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

To: Brumar89 who wrote (481758)	5/18/2009 1:06:56 PM
From: i-node	Respond to of 1574615

>>> Claiming he made it worse might be going too far. There is pretty strong evidence that it prolonged it. One could argue that it didn't make the depth of it worse -- after all, he did put people back to work when they desperately needed it. The mistake was in implementing all the things that made it more difficult for an employer to hire a person -- the unions, Social Security, unemployment taxes, etc. Just basic microeconomics will tell you that if it costs more to hire a person, marginal revenue must be at a higher level than if you don't have those costs to deal with. There were other things, as well. The AAA, the NRA, the SEC -- all impeded business in one way or another. At the same time, I think he was doing SOMETHING, even if some of the things were wrong. He was concerned that future congresses would run roughshod over his plans -- as they did, turning such things as SS and unemployment insurance into unworkable social programs. It is really just a precursor to the kinds of domestic policy that we've seen thus far out of Obama. And it takes decades for those pigeons to come home to roost.

To: Brumar89 who wrote (481758)	5/18/2009 1:47:47 PM
From: Steve Dietrich	1 Recommendation Read Replies (1) \| Respond to of 1574615

No President has ever presided over stronger GDP growth than FDR. In fact, 3 years after taking office GDP set an all time high (beating the 1929 number) and never went under that number again. The right is so desperate, so devoid of substance, so willing to re-write history, that it actually wants us to believe that the president who presided over the strongest economic growth in our nation's history was bad for the economy. Ever wonder why you keep losing elections? Amongst yourselves (an ever shrinking group) you think you make sense. But to the rest of us (the majority) you're just a bunch of raving morons. SD