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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (511574)9/9/2009 12:05:38 PM
From: i-node  Read Replies (2) of 1578108
 
Right. It was when FDR bowed to pressure to go back to the economic theories that failed.

According to Jean Edward Smith -- the author of the heralded biography of FDR -- there was no such "pressure". It was FDR's belief that he couldn't keep up the deficit spending. So, once again, you have your facts totally confused. (The fact is, according to Smith, that FDR faced pressure from his economic advisers NOT to curtail spending, yet he was insistent).

But to address the other point. Nobody has said that you can't put people to work with deficit spending. Eventually, even Obama's stimulus will do THAT (it hasn't yet, of course). But these are not "real" jobs in that as soon as the deficit spending stops, the jobs end. They are phantoms, here today, gone tomorrow. You obviously can't go on like this forever. At some point the "haves" don't "have" anymore.

>> All of the problems hadn't been solved.

NONE of the problems had been solved.
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