Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (462158)	3/9/2009 12:17:43 PM
From: i-node	Read Replies (1) \| Respond to of 1575697

>>> Uh, no there isn't. Uh, if you had a clue what you were talking about, you'd know there IS. During the 30s the median unemployment rate was 17.1%, and at no time did it fall below 14%. There is strong evidence that implementation of Social Security and Unemployment as part of the New Deal actually STOPPED employers from hiring people they otherwise might have hired. The insane labor laws FDR put in place actually put more people out of work rather than helping the unemployment situation. In fact, the only reason we saw even a temporary dip in unemployment is because the government was hiring so many people in temporary labor positions -- as soon as those ended, the rate spiked back up. If anything, FDR's handling of the Great Depression should serve as a model of HOW NOT TO DO IT. >>> Like in those countries which didn't implement any New Deal-like measures. Uh, yeah, like Canada, where there was not ONE bank failure. FDR was a great wartime president, no doubt about it. But he blew it on the economy. Totally. In relatively few instances can a president actually CHANGE the economy -- and he managed to do so, but totally went the wrong direction. Today, much of the country is totally misunderstanding what transpired with FDR & The Great Depression and that has led to Obama making the same mistakes, only bigger.