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Politics : John McCain for President -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (5854)	11/9/2008 6:50:27 PM
From: tonto	Read Replies (1) \| Respond to of 6579

I believe we must spend more money and increase deficits. At the same time, as we recover, I fully expect tax increases to come forward. It is just an opinion and we will know in a couple of years what he is going to do.

To: RetiredNow who wrote (5854)	11/10/2008 4:16:54 AM
From: Little Joe	2 Recommendations Read Replies (2) \| Respond to of 6579

" If the Great Depression of the 30's is any indicator, I think deficit spending may be the way to go. But who really knows?" I would think the depression proved just the opposite. The depression continued well beyond deficit spending and in spite of all of the varous government programs enacted. It is likely that WWII was the reason we came out of the Depression. Have a look at Murray Rothbard's America's Great Depression, Murray shows that the depression was not a crisis of capitalism but the result of a disastrously loose monetary policy in the 1920s. A special treat of this book is how Rothbard takes you through the theoretical underpinnings of the crisis, and shows precisely how the central bank distorts the structure of production and unbalances the relationship between consumption and investment. Mmany believe that Hoover was a laissez-faire capitalist. But the truth is quite the opposite. Hoover was actually the first New Dealer. He tried to reflate the economy and attempted ill-fated jobs and spending programs. In fact, FDR's presidential campaign of 1932 argued that Hoover was a big spender who was driving up the debt and making matters worse through his intervention! Hmmmmmmm Little joe