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

To: i-node who wrote (833844)	2/2/2015 11:59:44 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 1579682

"There isn't much a president can do to actually turn an economy around, but he needs to stay out of the way and let it rebound on its own" Hover tried that. You can see how well that worked out. The overall course of the Depression in the United States, as reflected in per-capita GDP (average income per person) shown in constant year 2000 dollars, plus some of the key events of the period [52] By 1932, unemployment had reached 23.6%, and it peaked in early 1933 at 25% The unemployment rate in the US 1910–1960, with the years of the Great Depression (1929–1939) highlighted en.wikipedia.org

To: i-node who wrote (833844)	2/2/2015 12:36:47 PM
From: combjelly	1 Recommendation Recommended By tejek Read Replies (2) \| Respond to of 1579682

You keep making the same nonsense claims. There is no evidence that FDR prolonged the Great Depression by weeks, much less years. You keep ignoring the fact that most of the world was mired in the depression and none of them improved any faster save New Zealand. Who had a New Deal equivalent on steroids. And you ignore the results of the Bush Recession. The larger the stimulus, the better the country did. The more austerity, the worse they did. Applying austerity measures before the economy improves enough, harms it. Every. Time. No. Exceptions. Period. You have to reconcile that before you make wild claims about what might have been. The Bush Bellyflop was a beautiful set of experiments. A bunch of countries with the same problems for the same reasons and a spectrum of remedies. A spectrum of results with consistent themes. Chicago School and Austrian School doesn't work in a financial crisis. If it ever works without precipitating a crisis.