Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature currently requires accessing the site using the built-in Safari browser.
little smiley faces to refute the words of a BBC economist.
can you people be any stupider
She's not an 'economist', she's their economics editor.
idiot.
Double-dip recession, not inflation.Double dip inflation?
You wanna tell us how austerity leads to inflation, let alone "double dip"? Whatever the fuck that means?
She said inflation. I don't think she has any clue what she's talking about, and probably shouldn't be in the economy forum.
She never has any original thoughts on anything, she reads an article that tells her what she wants to hear and that's good enough for her.
little smiley faces to refute the words of a BBC economist.
can you people be any stupider
She's not an 'economist', she's their economics editor.
idiot.
she is a hack just like you.
GB failed with asuterity
Double-dip recession, not inflation.
She said inflation. I don't think she has any clue what she's talking about, and probably shouldn't be in the economy forum.
She never has any original thoughts on anything, she reads an article that tells her what she wants to hear and that's good enough for her.
But it is pretty funny.... "double dip inflation".
She's not an 'economist', she's their economics editor.
idiot.
she is a hack just like you.
GB failed with asuterity
You really have absolutely no understanding of economics, do you?
Yea, they're technically back in recession... but they'll come out of it... and they will do so without increasing spending... and paying down their debt.... so when they recover, their recovery will be one on a solid foundation... not the quicksand of a 'quick fix'. I appreciate that's hard to grasp for a partisan hack... but it's still true.
you hate those facty thing s huh?
GB tried austerity and they are in a double dip recession.
cold hard facts
how so?
Austerity is to feel pain, it's short term pain, needed to preserve a future.
The best example is greece. Their not cutting because it's good for their economy, they're cutting to save their economy.
harding...an even better example:
1. "the economic situation in 1920 was grim. By that year unemployment had jumped from 4 percent to nearly 12 percent, and gnp declined 17 percent. No wonder, then, that secretary of commerce herbert hooverfalsely characterized as a supporter of laissez-faire economicsurged president harding to consider an array of interventions to turn the economy around. Hoover was ignored. Instead of fiscal stimulus, harding cut the governments budget nearly in half between 1920 and 1922. The rest of hardings approach was equally laissez-faire. Tax rates were slashed for all income groups. The national debt was reduced by one-third."http://www.firstprinciplesjournal.com/articles.aspx?article=1322&theme=home&loc=b
2. america's greatest depression fighter was warren gamaliel harding. An ohio senator when he was elected president in 1920, he followed the much praised woodrow wilson who had brought america into world war i, built up huge federal bureaucracies, imprisoned dissenters, and incurred $25 billion of debt. Harding inherited wilson's mess in particular, a postworld war i depression that was almost as severe, from peak to trough, as the great contraction from 1929 to 1933 that fdr would later inherit. the estimated gross national product plunged 24 percent from $91.5 billion in 1920 to $69.6 billion in 1921. The number of unemployed people jumped from 2.1 million to 4.9 million. One of harding's campaign slogans was "less government in business," and it served him well. harding embraced the advice of treasury secretary andrew mellon and called for tax cuts in his first message to congress on april 12, 1921. The highest taxes, on corporate revenues and "excess" profits, were to be cut. Personal income taxes were to be left as is, with a top rate of 8 percent of incomes above $4,000. Harding recognized the crucial importance of encouraging the investment that is essential for growth and jobs, something that fdr never did. not-so-great depression - jim powell - national review online
Holy shit! Not this again...How so?
austerity is to feel pain, it's short term pain, needed to preserve a future.
The best example is Greece. Their not cutting because it's good for their economy, they're cutting to save their economy.
Harding...an even better example:
1. "The economic situation in 1920 was grim. By that year unemployment had jumped from 4 percent to nearly 12 percent, and GNP declined 17 percent. No wonder, then, that Secretary of Commerce Herbert Hooverfalsely characterized as a supporter of laissez-faire economicsurged President Harding to consider an array of interventions to turn the economy around. Hoover was ignored. Instead of fiscal stimulus, Harding cut the governments budget nearly in half between 1920 and 1922. The rest of Hardings approach was equally laissez-faire. Tax rates were slashed for all income groups. The national debt was reduced by one-third."http://www.firstprinciplesjournal.com/articles.aspx?article=1322&theme=home&loc=b
2. America's greatest depression fighter was Warren Gamaliel Harding. An Ohio senator when he was elected president in 1920, he followed the much praised Woodrow Wilson who had brought America into World War I, built up huge federal bureaucracies, imprisoned dissenters, and incurred $25 billion of debt. Harding inherited Wilson's mess in particular, a postWorld War I depression that was almost as severe, from peak to trough, as the Great Contraction from 1929 to 1933 that FDR would later inherit. The estimated gross national product plunged 24 percent from $91.5 billion in 1920 to $69.6 billion in 1921. The number of unemployed people jumped from 2.1 million to 4.9 million. One of Harding's campaign slogans was "less government in business," and it served him well. Harding embraced the advice of Treasury Secretary Andrew Mellon and called for tax cuts in his first message to Congress on April 12, 1921. The highest taxes, on corporate revenues and "excess" profits, were to be cut. Personal income taxes were to be left as is, with a top rate of 8 percent of incomes above $4,000. Harding recognized the crucial importance of encouraging the investment that is essential for growth and jobs, something that FDR never did. Not-So-Great Depression - Jim Powell - National Review Online
The 1921 recession was a post-war demand collapse. Completely expected - and fixed when (get this!) we started selling lots and lots of stuff to a continent that had just been shitbombed into the dark ages.
Holy shit! Not this again...Harding...an even better example:
1. "The economic situation in 1920 was grim. By that year unemployment had jumped from 4 percent to nearly 12 percent, and GNP declined 17 percent. No wonder, then, that Secretary of Commerce Herbert Hooverfalsely characterized as a supporter of laissez-faire economicsurged President Harding to consider an array of interventions to turn the economy around. Hoover was ignored. Instead of fiscal stimulus, Harding cut the governments budget nearly in half between 1920 and 1922. The rest of Hardings approach was equally laissez-faire. Tax rates were slashed for all income groups. The national debt was reduced by one-third."http://www.firstprinciplesjournal.com/articles.aspx?article=1322&theme=home&loc=b
2. America's greatest depression fighter was Warren Gamaliel Harding. An Ohio senator when he was elected president in 1920, he followed the much praised Woodrow Wilson who had brought America into World War I, built up huge federal bureaucracies, imprisoned dissenters, and incurred $25 billion of debt. Harding inherited Wilson's mess in particular, a postWorld War I depression that was almost as severe, from peak to trough, as the Great Contraction from 1929 to 1933 that FDR would later inherit. The estimated gross national product plunged 24 percent from $91.5 billion in 1920 to $69.6 billion in 1921. The number of unemployed people jumped from 2.1 million to 4.9 million. One of Harding's campaign slogans was "less government in business," and it served him well. Harding embraced the advice of Treasury Secretary Andrew Mellon and called for tax cuts in his first message to Congress on April 12, 1921. The highest taxes, on corporate revenues and "excess" profits, were to be cut. Personal income taxes were to be left as is, with a top rate of 8 percent of incomes above $4,000. Harding recognized the crucial importance of encouraging the investment that is essential for growth and jobs, something that FDR never did. Not-So-Great Depression - Jim Powell - National Review Online
The 1921 recession was a post-war demand collapse. Completely expected - and fixed when (get this!) we started selling lots and lots of stuff to a continent that had just been shitbombed into the dark ages.
"Completely expected -"
Really?
So....was there a "post-war demand collapse. Completely expected -" after WWII?
Could your absurd post be based on the fact that Harding was a Republican who ended a deep recession, and FDR was a Democrat who extended the recession into a depression?
Sounds more like you're one of those bought and paid apologists for Democrats.
[/QUOTE]Holy shit! Not this again...
The 1921 recession was a post-war demand collapse. Completely expected - and fixed when (get this!) we started selling lots and lots of stuff to a continent that had just been shitbombed into the dark ages.
"Completely expected -"
Really?
So....was there a "post-war demand collapse. Completely expected -" after WWII?
Why yes, Politicalchic, there was!
Could your absurd post be based on the fact that Harding was a Republican who ended a deep recession, and FDR was a Democrat who extended the recession into a depression?
No, it couldn't be. Because when FDR took office the economy had lost almost 1/2 it's value and remained in free fall with 4000 banks collapsing. By the middle of his first year there was 1 bank collapse and the economy began the fastest four-year period of growth in modern US history.
Sounds more like you're one of those bought and paid apologists for Democrats.
You seem to forget 12 straight years of Republican control of the government that ushered in the Great Depression.I think the facts are above the Righties intellectual pay-grade.
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....
"Completely expected -"
Really?
So....was there a "post-war demand collapse. Completely expected -" after WWII?
Why yes, Politicalchic, there was!
Could your absurd post be based on the fact that Harding was a Republican who ended a deep recession, and FDR was a Democrat who extended the recession into a depression?
No, it couldn't be. Because when FDR took office the economy had lost almost 1/2 it's value and remained in free fall with 4000 banks collapsing. By the middle of his first year there was 1 bank collapse and the economy began the fastest four-year period of growth in modern US history.
Sounds more like you're one of those bought and paid apologists for Democrats.
You seem to forget 12 straight years of Republican control of the government that ushered in the Great Depression.I think the facts are above the Righties intellectual pay-grade.
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.I think the facts are above the Righties intellectual pay-grade.
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....
Why yes, Politicalchic, there was!
No, it couldn't be. Because when FDR took office the economy had lost almost 1/2 it's value and remained in free fall with 4000 banks collapsing. By the middle of his first year there was 1 bank collapse and the economy began the fastest four-year period of growth in modern US history.
Sounds more like you're one of those bought and paid apologists for Democrats.
The Fed strangled the US economy nearly to death by not only withdrawing 1/3 of the money supply but they let Bank of United States fail when it was able to pay of 95%+ of all deposits.
The Fed sabotaged the economy. They took their hand off the throat when FDR was inaugurated, by he was more interested in doing his Joe Stalin impression than he was at being a US President and he turned what should have been a robust recovery into an economy worse than the 7 Biblical Lean Years
