OT Merkel and Trump
- Thread starter Pennick44
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You're correct ... lots of studies show libtard Roosevelt made it far worse than it had to be.
"President Roosevelt believed that excessive competition was responsible for the Depression by reducing prices and wages, and by extension reducing employment and demand for goods and services," said Cole, also a UCLA professor of economics. "So he came up with a recovery package that would be unimaginable today, allowing businesses in every industry to collude without the threat of antitrust prosecution and workers to demand salaries about 25 percent above where they ought to have been, given market forces. The economy was poised for a beautiful recovery, but that recovery was stalled by these misguided policies."
"High wages and high prices in an economic slump run contrary to everything we know about market forces in economic downturns," Ohanian said. "As we've seen in the past several years, salaries and prices fall when unemployment is high. By artificially inflating both, the New Deal policies short-circuited the market's self-correcting forces."
The Depression was actually ended, and prosperity restored, by the sharp reductions in spending, taxes and regulation at the end of World War II, exactly contrary to the analysis of Keynesian so-called economists. True, unemployment did decline at the start of World War II.
And he proceeded to add another bloated entitlement program called Obama Care Just what the country needed. .another handout.
The deficit spending that we plunged into to fight WWII was the reason our depression ended. Not the war itself.
Wrong... full employment was necessary..... also the country's savings rate went above 15% ....there was a massive accumulation of capital ....was like austerity during the war ....ask your grandparents.
During World War II, the US government sold more than $185 Billion worth of War bonds to finance the war. This accounted for over half of the war's $304 billion cost. The enormous spending on war bonds by the people caused a sharp increase in the personal savings rate. In 1944 the personal savings rate was over 25%, an all time high. This meant that people were willing to not spend over a quarter of their disposable income. In a addition to rationing, war bonds were a major cause of this sharp increase.
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Wrong... full employment was necessary..... also the country's savings rate went above 15% ....there was a massive accumulation of capital ....was like austerity during the war ....ask your grandparents.
During World War II, the US government sold more than $185 Billion worth of War bonds to finance the war. This accounted for over half of the war's $304 billion cost. The enormous spending on war bonds by the people caused a sharp increase in the personal savings rate. In 1944 the personal savings rate was over 25%, an all time high. This meant that people were willing to not spend over a quarter of their disposable income. In a addition to rationing, war bonds were a major cause of this sharp increase.
Selling government bonds is deficit spending. We went into hock to fight WW II. Government spending skyrocketed. This is well established.
You won a war ... that was the return.....Obamas spending generated no growth and was consumed....no return.
Manufacturing exploded to support the war effort, and these became major growth engines along with housing to accommodate the high demand of several million vets returning home to start families. investing in our infrastructure can have a great return on investment, but hope the Trump administration focuses on ways to collaborate and encourage private investment. Wrote previously that I would love to see our US Corporations profits that are parked overseas for tax avoidance to be re-patriated with a tax break, but with possibly zero tax when invested to provide economic growth and employment opportunities in targeted economically depressed areas.
Whoops!
Credibility Of Cyber Firm That Claimed Russia Hacked The DNC Comes Under Serious Question
The cyber security firm hired to inspect the DNC hack and determine who was responsible is a firm called Crowdstrike. Its conclusion that Russia was responsible was released last year, but several people began to call its analysis into question upon further inspection.
Credibility Of Cyber Firm That Claimed Russia Hacked The DNC Comes Under Serious Question
The cyber security firm hired to inspect the DNC hack and determine who was responsible is a firm called Crowdstrike. Its conclusion that Russia was responsible was released last year, but several people began to call its analysis into question upon further inspection.
Fake NewsWhoops!
Credibility Of Cyber Firm That Claimed Russia Hacked The DNC Comes Under Serious Question
The cyber security firm hired to inspect the DNC hack and determine who was responsible is a firm called Crowdstrike. Its conclusion that Russia was responsible was released last year, but several people began to call its analysis into question upon further inspection.
Obama & Bush's spending stopped a depression from happening. Just because you don't understand the return doesn't mean there wasn't one.
You have proof there was a depression? My hunch is that Trump got elected mainly because nothing got fixed doubling down on the debt of every other President.
Ivan, That likely is accurate with respect to the Wall Street bail out as not sure the world could have survived the lost confidence and adverse impact of more financial house failures, albeit something that was very unpopular. The near trillion dollar shovel ready infrastructure booddoggle that Obama abdicated to Pelosi and Reid was a shameful waste of scarce resources with little to no payback beyond Democratic votes.
From mid 2008 to early 2009, a depression was a distinct possibility. Biggest banks in the world failing, paychecks not going out, possible unemployment over 50%.
It was a shitty situation that had many causes; but both Bush and Obama did the right thing. At least, as far as not letting the world collapse into total anarchy.
BOMBSHELL: CIA Whistleblower Leaked Proof Trump Under "Systematic Illegal" Surveillance Over Two Years Ago: FBI Sat On It
The same day House Intelligence Committee chairman Devin Nunes gave a press conference disclosing that President Trump had been under "incidental surveillance," Attorney and FreedomWatch Chairman, Larry Klayman, sent a letter to the House Committee on Intelligence imploring them to pursue the claims and evidence presented under oath at a Washington DC FBI Field Office by his client - CIA / NSA Whistleblower Dennis Montgomery.
The same day House Intelligence Committee chairman Devin Nunes gave a press conference disclosing that President Trump had been under "incidental surveillance," Attorney and FreedomWatch Chairman, Larry Klayman, sent a letter to the House Committee on Intelligence imploring them to pursue the claims and evidence presented under oath at a Washington DC FBI Field Office by his client - CIA / NSA Whistleblower Dennis Montgomery.
No president has ever had to deal with this much interference from an outgoing president it is clear the Democrats do not want to work they only one to obstruct
Unlike most of Washington president Trump is an outsider trying to get things done expecting to work with both parties he reached across the aisle and the Democrats played their silly games as they lose more and more political Capital through the years
Don't you find it interesting that in the last days of the Obama Administration that President Obama allowed so much dissemination to be spread through so many branches and now it looks like innocent people have been unmasked that even the executive branch of the previous administration is responsible
This should be no surprise to anyone who has followed the wiretapping of reporters and Reporting organizations by the Obama Administration
This is very similar to Soviet tactics how ironic
The only thing he is succeeding in doing is golfing and lining his pockets with taxpayer money. In only two months he has created the most clandestine,dysfunctional,soulless ,unqualified presidency in american history. Because of his complete lack of character and conscience we ve become the butt of the rest of the worlds jokes.
One can only imagine the people's paradise the gangster Clintons would be delivering! Lols
I believe you got him mixed up with Obama
A diary kept by President John F Kennedy as a young man travelling in Europe, revealing his fascination with Adolf Hitler, is up for auction.
Kennedy, then 28, predicted "Hitler will emerge from the hatred that surrounds him now as one of the most significant figures who ever lived".
"He had in him the stuff of which legends are made," he continued.
Kennedy wrote the entry in the summer of 1945 after touring the German dictator's Bavarian mountain retreat.
It is thought by historians to be the only diary ever kept by the 35th US president.
Kennedy, then 28, predicted "Hitler will emerge from the hatred that surrounds him now as one of the most significant figures who ever lived".
"He had in him the stuff of which legends are made," he continued.
Kennedy wrote the entry in the summer of 1945 after touring the German dictator's Bavarian mountain retreat.
It is thought by historians to be the only diary ever kept by the 35th US president.
Like this terror attack intended "to make a statement"?
https://www.washingtonpost.com/news...ll-black-men-and-make-a-statement-police-say/
Terrible what that scum had planned. I just truly don't understand when liberal Europeans will wake up. The Muslim birth rate is loads higher than the natives. Probably not in our life time, but in our grandchildrens Europe will be majority Muslim, it's almost a lock
They will be the majority. Islam is not compatible with the west. Sounds harsh I know.
The Muslims goal is to dominate the world with their religion it's in the Quran they want Sharia law everywhere.....
51% of U.S. Muslims want Sharia; 60% of young Muslims more loyal to Islam than to U.S.
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