"That's undue pessimism. We'll see. -g-"
chit Vi, how old are u? just think....all the folks u have been excited to vote for in the past...have brought us to this present debacle...so what makes u think our current leaders will take us anywhere else?
here are some comments from two honest men, from Russell tonight:
"The phrase, "The Great Depression" is now in everyone's vocabulary. And it's frightening the American people.
During the Great Depression, Henry Morgenthau, the Treasury Secretary, told his fellow Democrats, "We have tried spending money. We are spending more than we have ever spent before, and it does not work. And I have just one interest, and if I am wrong -- somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises. I say after eight years of this administration, we have just as much unemployment as when we started -- and an enormous debt to boot."
Russell Comment -- Did all that government spending end the Great Depression? Sadly, the answer is no. The spending simply built a mountain of government debt. So what ended the Great Depression? World War II ended it, when 11 million American men were inducted into the military.
I remember all this too well. I enlisted in 1942 while I was a student at Rutgers. Prior to the war, the Government tried everything including the NRA, the WPA, PWA, and CCC. Government can make work, but government can't reverse the direction of the primary trend of the market. "
hmm...r we gonna hear this from any of our current collection of politicians?
Robin |
