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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Katelew who wrote (140360)	7/6/2010 11:24:36 AM
From: Steve Lokness	Read Replies (1) \| Respond to of 541556

At any rate, I find it hard to take either of them seriously because I never see any evidence that they understand the sum total of the Great Depression, how it was a long, slow evolution, complete with fits and starts. They pull out isolated events, isolated years and assume causalities here and there that may not necessarily be there. 19% after ten years! You do have an ability to see the real picture - and put it in clear language we can all understand. I still think we can learn from this history and that is that there are cycles the economy goes through that we don't have a lot of control over. We might not be able to make things much better - but we can sure screw it up for future options. Doesn't mean we should do nothing - again looking at history take from Roosevelt what worked for the unemployed. The CCC and all they accomplished is where I think we should be looking.

To: Katelew who wrote (140360)	7/6/2010 11:33:06 AM
From: JohnM	Read Replies (2) \| Respond to of 541556

I'll take your word for it that unemployment was at 19% in 1939; sounds a bit high though. Assuming that's right, the Krugman argument would be 1937 when Roosevelt did what the deficit hawks want done now. Up went unemployment. As for the present safety net argument, as I understand it's more about stimulus. Extending unemployment is worthwhile in it's own way, so I'll pass that one up. But the remainder-help for state governments, etc., is stimulus money. And that's an economic argument, not a safety net argument. Cut out spending from those sources and the contraction contracts even further. Ah, so, catching up on the thread, I see you are somewhere between 66 and 47; just can't decide where??!1