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Re: Economics 101 .... the rest of the story ....


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Posted by oldtanker on October 10, 2019 at 08:05:06 from (66.228.255.203):

In Reply to: Economics 101 .... the rest of the story .... posted by Crazy Horse on October 09, 2019 at 05:20:16:

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I figured that everyone was smart enough to understand where that money came from. And Hitler and his cronies didn't pay for all of that with Jewish money between 1933 and 1936. They didn't start to seize Jewish property until 1938. So the funding of the German war machine as you put it, with assets stolen from the Jewish population, didn't start until 1938. And yes, timeline is important here.

Now much did Roosevelt spend on his stimulus packages, the construction projects, CC and such that failed? The "New Deal" alone was 500 million dollars between 1933 and 1936. That's about 9.6 BILLION in today's money. And it was an utter failure. When millions were out of work thousands were employed. I know. We were all taught that Roosevelt was a saint. But actually look at the historical records and what we were taught in school and fact are 2 different things. One thing that Roosevelt did do which was very important was he gave the people both hope and confidence that they would survive and that things would get better. His now famous "fire side chats" worked wonders! Now the failures of his programs? He wasn't alone. England embraced much the same response to the depression and they too failed. They became involved in WWII in 1939 so they did recover much quicker. Now here is the kicker. Roosevelt's failure to get us out of the depression WAS NOT ENTIRELY HIS FAULT! Congress was actually much to blame. The Isolationist party was alive and well. And they had enough votes that they would have blocked any move to rearm the US. I firmly believe that had he be allowed to that Roosevelt would have gladly used military procurement as a means of stimulating the economy. Congress didn't want to waste the money on military procurement or making the military larger.

Kinda follows. What did the stimulus packages passed and spent by both the "shrub" and "O" do other than bail out a few companies? Those "shovel ready" jobs never materialized. Billions and billions spent to what end?

Rick

Governments in general are terrible at creating jobs.


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