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

To: combjelly who wrote (477556)	5/4/2009 4:46:43 PM
From: Steve Dietrich	Read Replies (2) \| Respond to of 1573848

The Dow doubled during FDR's first year, quadrupled during his first term. It's laughable revisionism that he somehow caused the GD or made it worse. It's one of many reasons that our friends on the right have become such national laughingstocks. And it is amazing how they stick to their fact free theories. A simple economic comparison between the Clinton and Bush years ought to give them pause. But when you believe something on faith, nothing gives you pause. SD

To: combjelly who wrote (477556)	5/4/2009 4:59:23 PM
From: i-node	Read Replies (2) \| Respond to of 1573848

>> And the US, despite being hit very hard by the GD, did better than any other country save New Zealand. Uh, not exactly. For example, there were no bank failures in Canada, Unemployment hit 27% there. And GNP dropped 40% vs. U.S.'s 37%. But the real problem with FDR's policy was the anti-employment provisions -- Unemployment compensation, social security, unions, etc. It is blatantly obvious that these things caused the Great Depression to drag out -- and it would have been indefinitly, had not the war come along and essentially bailed FDR out. Had he not imposed these provisions on employers, they obviously would have hired people back sooner, avoiding the Roosevelt Recession, or the "Depression within a Depression" that occurred as a result of them. I know you disagree, but you are wrong and it has been proven time and again. IN addition, FDR's domestic policy is substantially responsible for the mess this country is today. It laid the structure for the modern Welfare State which led to social decay and massive public debt. It is unlikely the Great Society programs would have been accepted without America having perceived the New Deal to have been a success. In the end, both of these eras have proven to be disasters for this country.