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Politics : View from the Center and Left
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To: Suma who wrote (146814)10/11/2010 4:32:29 PM
From: Katelew  Read Replies (1) of 542598
 
Hi Suma,

It seems to me that an FDR approach might be called for if we were clearly in a Depression. Like the 1930s one with dramatically falling prices and wages. But right now we aren't. We're in a slow growth economy with overall prices and wages holding steady.

I had never read about the Great Depression until recently. One thing that was very shocking was just how much prices of things steadily spiraled down, dragging wages with them. FDR actually intervened legislatively and put price floors in to stop the deterioration. We are nowhere close to this. Prices of commodities, many services, healthcare and drugs, food, and others are creeping upward.

My vote is for no more fed. govt. spending and intervention, and let the economy plod on for awhile and try to correct itself.
But then I'm one who thinks adding to federal debt levels at this point and time is too dangerous. If states want to improve their infrastructure, then the citizens of those states should vote on it and pony up the cost. After all, their own citizens are the ones who benefit most from such infrastructure and the jobs that it would indeed create.

I certainly, though, do agree with getting out of the ME and cutting back military expenses. What a waste of resources and lives, not to mention the sucking of money out of this country into another.
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