The catastrophic failure of progressive policy

[francoHFW]

Remember when Barack Obama, Nancy Pelosi, Harry Reid, and the rest of the Dumbocrats egregiously lied to the American people and said that the Affordable Healthcare Act would drastically reduce healthcare costs for the American people? The left continues to destroy America in their quest for power and control.

Record-High Health Care Spending Hits $3.2 Trillion in 2015

The cost curve has bent down and this year premiums actually went down. Even with total obstruction and sabotage from the GOP. Obamacare needs to be worked on forever, especially with this original Senate version we have here thanks to the obstruction

 

[Markle]

Brainwashed functional moron..... Fair capitalism is not communism, perfect dupe of the greedy idiot rich. Thanks for the worst inequality and upward mobility ever and anywhere in the modern world. And you don't even know about it. Poor America

 

[Markle]

The left has been focused on the pandemic. Where's the President? What's he been doing, other than hosting super spreader events, and embracing the idea that getting sick is good for America.

IF the Liberals have been focused on the pandemic, why did they block help to those suffering from the economic effects of the China virus?

 

[BluesLegend]

The left-wing ideology is a failed ideology. It has been a catastrophic failure everywhere it has been introduced - whether in Cuba, Cambodia, or California.

GOP Rep.-Elect Who Grew Up in Ukraine Warns About Socialism

www.theepochtimes.com

It takes a real numb skull to conflate Democrats and communists...

/—-/ democrats share the same ideology as communists. They just try and hide it.

No even communists think democrats are dumb.

 

[Markle]

See Trump about rape. Left wing ideology created the Declaration Of Independence, the Constitution and the USA. True the Southern conservatives endorsed slavery, but liberal Lincoln and his even more liberal party freed the slaves with mostly Northern help.
The real question is why did the Republican party change its ideology to conservatism?

 

[francoHFW]

The left-wing ideology is a failed ideology. It has been a catastrophic failure everywhere it has been introduced - whether in Cuba, Cambodia, or California.

GOP Rep.-Elect Who Grew Up in Ukraine Warns About Socialism

www.theepochtimes.com

It takes a real numb skull to conflate Democrats and communists...

/—-/ democrats share the same ideology as communists. They just try and hide it.

No even communists think democrats are dumb.

See Trump about rape. Left wing ideology created the Declaration Of Independence, the Constitution and the USA. True the Southern conservatives endorsed slavery, but liberal Lincoln and his even more liberal party freed the slaves with mostly Northern help.
The real question is why did the Republican party change its ideology to conservatism?

And since then absolutely nothing but repealing that kind of thing.... Now the Democrats are the liberals and the GOP are the conservative douchebags.....

 

[Markle]

Nothing ends in catastrophic failure like idiotic left-wing policy...

Here Are 6 Ways a New Report Devastates the $15 Minimum Wage

I grew up in Chicago (Englewood) during the Great Depression and I survived because of
FDR's New Deal. I will forever be grateful to the Democrats and FDR for the food and help he gave to those families on the South side of Chicago in that most miserable period in history.

That would make you over 100 years old. This renders anything you post, worthless but also confirms your lack of credibility. My grandparents, and I'm really old, really did live through the Great Depression.

FDR's policies prolonged Depression by 7 years, UCLA economists calculate
By Meg SullivanAugust 10, 2004
Category: Research

Two UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years, and they blame a suspect previously thought to be beyond reproach: President Franklin D. Roosevelt.

After scrutinizing Roosevelt's record for four years, Harold L. Cole and Lee E. Ohanian conclude in a new study that New Deal policies signed into law 71 years ago thwarted economic recovery for seven long years.

"Why the Great Depression lasted so long has always been a great mystery, and because we never really knew the reason, we have always worried whether we would have another 10- to 15-year economic slump," said Ohanian, vice chair of UCLA's Department of Economics. "We found that a relapse isn't likely unless lawmakers gum up a recovery with ill-conceived stimulus policies."

In an article in the August issue of the Journal of Political Economy, Ohanian and Cole blame specific anti-competition and pro-labor measures that Roosevelt promoted and signed into law June 16, 1933.

"President Roosevelt believed that excessive competition was responsible for the Depression by reducing prices and wages, and by extension reducing employment and demand for goods and services," said Cole, also a UCLA professor of economics. "So he came up with a recovery package that would be unimaginable today, allowing businesses in every industry to collude without the threat of antitrust prosecution and workers to demand salaries about 25 percent above where they ought to have been, given market forces. The economy was poised for a beautiful recovery, but that recovery was stalled by these misguided policies."

Using data collected in 1929 by the Conference Board and the Bureau of Labor Statistics, Cole and Ohanian were able to establish average wages and prices across a range of industries just prior to the Depression. By adjusting for annual increases in productivity, they were able to use the 1929 benchmark to figure out what prices and wages would have been during every year of the Depression had Roosevelt's policies not gone into effect. They then compared those figures with actual prices and wages as reflected in the Conference Board data.

In the three years following the implementation of Roosevelt's policies, wages in 11 key industries averaged 25 percent higher than they otherwise would have done, the economists calculate. But unemployment was also 25 percent higher than it should have been, given gains in productivity.

Meanwhile, prices across 19 industries averaged 23 percent above where they should have been, given the state of the economy. With goods and services that much harder for consumers to afford, demand stalled and the gross national product floundered at 27 percent below where it otherwise might have been.

"High wages and high prices in an economic slump run contrary to everything we know about market forces in economic downturns," Ohanian said. "As we've seen in the past several years, salaries and prices fall when unemployment is high. By artificially inflating both, the New Deal policies short-circuited the market's self-correcting forces."

The policies were contained in the National Industrial Recovery Act (NIRA), which exempted industries from antitrust prosecution if they agreed to enter into collective bargaining agreements that significantly raised wages. Because protection from antitrust prosecution all but ensured higher prices for goods and services, a wide range of industries took the bait, Cole and Ohanian found. By 1934 more than 500 industries, which accounted for nearly 80 percent of private, non-agricultural employment, had entered into the collective bargaining agreements called for under NIRA.

Cole and Ohanian calculate that NIRA and its aftermath account for 60 percent of the weak recovery. Without the policies, they contend that the Depression would have ended in 1936 instead of the year when they believe the slump actually ended: 1943.

Roosevelt's role in lifting the nation out of the Great Depression has been so revered that Time magazine readers cited it in 1999 when naming him the 20th century's second-most influential figure.

"This is exciting and valuable research," said Robert E. Lucas Jr., the 1995 Nobel Laureate in economics, and the John Dewey Distinguished Service Professor of Economics at the University of Chicago. "The prevention and cure of depressions is a central mission of macroeconomics, and if we can't understand what happened in the 1930s, how can we be sure it won't happen again?"

NIRA's role in prolonging the Depression has not been more closely scrutinized because the Supreme Court declared the act unconstitutional within two years of its passage.

"Historians have assumed that the policies didn't have an impact because they were too short-lived, but the proof is in the pudding," Ohanian said. "We show that they really did artificially inflate wages and prices."

Even after being deemed unconstitutional, Roosevelt's anti-competition policies persisted — albeit under a different guise, the scholars found. Ohanian and Cole painstakingly documented the extent to which the Roosevelt administration looked the other way as industries once protected by NIRA continued to engage in price-fixing practices for four more years.

The number of antitrust cases brought by the Department of Justice fell from an average of 12.5 cases per year during the 1920s to an average of 6.5 cases per year from 1935 to 1938, the scholars found. Collusion had become so widespread that one Department of Interior official complained of receiving identical bids from a protected industry (steel) on 257 different occasions between mid-1935 and mid-1936.

The bids were not only identical but also 50 percent higher than foreign steel prices. Without competition, wholesale prices remained inflated, averaging 14 percent higher than they would have been without the troublesome practices, the UCLA economists calculate.

NIRA's labor provisions, meanwhile, were strengthened in the National Relations Act, signed into law in 1935.

As union membership doubled, so did labor's bargaining power, rising from 14 million strike days in 1936 to about 28 million in 1937. By 1939 wages in protected industries remained 24 percent to 33 percent above where they should have been, based on 1929 figures, Cole and Ohanian calculate.

Unemployment persisted. By 1939 the U.S. unemployment rate was 17.2 percent, down somewhat from its 1933 peak of 24.9 percent but still remarkably high. By comparison, in May 2003, the unemployment rate of 6.1 percent was the highest in nine years.

Recovery came only after the Department of Justice dramatically stepped up enforcement of antitrust cases nearly four-fold and organized labor suffered a string of setbacks, the economists found.

"The fact that the Depression dragged on for years convinced generations of economists and policy-makers that capitalism could not be trusted to recover from depressions and that significant government intervention was required to achieve good outcomes," Cole said. "Ironically, our work shows that the recovery would have been very rapid had the government not intervened."

-UCLA-
LSMS368

Read more:

Newsroom

newsroom.ucla.edu

 

[Markle]

In a national emergency it is the presidents job. The president of the United States is the president of every city, town and hamlet in the United States.

As you know, we live in a REPUBLIC, if, as Thomas Jefferson said, "we can keep it". Something progressives are working hard to eliminate.

What you should know too is that without the invitation, the President cannot send Federal troops into any state. There are some exceptions but COVID-19 and governor's and mayors allowing their cities to be destroyed do not qualify.

IF President Trump had sent in Federal Troops, you and all the other Progressives would be screaming for his arrest.

 

[westwall]

The left-wing ideology is a failed ideology. It has been a catastrophic failure everywhere it has been introduced - whether in Cuba, Cambodia, or California.

GOP Rep.-Elect Who Grew Up in Ukraine Warns About Socialism

www.theepochtimes.com

It takes a real numb skull to conflate Democrats and communists...

Not really. Look at the policies Xiden is promoting. Marxist light. Every one of them.

He is a thug and China is a dictatorship. Absolutely horrible has nothing to do with Democrats at all. Think Canada Australia France they have everything the Democrats want already. You are fear-mongered to the point of idiocy.

Better than being the non functional moron that you are. The modern day Democrat party is marxist. The moderates are either too afraid to call them out on it, or they were only lying (a democrat trait it appears) that they are moderate.

I own a flat in France as it happens. If you have money then France is quite nice. If you are middle class the monetary freedom is quite limited. Yes they get lots of vacation time. But they can't afford to do anything with it. My wife's cousin is a theater director. He had to save for five years so that he could fly over here for Burning Man. Her other cousin was the principle photographer for the Louvre. He was only able to come visit twice in 27 years, and he died of cancer at 53. We tried to get him to come here for treatment but he would have had to sell everything he owned, which would have left his kids with nothing.

Yes, France is a great place if you're wealthy. Not so much if you're not.

 

[gipper]

The left-wing ideology is a failed ideology. It has been a catastrophic failure everywhere it has been introduced - whether in Cuba, Cambodia, or California.

GOP Rep.-Elect Who Grew Up in Ukraine Warns About Socialism

www.theepochtimes.com

It takes a real numb skull to conflate Democrats and communists...

Not really. Look at the policies Xiden is promoting. Marxist light. Every one of them.

He is a thug and China is a dictatorship. Absolutely horrible has nothing to do with Democrats at all. Think Canada Australia France they have everything the Democrats want already. You are fear-mongered to the point of idiocy.

Better than being the non functional moron that you are. The modern day Democrat party is marxist. The moderates are either too afraid to call them out on it, or they were only lying (a democrat trait it appears) that they are moderate.

I own a flat in France as it happens. If you have money then France is quite nice. If you are middle class the monetary freedom is quite limited. Yes they get lots of vacation time. But they can't afford to do anything with it. My wife's cousin is a theater director. He had to save for five years so that he could fly over here for Burning Man. Her other cousin was the principle photographer for the Louvre. He was only able to come visit twice in 27 years, and he died of cancer at 53. We tried to get him to come here for treatment but he would have had to sell everything he owned, which would have left his kids with nothing.

Yes, France is a great place if you're wealthy. Not so much if you're not.

The D Party in reality, is R Party lite. Both criminal parties are controlled and funded by the ultra wealthy. As such, both parties do what the ultra wealthy tell them.

The claim the D Party is Marxist is absurd on it’s face. It’s straight up right wing Rush propaganda. Don’t fall for it.

 

[j-mac]

The left-wing ideology is a failed ideology. It has been a catastrophic failure everywhere it has been introduced - whether in Cuba, Cambodia, or California.

GOP Rep.-Elect Who Grew Up in Ukraine Warns About Socialism

www.theepochtimes.com

It takes a real numb skull to conflate Democrats and communists...

Not really. Look at the policies Xiden is promoting. Marxist light. Every one of them.

He is a thug and China is a dictatorship. Absolutely horrible has nothing to do with Democrats at all. Think Canada Australia France they have everything the Democrats want already. You are fear-mongered to the point of idiocy.

Better than being the non functional moron that you are. The modern day Democrat party is marxist. The moderates are either too afraid to call them out on it, or they were only lying (a democrat trait it appears) that they are moderate.

I own a flat in France as it happens. If you have money then France is quite nice. If you are middle class the monetary freedom is quite limited. Yes they get lots of vacation time. But they can't afford to do anything with it. My wife's cousin is a theater director. He had to save for five years so that he could fly over here for Burning Man. Her other cousin was the principle photographer for the Louvre. He was only able to come visit twice in 27 years, and he died of cancer at 53. We tried to get him to come here for treatment but he would have had to sell everything he owned, which would have left his kids with nothing.

Yes, France is a great place if you're wealthy. Not so much if you're not.

The D Party in reality, is R Party lite. Both criminal parties are controlled and funded by the ultra wealthy. As such, both parties do what the ultra wealthy tell them.

The claim the D Party is Marxist is absurd on it’s face. It’s straight up right wing Rush propaganda. Don’t fall for it.

Please tell us what free market policies the Democrats are pushing today?

 

[Dragonlady]

The left has been focused on the pandemic. Where's the President? What's he been doing, other than hosting super spreader events, and embracing the idea that getting sick is good for America.

IF the Liberals have been focused on the pandemic, why did they block help to those suffering from the economic effects of the China virus?

Liberals haven't blocked help to those suffering economic problems in the pandemic. The Heros Act was passed 6 months ago, and McConnell has yet to take up the bill.

It would be really fucking useful if Republicans didn't consider aid to working Americans as somehow counter productive to the economy, but since Republicans live in upside down land, and always choose the least helpful and most destructive economic course of action, this is hardly surprising.

 

[westwall]

The left-wing ideology is a failed ideology. It has been a catastrophic failure everywhere it has been introduced - whether in Cuba, Cambodia, or California.

GOP Rep.-Elect Who Grew Up in Ukraine Warns About Socialism

www.theepochtimes.com

It takes a real numb skull to conflate Democrats and communists...

Not really. Look at the policies Xiden is promoting. Marxist light. Every one of them.

He is a thug and China is a dictatorship. Absolutely horrible has nothing to do with Democrats at all. Think Canada Australia France they have everything the Democrats want already. You are fear-mongered to the point of idiocy.

Better than being the non functional moron that you are. The modern day Democrat party is marxist. The moderates are either too afraid to call them out on it, or they were only lying (a democrat trait it appears) that they are moderate.

I own a flat in France as it happens. If you have money then France is quite nice. If you are middle class the monetary freedom is quite limited. Yes they get lots of vacation time. But they can't afford to do anything with it. My wife's cousin is a theater director. He had to save for five years so that he could fly over here for Burning Man. Her other cousin was the principle photographer for the Louvre. He was only able to come visit twice in 27 years, and he died of cancer at 53. We tried to get him to come here for treatment but he would have had to sell everything he owned, which would have left his kids with nothing.

Yes, France is a great place if you're wealthy. Not so much if you're not.

The D Party in reality, is R Party lite. Both criminal parties are controlled and funded by the ultra wealthy. As such, both parties do what the ultra wealthy tell them.

The claim the D Party is Marxist is absurd on it’s face. It’s straight up right wing Rush propaganda. Don’t fall for it.

I used to think you had a brain but you don't. You parrot the same crap no matter what. The political class are in position to turn this country into a dictatorship right now. Trump comes along and tips over their apple cart so now they are exposing themselves as the roaches desperately try and keep their plans on track.

The political class is marxist in all ways. Buy the people off with bread and circuses while they live like kings.

Myopic people, like you, trot out the old tropes and ignore what is happening right in front of you.

 

[francoHFW]

Brainwashed functional moron..... Fair capitalism is not communism, perfect dupe of the greedy idiot rich. Thanks for the worst inequality and upward mobility ever and anywhere in the modern world. And you don't even know about it. Poor America

Congratulations you are fear-mongered to the point of idiocy lol. Democrats are not Communists you goddamn idiot LOL. Communism is a dictatorship for Christ's sake. And is dead except with a gun to their head in China Cuba and Vietnam. Communist party in modern countries have disappeared since the USSR stopped funding them dumbass.

 

[francoHFW]

The left-wing ideology is a failed ideology. It has been a catastrophic failure everywhere it has been introduced - whether in Cuba, Cambodia, or California.

GOP Rep.-Elect Who Grew Up in Ukraine Warns About Socialism

www.theepochtimes.com

It takes a real numb skull to conflate Democrats and communists...

Not really. Look at the policies Xiden is promoting. Marxist light. Every one of them.

He is a thug and China is a dictatorship. Absolutely horrible has nothing to do with Democrats at all. Think Canada Australia France they have everything the Democrats want already. You are fear-mongered to the point of idiocy.

Better than being the non functional moron that you are. The modern day Democrat party is marxist. The moderates are either too afraid to call them out on it, or they were only lying (a democrat trait it appears) that they are moderate.

I own a flat in France as it happens. If you have money then France is quite nice. If you are middle class the monetary freedom is quite limited. Yes they get lots of vacation time. But they can't afford to do anything with it. My wife's cousin is a theater director. He had to save for five years so that he could fly over here for Burning Man. Her other cousin was the principle photographer for the Louvre. He was only able to come visit twice in 27 years, and he died of cancer at 53. We tried to get him to come here for treatment but he would have had to sell everything he owned, which would have left his kids with nothing.

Yes, France is a great place if you're wealthy. Not so much if you're not.

The D Party in reality, is R Party lite. Both criminal parties are controlled and funded by the ultra wealthy. As such, both parties do what the ultra wealthy tell them.

The claim the D Party is Marxist is absurd on it’s face. It’s straight up right wing Rush propaganda. Don’t fall for it.

I used to think you had a brain but you don't. You parrot the same crap no matter what. The political class are in position to turn this country into a dictatorship right now. Trump comes along and tips over their apple cart so now they are exposing themselves as the roaches desperately try and keep their plans on track.

The political class is marxist in all ways. Buy the people off with bread and circuses while they live like kings.

Myopic people, like you, trot out the old tropes and ignore what is happening right in front of you.

Just keep voting for the scumbag greedy idiot mega-rich GOP billionaires and their ridiculous lies, brainwashed functional moron. After 30 years of giveaway to the rich and bologna propaganda from the GOP, we have the worst inequality and upward mobility in the modern world by far. Great job dumbass lol

 

[francoHFW]

The left-wing ideology is a failed ideology. It has been a catastrophic failure everywhere it has been introduced - whether in Cuba, Cambodia, or California.

GOP Rep.-Elect Who Grew Up in Ukraine Warns About Socialism

www.theepochtimes.com

It takes a real numb skull to conflate Democrats and communists...

Not really. Look at the policies Xiden is promoting. Marxist light. Every one of them.

He is a thug and China is a dictatorship. Absolutely horrible has nothing to do with Democrats at all. Think Canada Australia France they have everything the Democrats want already. You are fear-mongered to the point of idiocy.

Better than being the non functional moron that you are. The modern day Democrat party is marxist. The moderates are either too afraid to call them out on it, or they were only lying (a democrat trait it appears) that they are moderate.

I own a flat in France as it happens. If you have money then France is quite nice. If you are middle class the monetary freedom is quite limited. Yes they get lots of vacation time. But they can't afford to do anything with it. My wife's cousin is a theater director. He had to save for five years so that he could fly over here for Burning Man. Her other cousin was the principle photographer for the Louvre. He was only able to come visit twice in 27 years, and he died of cancer at 53. We tried to get him to come here for treatment but he would have had to sell everything he owned, which would have left his kids with nothing.

Yes, France is a great place if you're wealthy. Not so much if you're not.

The D Party in reality, is R Party lite. Both criminal parties are controlled and funded by the ultra wealthy. As such, both parties do what the ultra wealthy tell them.

The claim the D Party is Marxist is absurd on it’s face. It’s straight up right wing Rush propaganda. Don’t fall for it.

Please tell us what free market policies the Democrats are pushing today?

The left-wing ideology is a failed ideology. It has been a catastrophic failure everywhere it has been introduced - whether in Cuba, Cambodia, or California.

GOP Rep.-Elect Who Grew Up in Ukraine Warns About Socialism

www.theepochtimes.com

It takes a real numb skull to conflate Democrats and communists...

Not really. Look at the policies Xiden is promoting. Marxist light. Every one of them.

He is a thug and China is a dictatorship. Absolutely horrible has nothing to do with Democrats at all. Think Canada Australia France they have everything the Democrats want already. You are fear-mongered to the point of idiocy.

Better than being the non functional moron that you are. The modern day Democrat party is marxist. The moderates are either too afraid to call them out on it, or they were only lying (a democrat trait it appears) that they are moderate.

I own a flat in France as it happens. If you have money then France is quite nice. If you are middle class the monetary freedom is quite limited. Yes they get lots of vacation time. But they can't afford to do anything with it. My wife's cousin is a theater director. He had to save for five years so that he could fly over here for Burning Man. Her other cousin was the principle photographer for the Louvre. He was only able to come visit twice in 27 years, and he died of cancer at 53. We tried to get him to come here for treatment but he would have had to sell everything he owned, which would have left his kids with nothing.

Yes, France is a great place if you're wealthy. Not so much if you're not.

I speak French fluently and have family over there and they don't want to come to the United States and lose all their assets when they have better health care at home for free dingbat. The rich people in France pay their fair share and the country has the number one quality of life in the world and the highest number of tourists in the world etc etc....

 

[P@triot]

Just keep voting for the scumbag greedy idiot mega-rich GOP billionaires and their ridiculous lies

Just keep voting for gub'ment table scraps and your welfare checks, while millionaires like Nancy Pelosi and Joe Biden fleece you blind and laugh at your dumb as while they drive to the bank to cash their checks.

After 30 years of giveaway to the rich and bologna propaganda from the GOP, we have the worst inequality and upward mobility in the modern world by far.

It is so easy to dupe the ignorant left-wing minions. Your masters laugh at you 24x7. The wealthy earned more income under Barack Obama than any time in US history (and the marxist even admitted it because nothing fails like failed left-wing policy). Conversely, under President Trump, the low income worker saw their incomes increase more than any other class by percentage.

Facts matter, mindless-minion. No go cash your welfare check.

Obama admits 95% of income gains gone to top 1%

President Obama agrees with recent study that found the economic recovery since the financial crisis has overwhelming favored the richest Americans, with 95% of the income gains from 2009 to 20012 going to the top 1% of the earning population

money.cnn.com

 

[P@triot]

I speak French fluently...

Unfortuantely you speak ignorance fluently as well. And sadly, you don't even speak basic economics at all.

 

[P@triot]

The political class are in position to turn this country into a dictatorship right now.

Unfortunately, greedy/selfish people like francoHFW don't care about that. They only care about what government can give them (at the detriment of everyone else). As long as he gets his handouts, he's happy to fuck over his grandchildren and erase all liberty.

 

[P@triot]

I speak French fluently and have family over there....

Then you should get your ignorant, socialist ass over there right away. Because nobody wants you here. Literally nobody.