- Thread starter
- #161
The stock market crashed in 1929. Roosevelt was sworn in as President three and one half years later, in March 1933. The great depression was already in full swing when Roosevelt became President. The reforms he put in have prevented a repeat of anything close to the devastation of the great depression. There has been stability since then. The reaction of Bush and then Obama to the 2007-2008 crisis prevented it from turning into a depression. They reacted with the government intervention necessary to stave off another depression. Had you actually had a smidgen of understanding of economic principles, you would know these things.1. "Oh, I read your gibberish. It just didn't amount to much."
Actually, the conclusion is that you are not bright enough to incorporate that truth into your decisions.
If the useless idiocy you tell yourself was 'truth', you might have a point. Alas, it isn't. So you don't.
Remember, Chic....and this point is fundamental: you don't know what you're talking about. You recite. You repeat. You quote verbatim. But you don't think. And you rarely if every bother to research.
2. "The regulation of capitalism is one of practical stability."
I said nothing about regulation....you should strive to use the same level of precision in your reading as I do in my posts.
I did. In the very post you responded to. Wait.....you think my posts are bound to whatever rhetorical deuce you spew up?
Um, no.
3."Look at the 80 or so years before the new deal..."
"The Roaring Twenties is a phrase used to refer to the 1920s in theUnited States,Canada, and theUnited Kingdom, characterizing the decade's distinctive cultural edge inNew York City,Chicago,Berlin,London,Los Angeles, and many other major cities duringa period of sustained economic prosperity"
Roaring Twenties - Wikipedia the free encyclopedia
With 3 recessions in the 20s (1921, 1923, 1926), followed by the Great Depression. And preceded by the Recession of 1918, the recession of 1913, the Panic of 1910, the Panic of 1907, and the recession of 1902.
Does the word 'unstable' mean anything to you? And this is what you want us to return to?
Laughing....so much for that 'wisdom' you were lauding. It helps if you have the slightest clue what you're talking about. Which, of course, you don't.
4. Don't hesitate to request further remedial education.
Says the poor lass that didn't even know that the 'Roaring 20s' had 3 recessions and was followed by the Great Depression.
You're consistently clueless. I'll give you that.
"Says the poor lass that didn't even know that the 'Roaring 20s' had 3 recessions and was followed by the Great Depression."
Economics 101: the reason that Hoover's recession became a depression was that Franklin Roosevelt was President.
You didn't know that either, did you.
1. 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.”
article - AEI
You're dumb enough to remain a Reliable Democrat Voter.
1. "The reforms he put in have prevented a repeat of anything close to the devastation of the great depression."
No truth to that/
2. "There has been stability since then."
And stability is due to the fact that Roosevelt isn't the President.
3. "The reaction of Bush and then Obama to the 2007-2008 crisis prevented it from turning into a depression."
And what reactions would those be?
4. BTW....the mortgage meltdown in Bush's term can be traced directly to FDR's meddling in the private housing market.