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

To: tejek who wrote (730492)	8/2/2013 12:16:01 PM
From: joseffy	Respond to of 1578660

Ohio officials: Rates to increase under health law

To: tejek who wrote (730492)	8/2/2013 12:16:11 PM
From: joseffy	Respond to of 1578660

Detroit’s Failure, a Product of Liberalism and Greed

To: tejek who wrote (730492)	8/2/2013 12:30:45 PM
From: i-node	Read Replies (1) \| Respond to of 1578660

>> ..they demanded that FDR cut the deficit: You don't know your history. It was FDR, PERSONALLY, who believed the spending had to stop. Not the Republicans as you claim. But the figures you presented prove MY point and not YOURS. Government spending doesn't create real jobs. It creates make work, and when you stop spending (which everyone agrees you have to do at some point), those jobs dissipate into thin air. That's precisely what happened in 1938 during the Roosevelt Recession. The question is why was unemployment STILL at 14.3% in 1937? After 7 LONG YEARS of devastation. We're seeing the same thing now. A jobless recovery. As a result of misguided Keynesian economics. Morganthau had the intellectual honesty to admit it had failed. Unfortunately, you and Krugman are far too committed to your party politics to admit such a thing. >> one need look no further than modern day Europe and the miserable mess in which it finds itself. It's current plight confirms that its you who has a very weak understanding of economics. One cannot look at EU as thought it were a "country". Spain's unemployment problem is different from Germany's. It makes no sense to group these together and say, "Look at that mess."