Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
The Progressive Herbert Hoover got elected and embarked on progressive policies.
What was your point here? Is that you're an ignoramus who gets his ass handed to him? Or that periods of prosperity and expansion under conservatives get derailed by progressives when they take power?
You're right on both counts.
Which of Hoovers policies caused the crash? (specifically)
Specifically the Smoot Hawley tarriff, although there were multiple causes.
Smoot Hawley was the Obamacare of its day.
The Conservative "free market deregulation" dogma was such a resounding success in 2008.Taken until now for Obama to set a new record for the DOW.
Wait, is the stock market good today? You approve of the Fed putting the American people in debt an additional $85B/month to help the 1% fatcats?
$85B * 12 = $1 trillion.
Looks like CF completely missed the news from the CBO on the deficit.
CBO Sees Deficit Narrowing to $642 Billion - WSJ.com
WASHINGTONA rapidly shrinking federal budget deficit is upending bipartisan talks to reach a federal budget deal, illustrating the conundrum Washington faces with an improving near-term fiscal outlook but continued longer-term pressures tied to aging baby boomers.
The Congressional Budget Office said Tuesday the federal deficit is expected to shrink to $642 billion in the fiscal year ending Sept. 30, narrowing from the agency's estimate of $845 billion three months ago and sharply lower than last year's $1.087 trillion shortfall.
Wait, is the stock market good today? You approve of the Fed putting the American people in debt an additional $85B/month to help the 1% fatcats?
$85B * 12 = $1 trillion.
Looks like CF completely missed the news from the CBO on the deficit.
CBO Sees Deficit Narrowing to $642 Billion - WSJ.com
WASHINGTONA rapidly shrinking federal budget deficit is upending bipartisan talks to reach a federal budget deal, illustrating the conundrum Washington faces with an improving near-term fiscal outlook but continued longer-term pressures tied to aging baby boomers.
The Congressional Budget Office said Tuesday the federal deficit is expected to shrink to $642 billion in the fiscal year ending Sept. 30, narrowing from the agency's estimate of $845 billion three months ago and sharply lower than last year's $1.087 trillion shortfall.
HOLY FUCKING MOLY!!!
The Fed borrowing is not on budget!
I blame our educational system and the media.
The 1920's were an awesome period in American history but that's not taught.
I blame our educational system and the media.
The 1920's were an awesome period in American history but that's not taught.
Built on a foundation of un-sustainability. The conservative way.
$85B * 12 = $1 trillion.
Looks like CF completely missed the news from the CBO on the deficit.
CBO Sees Deficit Narrowing to $642 Billion - WSJ.com
HOLY FUCKING MOLY!!!
The Fed borrowing is not on budget!
Considering this news came out in May it seems your source of "news" has been deliberately misinforming you. You might want to consider switching to more reliable sources instead.
I blame our educational system and the media.
The 1920's were an awesome period in American history but that's not taught.
Built on a foundation of un-sustainability. The conservative way.
No, based upon free enterprise, lack of government interference and the introduction of 2 transformation technologies: electricity and mass production
I'm sure the crash of 1929 had nothing to do with the "1920'" governments...it was caused by gay marriage.
The feeble attempt at humor doesn't hide the fact that you have no understanding of the period.
Foremost....FDR turned a recession into 'The Great Depression.'
1. In 1931, in some of the darkest days of the Great Depression and the middle of the Hoover administration, unemployment rate stood at 17.4 %. Seven years later, after five years of FDR, and literally hundreds of wildly ambitious new government programs, more than doubling of federal spending, the national unemployment rate stood at 17.4 %. At no point during the 1930s did unemployment go below 14 %. Even in 1941, in the midst of the military buildup, 9.9 % of American workers were unemployed.
2. March 4, 1933, in his first Inaugural Address, FDR said Our greatest primary task is to put people to work. This meant that the New Deal was a wretched, ill-conceived failure.
3. After the stock market crash,, the Dow hit 250 in 1930 under Hoover (it had been 343 before the crash). January 1940, after seven years of the New Deal, the market had collapsed to 151, and remained in the low 100s through most of FDRs terms.
Get this:
4. Arthur Schlesinger, Jr., liberal New Deal historian wrote in The National Experience, in 1963, Though the policies of the Hundred Days had ended despair, they had not produce recovery He also wrote honestly about the devastating crash of 1937- in the midst of the second New Deal and Roosevelts second term. The collapse in the months after September 1937 was actually more severe than it had been in the first nine months of the depression: national income fell 13 %, payrolls 35 %, durable goods production 50 %, profits 78% .
5. In 1935, the Brookings Institution (left-leaning) delivered a 900-page report on the New Deal and the National Recovery Administration, concluding that on the whole it retarded recovery.
The Real Deal - Society and Culture - AEI
What your post does reveal is that the Left has no ability to judge which federal policies are important....and which are not.
Nobody cares you daft bitch.
You're living proof the world can take a joke.
So the crash in 29 was unrelated to the "roaring 20's" you so eagerly cited? Is that your position?
The Roaring Twenties was due to Republican policies.
The magnification of the recession into the Great Depression was due to the policies of Emperor Franklin the First......
Did you know that FDR was a Democrat?
True story.
Not what I asked you. But nice try at dodging the question.
The crash that happened in 29....was it, or was it not related to the "roaring 20's"?
Let's try again.
Thanks for proving my point.
I'm sure the crash of 1929 had nothing to do with the "1920'" governments...it was caused by gay marriage.
The feeble attempt at humor doesn't hide the fact that you have no understanding of the period.
Foremost....FDR turned a recession into 'The Great Depression.'
LMAO, EVEN THE MINSTER OF TRUTH WOULD BE ASHAMED TO MAKE SUCH A RIDICULOUS COMMENT. HAVE YOU NO SHAME (RHETORICAL QUESTION, OF COURSE YOU DON'T).
1. In 1931, in some of the darkest days of the Great Depression and the middle of the Hoover administration, unemployment rate stood at 17.4 %. Seven years later, after five years of FDR, and literally hundreds of wildly ambitious new government programs, more than doubling of federal spending, the national unemployment rate stood at 17.4 %. At no point during the 1930s did unemployment go below 14 %. Even in 1941, in the midst of the military buildup, 9.9 % of American workers were unemployed.
2. March 4, 1933, in his first Inaugural Address, FDR said Our greatest primary task is to put people to work. This meant that the New Deal was a wretched, ill-conceived failure.
3. After the stock market crash,, the Dow hit 250 in 1930 under Hoover (it had been 343 before the crash). January 1940, after seven years of the New Deal, the market had collapsed to 151, and remained in the low 100s through most of FDRs terms.
Get this:
4. Arthur Schlesinger, Jr., liberal New Deal historian wrote in The National Experience, in 1963, Though the policies of the Hundred Days had ended despair, they had not produce recovery He also wrote honestly about the devastating crash of 1937- in the midst of the second New Deal and Roosevelts second term. The collapse in the months after September 1937 was actually more severe than it had been in the first nine months of the depression: national income fell 13 %, payrolls 35 %, durable goods production 50 %, profits 78% .
5. In 1935, the Brookings Institution (left-leaning) delivered a 900-page report on the New Deal and the National Recovery Administration, concluding that on the whole it retarded recovery.
The Real Deal - Society and Culture - AEI
What your post does reveal is that the Left has no ability to judge which federal policies are important....and which are not.
Built on a foundation of un-sustainability. The conservative way.
No, based upon free enterprise, lack of government interference and the introduction of 2 transformation technologies: electricity and mass production
All great buzzwords until you see the result. Crash!
I'm sure you're proud.
I'm sure the crash of 1929 had nothing to do with the "1920'" governments...it was caused by gay marriage.
The feeble attempt at humor doesn't hide the fact that you have no understanding of the period.
Foremost....FDR turned a recession into 'The Great Depression.'
LMAO, EVEN THE MINSTER OF TRUTH WOULD BE ASHAMED TO MAKE SUCH A RIDICULOUS COMMENT. HAVE YOU NO SHAME (RHETORICAL QUESTION, OF COURSE YOU DON'T).
1. In 1931, in some of the darkest days of the Great Depression and the middle of the Hoover administration, unemployment rate stood at 17.4 %. Seven years later, after five years of FDR, and literally hundreds of wildly ambitious new government programs, more than doubling of federal spending, the national unemployment rate stood at 17.4 %. At no point during the 1930s did unemployment go below 14 %. Even in 1941, in the midst of the military buildup, 9.9 % of American workers were unemployed.
2. March 4, 1933, in his first Inaugural Address, FDR said Our greatest primary task is to put people to work. This meant that the New Deal was a wretched, ill-conceived failure.
3. After the stock market crash,, the Dow hit 250 in 1930 under Hoover (it had been 343 before the crash). January 1940, after seven years of the New Deal, the market had collapsed to 151, and remained in the low 100s through most of FDRs terms.
Get this:
4. Arthur Schlesinger, Jr., liberal New Deal historian wrote in The National Experience, in 1963, Though the policies of the Hundred Days had ended despair, they had not produce recovery He also wrote honestly about the devastating crash of 1937- in the midst of the second New Deal and Roosevelts second term. The collapse in the months after September 1937 was actually more severe than it had been in the first nine months of the depression: national income fell 13 %, payrolls 35 %, durable goods production 50 %, profits 78% .
5. In 1935, the Brookings Institution (left-leaning) delivered a 900-page report on the New Deal and the National Recovery Administration, concluding that on the whole it retarded recovery.
The Real Deal - Society and Culture - AEI
What your post does reveal is that the Left has no ability to judge which federal policies are important....and which are not.
YAWN. Our resident troll has become very prolific of late, might that be a result of the drubbing taken by Tea Party Radicals in Congress and her need to change the conversation?
HOLY FUCKING MOLY!!!
The Fed borrowing is not on budget!
Considering this news came out in May it seems your source of "news" has been deliberately misinforming you. You might want to consider switching to more reliable sources instead.
Seriously, I'm trying to help you
You're off in the trillion column
The Fed Reserve QE program pumping $85B/month into the market is NOT the federal government
Nope, Republican "free market deregulation" is what opened the door for Wall St to fund the Great Subprime Mortgage Scam.
Remind what deregulation occurred after 2000.
"Free market deregulation" began with Gingrich's Contract on America in the 1990's. By the 2000's it resulted in the Enron, Worldcom, Arthur Anderson financial scandals. The deregulation of Glass-Stiegall was the what opened the door for the Great Subprime Mortgage Scam. And yes, WJC did sign it but it was all part of the Republican deregulation dogma that resulted in the 2008 collapse.
Considering this news came out in May it seems your source of "news" has been deliberately misinforming you. You might want to consider switching to more reliable sources instead.
Seriously, I'm trying to help you
You're off in the trillion column
The Fed Reserve QE program pumping $85B/month into the market is NOT the federal government
You said DEBT as in BORROWING not QE!
The Federal Reserve is NOT borrowing the money it is using to purchase the Treasury Bonds, instead it is printing currency to pay for them. Furthermore the debt that the Federal Reserves owes on those Bonds is not owned by the government and therefore is not a taxpayer burden.
Which of Hoovers policies caused the crash? (specifically)
Specifically the Smoot Hawley tarriff, although there were multiple causes.
Smoot Hawley was the Obamacare of its day.
So your position is that the Smoot Hawley tarriff act which was passed in 1930 was the cause of the stock market crash in 1929?
Is this your final answer? Because I'm already laughing, but I'd like to hear you say it again.
I blame our educational system and the media.
The 1920's were an awesome period in American history but that's not taught.
Built on a foundation of un-sustainability. The conservative way.
The Roaring Twenties was due to Republican policies.
The magnification of the recession into the Great Depression was due to the policies of Emperor Franklin the First......
Did you know that FDR was a Democrat?
True story.
Not what I asked you. But nice try at dodging the question.
The crash that happened in 29....was it, or was it not related to the "roaring 20's"?
Let's try again.
You're hardly the sharpest knife in the draw.
The recession started under Hoover.
The Depression....FDR.
It seems you missed this:
4. Arthur Schlesinger, Jr., liberal New Deal historian wrote in The National Experience, in 1963, Though the policies of the Hundred Days had ended despair, they had not produce recovery He also wrote honestly about the devastating crash of 1937- in the midst of the second New Deal and Roosevelts second term. The collapse in the months after September 1937 was actually more severe than it had been in the first nine months of the depression: national income fell 13 %, payrolls 35 %, durable goods production 50 %, profits 78% .
5. In 1935, the Brookings Institution (left-leaning) delivered a 900-page report on the New Deal and the National Recovery Administration, concluding that on the whole it retarded recovery.
The Real Deal - Society and Culture - AEI
And, again:
"....after September 1937 was actually more severe than it had been in the first nine months of the depression."
You must have attended government schools....
...I say that because homeschooled students rarely require being told more than once.
