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Strategies & Market Trends : Humble1 and Swing Trading Friends
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To: zman69 who wrote (9915)1/16/2013 1:16:40 PM
From: llap  Read Replies (1) of 41091
 
zman: agree on all points. Looking back at Nazi Gemany at the time in comparison to the US - both Pres. Roosevelt and Hitler came to power at about the same time. Hitler's gigantic economic stimulus programs ensured full employment levels as before 1929 in about 20 months (1935), while Roosevelt's much too cautious New Deal programs reduced UE, but kept it at elevated levels thru 1940. Obviously, Hitler's stimulus was partly geared towards criminal purposes like wars of aggression, but you don't have to build Panzers only... It was only after the Lend-Lease act in 1940 stimulated government spending enough to finally overcome mass-UE in the USA. Somehow, the idiots have captured the economic debate both in the 1930s and now to reduce debt instead of stimulate the economy. The effects for the US are predictably the same... a long period of elvated mass-UE. Way not to learn from history!
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