Impeach George W. Bush Message Board

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Politics : Impeach George W. Bush

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To: Lazarus_Long who wrote (21489)	6/18/2003 8:59:23 PM
From: Steve Dietrich	Read Replies (3) of 93284

<<The United States hasn’t had anything even close to a depression in the post-war period. >> You're right about this. We also had a depression in 1907. You're also right about living standards over the last 100 years. In the Roaring 20's poverty was around 40%, now it's close to 10%. I see both these things as evidence of how effective the welfare state and how effective government regulation of free markets has been, here and in Europe, since The Great Depression. The unregulated laissez-faire pre-WWII economy was far inferior to the post WWII New Deal - Great Society modern economy. If fact it was the faltering of free market economies before WWII that allowed communism to seem like a viable alternative. They didn't realize that a free market based economy could adapt and thrive, not collapse under the weight of its inequities. As a Libertarian (if my memory is correct) i'm assuming you have a different take. What is it? Steve

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