unintentional humor too obvious....
You seem to forget 12 straight years of Republican control of the government that ushered in the Great Depression.

Do you believe that recessions, 'corrections,' are a natural part of the business cycle?

FDR's well-deserved criticism is that he took a recession and turned it into a 'Great Depression' by operating as though he knew better than the free market.


Did you want to take a crack at a, b, c, above?
US GDP had fallen from 103.6 billion in 1928 to 58.7 billion in 1932, 43% before Roosevelt took office due 12 years of failed Republican control of government. After Roosevelt took office and the voters threw the Republicans out of Congress, GDP increased every year of the Roosevelt administration.

in 1933: $56.4 billion
in 1934: $66.0 billion
in 1935: $73.3 billion
in 1936: $83.8 billion
in 1937: $91.9 billion
in 1938: $86.1 billion
in 1939: $92.2 billion
in 1940: $101.4 billion

The Great Depression Statistics
 
That is how government controls these types of disasters.

You people think we should just be stupid and let disasters happen

Well, darn it they shouldn't have let Mt. St. Helens erupt then. Shoot! I think Carter was president then. Oh an the earthquakes. You got a way to make either of these disasters not happen, I'd like to hear it.

People didn't have the agricultural savvy they do now. Shit happens. It's old news, the dust storms.

But - you come up with a way to stop: forest fires, volcanoes from erupting, and earthquakes, by God I'll be impressed. Until then - you're dumber than dirt.
 
You seem to forget 12 straight years of Republican control of the government that ushered in the Great Depression.

Do you believe that recessions, 'corrections,' are a natural part of the business cycle?

FDR's well-deserved criticism is that he took a recession and turned it into a 'Great Depression' by operating as though he knew better than the free market.


Did you want to take a crack at a, b, c, above?
US GDP had fallen from 103.6 billion in 1928 to 58.7 billion in 1932, 43% before Roosevelt took office due 12 years of failed Republican control of government. After Roosevelt took office and the voters threw the Republicans out of Congress, GDP increased every year of the Roosevelt administration.

in 1933: $56.4 billion
in 1934: $66.0 billion
in 1935: $73.3 billion
in 1936: $83.8 billion
in 1937: $91.9 billion
in 1938: $86.1 billion
in 1939: $92.2 billion
in 1940: $101.4 billion

The Great Depression Statistics

1. You've declined my invitation to answer a, b, and c?

Could it be because they highlight the mistakes that FDR made...and that you seem willing to endorse?

Could be?

2. Today’s economic problems are largely due to FDR’s Second Bill of Rights…which led to LBJ's "War on Poverty," and, ultimately Student loans, CRA, ObamaCare.


3. The essence of FDR can be found in his Second Bill of Rights speech, in which he propounded the following rights:
The right to a useful and remunerative job in the industries or shops or farms or mines of the nation;
The right to earn enough to provide adequate food and clothing and recreation;
The right of every farmer to raise and sell his products at a return which will give him and his family a decent living;
The right of every businessman, large and small, to trade in an atmosphere of freedom from unfair competition and domination by monopolies at home or abroad;
The right of every family to a decent home;
The right to adequate medical care and the opportunity to achieve and enjoy good health;
The right to adequate protection from the economic fears of old age, sickness, accident, and unemployment;
The right to a good education.

a. As citizens were awarded these ‘rights’ by FDR, he fully conceived of an obligation of citizens to pay all of the taxes necessary to provide these ‘rights.’

b. The Founders saw rights as God-given, and without imposition on others, i.e., speech. Clearly, the above are not rights, but are entitlements.

4. The huge tax burden necessary to provide the ‘rights’ and fund federal welfare programs can be laid at the feet of the New Deal. Before 1940, only 5% of Americans paid any income tax, and the maximum was 25%. By the end of WWII, 2/3 of American families paid income tax- and it started at 24%, with a $500 exemption.

a. It went up to 94% over $200k. So, if one earned $300k, one kept only $6000 of the last $100k.

b. Withholding was re-introduced so the government got the money immediately. (Had been repealed in 1916.)

5. The attitude of the FDR government can be seen in these words of A.B. “Happy” Chandler, a former Kentucky governor: “[A]ll of us owe the government; we owe it for everything we have—and that is the basis of obligation—and the government can take everything we have if the government needs it. . . . The government can assert its right to have all the taxes it needs for any purpose, either now or at any time in the future.”
From Folsom and Folsom, "FDR Goes To War.


So....this is what you want to support?
Just want a little clarity of you position.
 
Do you believe that recessions, 'corrections,' are a natural part of the business cycle?

FDR's well-deserved criticism is that he took a recession and turned it into a 'Great Depression' by operating as though he knew better than the free market.


Did you want to take a crack at a, b, c, above?
US GDP had fallen from 103.6 billion in 1928 to 58.7 billion in 1932, 43% before Roosevelt took office due 12 years of failed Republican control of government. After Roosevelt took office and the voters threw the Republicans out of Congress, GDP increased every year of the Roosevelt administration.

in 1933: $56.4 billion
in 1934: $66.0 billion
in 1935: $73.3 billion
in 1936: $83.8 billion
in 1937: $91.9 billion
in 1938: $86.1 billion
in 1939: $92.2 billion
in 1940: $101.4 billion

The Great Depression Statistics

1. You've declined my invitation to answer a, b, and c?

Could it be because they highlight the mistakes that FDR made...and that you seem willing to endorse?

Could be?

2. Today’s economic problems are largely due to FDR’s Second Bill of Rights…which led to LBJ's "War on Poverty," and, ultimately Student loans, CRA, ObamaCare.


3. The essence of FDR can be found in his Second Bill of Rights speech, in which he propounded the following rights:
The right to a useful and remunerative job in the industries or shops or farms or mines of the nation;
The right to earn enough to provide adequate food and clothing and recreation;
The right of every farmer to raise and sell his products at a return which will give him and his family a decent living;
The right of every businessman, large and small, to trade in an atmosphere of freedom from unfair competition and domination by monopolies at home or abroad;
The right of every family to a decent home;
The right to adequate medical care and the opportunity to achieve and enjoy good health;
The right to adequate protection from the economic fears of old age, sickness, accident, and unemployment;
The right to a good education.

a. As citizens were awarded these ‘rights’ by FDR, he fully conceived of an obligation of citizens to pay all of the taxes necessary to provide these ‘rights.’

b. The Founders saw rights as God-given, and without imposition on others, i.e., speech. Clearly, the above are not rights, but are entitlements.

4. The huge tax burden necessary to provide the ‘rights’ and fund federal welfare programs can be laid at the feet of the New Deal. Before 1940, only 5% of Americans paid any income tax, and the maximum was 25%. By the end of WWII, 2/3 of American families paid income tax- and it started at 24%, with a $500 exemption.

a. It went up to 94% over $200k. So, if one earned $300k, one kept only $6000 of the last $100k.

b. Withholding was re-introduced so the government got the money immediately. (Had been repealed in 1916.)

5. The attitude of the FDR government can be seen in these words of A.B. “Happy” Chandler, a former Kentucky governor: “[A]ll of us owe the government; we owe it for everything we have—and that is the basis of obligation—and the government can take everything we have if the government needs it. . . . The government can assert its right to have all the taxes it needs for any purpose, either now or at any time in the future.”
From Folsom and Folsom, "FDR Goes To War.


So....this is what you want to support?
Just want a little clarity of you position.
I'm sure you think we should have continued with Republican leadership that gave us 2 recessions and the Great Depression in 6 years? Thankfully, the voters decided to deny Republicans control of government for 20 years.
 
Wow TM is all fired up here.
What's the odds of TM having 75,000 posts by 12-31-12 ?
I for one will not bet against that.
 
US GDP had fallen from 103.6 billion in 1928 to 58.7 billion in 1932, 43% before Roosevelt took office due 12 years of failed Republican control of government. After Roosevelt took office and the voters threw the Republicans out of Congress, GDP increased every year of the Roosevelt administration.

in 1933: $56.4 billion
in 1934: $66.0 billion
in 1935: $73.3 billion
in 1936: $83.8 billion
in 1937: $91.9 billion
in 1938: $86.1 billion
in 1939: $92.2 billion
in 1940: $101.4 billion

The Great Depression Statistics

1. You've declined my invitation to answer a, b, and c?

Could it be because they highlight the mistakes that FDR made...and that you seem willing to endorse?

Could be?

2. Today’s economic problems are largely due to FDR’s Second Bill of Rights…which led to LBJ's "War on Poverty," and, ultimately Student loans, CRA, ObamaCare.


3. The essence of FDR can be found in his Second Bill of Rights speech, in which he propounded the following rights:
The right to a useful and remunerative job in the industries or shops or farms or mines of the nation;
The right to earn enough to provide adequate food and clothing and recreation;
The right of every farmer to raise and sell his products at a return which will give him and his family a decent living;
The right of every businessman, large and small, to trade in an atmosphere of freedom from unfair competition and domination by monopolies at home or abroad;
The right of every family to a decent home;
The right to adequate medical care and the opportunity to achieve and enjoy good health;
The right to adequate protection from the economic fears of old age, sickness, accident, and unemployment;
The right to a good education.

a. As citizens were awarded these ‘rights’ by FDR, he fully conceived of an obligation of citizens to pay all of the taxes necessary to provide these ‘rights.’

b. The Founders saw rights as God-given, and without imposition on others, i.e., speech. Clearly, the above are not rights, but are entitlements.

4. The huge tax burden necessary to provide the ‘rights’ and fund federal welfare programs can be laid at the feet of the New Deal. Before 1940, only 5% of Americans paid any income tax, and the maximum was 25%. By the end of WWII, 2/3 of American families paid income tax- and it started at 24%, with a $500 exemption.

a. It went up to 94% over $200k. So, if one earned $300k, one kept only $6000 of the last $100k.

b. Withholding was re-introduced so the government got the money immediately. (Had been repealed in 1916.)

5. The attitude of the FDR government can be seen in these words of A.B. “Happy” Chandler, a former Kentucky governor: “[A]ll of us owe the government; we owe it for everything we have—and that is the basis of obligation—and the government can take everything we have if the government needs it. . . . The government can assert its right to have all the taxes it needs for any purpose, either now or at any time in the future.”
From Folsom and Folsom, "FDR Goes To War.


So....this is what you want to support?
Just want a little clarity of you position.
I'm sure you think we should have continued with Republican leadership that gave us 2 recessions and the Great Depression in 6 years? Thankfully, the voters decided to deny Republicans control of government for 20 years.

"I'm sure you think we should have continued with Republican..."

Did you really read this post and come up with this?


No, the question is, who correctly dealt with the economic downturn.


It seems you'll do any thing to avoid answering the question.
 
As I have been saying along, going at reducing the debt should be done slowly, otherwise the entire economic structure is in peril.

The perils of prudence
<snip>
Mr Cottarelli and Ms Jaramillo advise caution in interpreting these results: they may reflect circumstances unique to 2011. Their findings do not mean austerity should be avoided at all costs; but they do suggest it should be accompanied by steps to protect growth. And the study explains why the IMF is urging many countries with a choice not to press austerity further this year. “Decreasing debt is a marathon, not a sprint,” Olivier Blanchard, the fund’s chief economist, has observed. Pace yourselves
Austerity and the markets: The perils of prudence | The Economist
 
they spent too much, and couldn't meet thier obligations, period.

What makes you think they couldn't meet their obligations?

Are you joking? They already had the biggest default in world history.

No, I'm not joking.

(1) they didn't have the biggest default in world history and

(2) they were able to pay their bills until the the austerity caucus drove their borrowing rates up.
 

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