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

To: tejek who wrote (532455)	11/24/2009 4:11:03 PM
From: i-node	Read Replies (1) \| Respond to of 1574709

By "history," Pelosi was no doubt referring to the 1937 effort on the part of FDR's administration to move away from stimulating the economy and towards deficit reduction. The shift was a mistake -- when policymakers should have kept spending, they instead started bringing down the deficit. This is the Left's position, not just Pelosi's. But it is without any factual basis. It was WWII that ended the Depression, not the additional spending. All the additional spending did was to keep FDR in office, i.e., give him POLITICAL gains. The Depression ended only as a result of a return of consumer confidence brought about by WWII. Other things can cause a return of consumer confidence. For example, were we to have a turnaround in Congress in '01 (likely), this COULD be sufficient. Replacement of Obama in '12 will almost certainly turn the economy around if he hasn't been able to get his shit together by then. The one thing that HAS NOT been shown to turn around a bad economy is throwing taxpayer dollars at the problem and the tax increases that the liberals always want to do.