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: i-node who wrote (462162)	3/9/2009 12:41:40 PM
From: combjelly	Read Replies (1) \| Respond to of 1575907

"Uh, if you had a clue what you were talking about, you'd know there IS.." I have lots of clues. What I don't have is your ideology which requires editing history. "During the 30s the median unemployment rate was 17.1%, and at no time did it fall below 14%. " That is not true. Unemployment peaked in 1933, the year FDR took office. It steadily declined until the pullback in 1937 and spiked to nearly 19% and started to decline again until the start of the war to 9%. u-s-history.com "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." Under the theory, I suppose, that employers hire people when there isn't any demand for their products. You keep pushing this novel theory. I can't really figure out what school of economics holds this is true. Even the whack jobs of the Austrian School wouldn't touch that one. "Uh, yeah, like Canada, where there was not ONE bank failure." I dunno about that, I do know that the unemployment rate and industrial production in both Canada and Australia never made any significant recovery until they entered the war. Not so in other countries which adopted New Deal-like policies. "Today, much of the country is totally misunderstanding what transpired with FDR & The Great Depression" The only misunderstanding seems to be with those who, for purely ideological reasons, are desperately trying to rewrite history and ignore important facts.