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Was FDR's inability to end record unemployment through record spending for years on end.
How is this any different from now?
Was FDR's inability to end record unemployment through record spending for years on end.
How is this any different from now?
It's not any different, that's the point. Obama is following FDR's roadmap to the letter. Many economists will state that FDR's effort only lenghtened the great depression--while other countries came out of it much sooner than the United States.
But what is hillarious with this administration. FDR spent a ton of money on roads & bridges that took thousands of men with shovels to complete. This of course back in the 1930's when we actually needed roads & bridges.
Obama is doing the exact same thing--but obviously never took into consideration that--today a couple of heavy equipment operators can do the same day's work as thousands of men with shovels---. Plus we really don't need more bridges & roads--this nation gets along fine with the ones we have.
This is Obama's flood the basement economics--& his policies have been an utter failure in job creation. The only thing that has been expanding in leaps & bounds is the size of the Federal Government, while the private sector is still shrinking & shedding jobs.
When will Americans ever learn.
That massive government spending does not create long term private sector job growth?
No one can borrow & spend their way to prosperity.
View attachment 9744
Now up to 12.4 trillion
Was FDR's inability to end record unemployment through record spending for years on end.
How is this any different from now?
It's not any different, that's the point. Obama is following FDR's roadmap to the letter. Many economists will state that FDR's effort only lenghtened the great depression--while other countries came out of it much sooner than the United States.
But what is hillarious with this administration. FDR spent a ton of money on roads & bridges that took thousands of men with shovels to complete. This of course back in the 1930's when we actually needed roads & bridges.
Obama is doing the exact same thing--but obviously never took into consideration that--today a couple of heavy equipment operators can do the same day's work as thousands of men with shovels---. Plus we really don't need more bridges & roads--this nation gets along fine with the ones we have.
This is Obama's flood the basement economics--& his policies have been an utter failure in job creation. The only thing that has been expanding in leaps & bounds is the size of the Federal Government, while the private sector is still shrinking & shedding jobs.
When will Americans ever learn.
That massive government spending does not create long term private sector job growth?
No one can borrow & spend their way to prosperity.
View attachment 9744
Now up to 12.4 trillion
Now I live in a state that hasn't received the stimulus Barry promised to repair our roads and interstates and bridges.
I think it's different because the "messiah" is here to fundamentally transform this nation. We need to Progress past that pesky constitution.
I think it's different because the "messiah" is here to fundamentally transform this nation. We need to Progress past that pesky constitution.
FDR did exactly that. Perhaps you forgot how he stacked the supreme court by expanding the number of sitting members, just to get them to change their stance on the constitutionality of certain measures he wanted.
I cannot dispute that Obama looks to be set to further erode our freedoms.
It's not any different, that's the point. Obama is following FDR's roadmap to the letter. Many economists will state that FDR's effort only lenghtened the great depression--while other countries came out of it much sooner than the United States.
But what is hillarious with this administration. FDR spent a ton of money on roads & bridges that took thousands of men with shovels to complete. This of course back in the 1930's when we actually needed roads & bridges.
Obama is doing the exact same thing--but obviously never took into consideration that--today a couple of heavy equipment operators can do the same day's work as thousands of men with shovels---. Plus we really don't need more bridges & roads--this nation gets along fine with the ones we have.
This is Obama's flood the basement economics--& his policies have been an utter failure in job creation. The only thing that has been expanding in leaps & bounds is the size of the Federal Government, while the private sector is still shrinking & shedding jobs.
When will Americans ever learn.
That massive government spending does not create long term private sector job growth?
No one can borrow & spend their way to prosperity.
View attachment 9744
Now up to 12.4 trillion
Now I live in a state that hasn't received the stimulus Barry promised to repair our roads and interstates and bridges.
Sorry about your roads & bridges--we got a 500,000 dollar bike path--that no one really uses. It actually employed 3 guys for a week---
BTW--thanks for your payment of federal tax dollars for our new bike path.
Was FDR's inability to end record unemployment through record spending for years on end.
How is this any different from now?
Wow.. You people need a history lesson.. WWII got us out of the great depression and FDR did help..
If you all care to actually look up facts.. The unemployment rate shrank every year he was in office.. To an all time low of 1.9% in 1945 at the peak of WWII.. His first year in office saw the unemployment rate drop by over 3%..
While I am not going to say that all of FDR's policies were good.. I am not going to attempt to rewrite history and say he is the reason the depression was longer than it was..
The bottom line is this.. FDR and WWII ended the great depression and those are the facts..
Was FDR's inability to end record unemployment through record spending for years on end.
How is this any different from now?
What distinguished the great Depression was Herbert Hoovers refusal to do anything as a major recession turned into a depression. His hands off, let the economy fix itself threw most of the nation into poverty