"Uh, not exactly. "
Uh, yeah. Exactly.
"For example, there were no bank failures in Canada,"
Like I said, the US was hit very hard.
"Unemployment hit 27% there. And GNP dropped 40% vs. U.S.'s 37%. "
Canada was one of the countries that tried cutting spending and decreasing government debt. All of them did poorly and none recovered at all until they started to spend.
"It is blatantly obvious that these things caused the Great Depression to drag out "
No it isn't blatantly obvious. In the US, things had recovered to pre-Crash levels except for exports. That is hardly dragging things out.
"and it would have been indefinitly, had not the war come along and essentially bailed FDR out. "
And how did the war bail bim out? By giving him an excuse to really kick up spending, the deficit and even top level taxes.
"Had he not imposed these provisions on employers, they obviously would have hired people back sooner, avoiding the Roosevelt Recession, or the "Depression within a Depression" that occurred as a result of them."
Other than they fact there isn't a shred of proof that such would have been the case, I suppose you have a point. The fact of the matter is that the US was well on the way to recovery when we got involved in the war. The fact of the matter is that the countries who practiced fiscal conservatism like you think the US should have done, didn't recover at all until they entered the war. The fact of the matter is, like with Canada and Australia, they generally got steadily worse.
Those are the facts. All you have is some handwaving. |
