Obama stimulus is failed

[boedicca]

You do understand that WWII was a massive government spending program, right? If massive government spending programs, on borrowed money, can't bring a country out of recession,

how come that one did?

If it can, how come the New Deal never did?

It wasn't big enough.

Could you possibly be any DUMBER?

 

[NYcarbineer]

Which was a total failure from 1933 until Hitler's invasion of Poland.

Epic Fail.

Epic Fail every time its been tried.

You do understand that WWII was a massive government spending program, right? If massive government spending programs, on borrowed money, can't bring a country out of recession,

how come that one did?

Are you suggesting we start a World War to solve the current economic morass? And it's a myth that FDR got us out of the Great Depression:

What about World War II? We need to understand that the near-full employment during the conflict was temporary. Ten million to 12 million soldiers overseas and another 10 million to 15 million people making tanks, bullets and war materiel do not a lasting recovery make. The country essentially traded temporary jobs for a skyrocketing national debt. Many of those jobs had little or no value after the war.

No one knew this more than FDR himself. His key advisers were frantic at the possibility of the Great Depression's return when the war ended and the soldiers came home. The president believed a New Deal revival was the answer—and on Oct. 28, 1944, about six months before his death, he spelled out his vision for a postwar America. It included government-subsidized housing, federal involvement in health care, more TVA projects, and the "right to a useful and remunerative job" provided by the federal government if necessary.

Roosevelt died before the war ended and before he could implement his New Deal revival. His successor, Harry Truman, in a 16,000 word message on Sept. 6, 1945, urged Congress to enact FDR's ideas as the best way to achieve full employment after the war.

Congress—both chambers with Democratic majorities—responded by just saying "no." No to the whole New Deal revival: no federal program for health care, no full-employment act, only limited federal housing, and no increase in minimum wage or Social Security benefits.

Instead, Congress reduced taxes. Income tax rates were cut across the board. FDR's top marginal rate, 94% on all income over $200,000, was cut to 86.45%. The lowest rate was cut to 19% from 23%, and with a change in the amount of income exempt from taxation an estimated 12 million Americans were eliminated from the tax rolls entirely.Corporate tax rates were trimmed and FDR's "excess profits" tax was repealed, which meant that top marginal corporate tax rates effectively went to 38% from 90% after 1945.

Georgia Sen. Walter George, chairman of the Senate Finance Committee, defended the Revenue Act of 1945 with arguments that today we would call "supply-side economics." If the tax bill "has the effect which it is hoped it will have," George said, "it will so stimulate the expansion of business as to bring in a greater total revenue." ...


Burt Folsom: Did FDR End the Depression? - WSJ.com

Fascinating. No minimum wage increase under Truman?

The single biggest percentage increase in the minimum wage occurred in 1950.

Now do I have to fact check everything else in your tale?

 

[boedicca]

Go ahead, bub. Knock yourself out.

The Tax Cuts happened. And the New Deal Part Deux was not passed.

 

[NYcarbineer]

If it can, how come the New Deal never did?

It wasn't big enough.

Could you possibly be any DUMBER?

If Hitler had invaded Poland in 1935 and Japan attacked us in 1936, when would the US Depression have ended?

 

[NYcarbineer]

Go ahead, bub. Knock yourself out.

The Tax Cuts happened. And the New Deal Part Deux was not passed.

You lied about the minimum wage, so as far as I'm concerned the whole post is shit.

 

[Truthmatters]

Go ahead, bub. Knock yourself out.

The Tax Cuts happened. And the New Deal Part Deux was not passed.

So you agree the bill Obamas team made the 8% unemployment prediction on never passed.

Thanks for admitting it.

 

[Trajan]

9% is better than 11%. Or 12%. or 13%.

Obama made up the 11%, 12% or 13% after the Epic Fail occurred.

And the only reason why official unemployment is not 11.2% RIGHT NOW is because 3.6M people are no longer counted as unemployed because they have GIVEN UP LOOKING FOR WORK.

No, I made them up. That's how you people are arguing. You're claiming that the stimulus failed because it didn't achieve some made up numbers.

this is new height in intellectual dishonesty, even for you, and man, thats saying something. simply unbelievable.

 

[NYcarbineer]

Which was a total failure from 1933 until Hitler's invasion of Poland.

Epic Fail.

Epic Fail every time its been tried.

You do understand that WWII was a massive government spending program, right? If massive government spending programs, on borrowed money, can't bring a country out of recession,

how come that one did?

That one did. The New Deal did not.
WW2 did because it instituted a command economy. Command economies work for a short period. The Soviet Union was a growth engine initially.
After the war the Democrats failed to continue the New Deal and we had the greatest prosperity ever.

So the short term fix for the US economy to get us over the hump so to speak, by your own principles,

would be to go to a USSR style communism.

Dang, it is truly entertaining what you can get people to say on this board if you know what you're doing.

Oops, my secret's out!!! lolol

 

[NYcarbineer]

Obama made up the 11%, 12% or 13% after the Epic Fail occurred.

And the only reason why official unemployment is not 11.2% RIGHT NOW is because 3.6M people are no longer counted as unemployed because they have GIVEN UP LOOKING FOR WORK.

No, I made them up. That's how you people are arguing. You're claiming that the stimulus failed because it didn't achieve some made up numbers.

this is new height in intellectual dishonesty, even for you, and man, thats saying something. simply unbelievable.

The clowns are saying the stimulus failed because unemployment isn't 8%. That's a made up number.

 

[Truthmatters]

That projection was made for a bill that never passed.

 

[Truthmatters]

Kinda ruins you little lie huh guys

 

[Trajan]

No, I made them up. That's how you people are arguing. You're claiming that the stimulus failed because it didn't achieve some made up numbers.

this is new height in intellectual dishonesty, even for you, and man, thats saying something. simply unbelievable.

The clowns are saying the stimulus failed because unemployment isn't 8%. That's a made up number.

uh huh....

 

[The Rabbi]

No, I made them up. That's how you people are arguing. You're claiming that the stimulus failed because it didn't achieve some made up numbers.

this is new height in intellectual dishonesty, even for you, and man, thats saying something. simply unbelievable.

The clowns are saying the stimulus failed because unemployment isn't 8%. That's a made up number.

So why did Obama's team make up that number?

 

[NYcarbineer]

this is new height in intellectual dishonesty, even for you, and man, thats saying something. simply unbelievable.

The clowns are saying the stimulus failed because unemployment isn't 8%. That's a made up number.

So why did Obama's team make up that number?

Because that's what economists do. That's why they call it the dismal science. If you had ever read the analysis, btw, you would find that the caveats were ample and explicit.

 

[NYcarbineer]

Go ahead, bub. Knock yourself out.

The Tax Cuts happened. And the New Deal Part Deux was not passed.

The top rate went from 94% in 1944 to 84% in 1946 then back up to 92% by 1952.

If you're touting that top tax rate as pro-growth then we have a lot of room to work with to raise revenue.

 

[boedicca]

It wasn't big enough.

Could you possibly be any DUMBER?

If Hitler had invaded Poland in 1935 and Japan attacked us in 1936, when would the US Depression have ended?

Is that with our without the Magic Unicorn Air Patrol?

 

[CrusaderFrank]

It's a matter of mechanism. His argument is that government spending can't lift/help to lift the economy out of recession. How does fighting a way expand the economy? By a massive injection of government spending.

Which was a total failure from 1933 until Hitler's invasion of Poland.

Epic Fail.

Epic Fail every time its been tried.

You do understand that WWII was a massive government spending program, right? If massive government spending programs, on borrowed money, can't bring a country out of recession,

how come that one did?

Are you suggesting that all unemployed people join the military?

 

[Annie]

It wasn't big enough.

Could you possibly be any DUMBER?

If Hitler had invaded Poland in 1935 and Japan attacked us in 1936, when would the US Depression have ended?

Do you have a clue to where Germany and Japan were in those years? Do you have a clue to where they were in 1941 and what they thought then? If not, then you're way more ignorant than I thought, as the diaries and testimonies of those involved have been well publicized.

 

[The Rabbi]

The clowns are saying the stimulus failed because unemployment isn't 8%. That's a made up number.

So why did Obama's team make up that number?

Because that's what economists do. That's why they call it the dismal science. If you had ever read the analysis, btw, you would find that the caveats were ample and explicit.

So Obama relied on people for advice who simply make up numbers to sound good?

Do you make this shit up or do the voices in your head tell you what to write?

 

[NYcarbineer]

Which was a total failure from 1933 until Hitler's invasion of Poland.

Epic Fail.

Epic Fail every time its been tried.

You do understand that WWII was a massive government spending program, right? If massive government spending programs, on borrowed money, can't bring a country out of recession,

how come that one did?

Are you suggesting that all unemployed people join the military?

No, I was asking a question. Can you answer the question?