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

To: combjelly who wrote (482274)	5/20/2009 10:10:00 AM
From: i-node	1 Recommendation Read Replies (1) \| Respond to of 1575352

Everyone knows the US was one of the hardest hit. Yet we recovered to, and exceeded the 1929 highs in everything but exports. Yes, I agree the US was among the hardest hit. But there were others who were hit just as hard (e.g., Germany). I'm not sure what you're argument is because it is so vague. But the New Deal did NOT bring us to a fast recovery from the Depression -- but it is obvious that the public works jobs were badly needed and gave a lot of suffering people work to do during the interim. But the reality is that US economic growth didn't return until the arms buildup of WWII. Had the FDR policy "worked", we should have seen a return to economic growth in something less than 10 years. But what we saw was a momentary blip as a result of massive government spending. I'm not saying the spending was the wrong thing to do; it did give desperate people jobs. But making it more expensive for private enterprise to hire employees was a mistake that clearly slowed the recovery. I'm not quite sure how you can even debate what is an economically apparent point.