US Jobless claims fall to 4 decade low

[CrusaderFrank]

How about this formula?

Rshermr + Economics = George Costanza "Architect".

How about this formula?

Rshermr + Economics = George Costanza "Architect".

How about this formula?

Rshermr + Economics = George Costanza "Architect".

So, Oldstyle, apparently you are incapable of anything close to economic argument. You are posting worthless post after worthless post. So, it does not bother me in the slightest. But I rather believe it is annoying to others on this board And I am sure you could care less.
You are incapable of conversation, or debate, me boy. Totally. And your insults are getting old. As of now, in deference to others who may want to actually engage in discussion about the subject of this thread, you are now officially on ignore. Knock yourself out with your drivel, me boy.

Do you consider Milton Friedman insane, Faun? He does in fact blame FDR for the longevity of the Great Depression.

The fact is most economists now believe that the Keynesian policies of FDR and the failure of the newly formed FED to respond to the banking crisis led to a worsening of the economic situation. For some reason that concept hasn't filtered down yet to the general public who know little about economics...you know...like Georgie?

Why would anyone care what a conservative economist thinks about FDR's Liberal policies? Anyone can look back at that period and contend anything. It's completely meaningless and unprovable.

What remains, however, is the insanity of calling it FDR's Great Depression given it started years earlier under Republican leadership and years of Republican policies; and grew worse with every passing year under Republicans until Democrats took over. Color me surprised that Conservatives want to rewrite history 80 years later to blame those who cleaned up that massive pile of Republican dung.

Why would anyone care? Quite simply...it's a reexamination of the limitations of Keynesian Economic Theory after eighty years of practice. It's a reexamination of what caused the Great Depression to linger as long as it did and a questioning of whether FDR's policies made things better or delayed the recovery. Milton Friedman isn't just any conservative economist! He's a Nobel Prize winner who is considered the second most important economist (behind Keynes) of modern times.

The Nobel Prize in economics has been awarded 71 times. Just wondering why you would pick a discredited economist who is a Libertarian, believing in a system that has never worked to produce a successful socio-economic system in the history of the earth? Odd, how you choose your economists. Perfectly in line with the favorites of the bat shit crazy con web sites.
Three Nobel Prize winners in particular have identified themselves with libertarianism: F.A. Hayek,Milton Friedman, and James Buchanan.

And, coincidentally, oldstyle picks one

Friedman is "discredited"? By who? You? Someone who pretends to have an economics degree on the internet? Milton Friedman was described by Paul Krugman as one of the economic giants of the 20th century...even if Krugman doesn't agree with all of his economic theories and is about a far left as they come...yet YOU have decided that Friedman is discredited because he believed in the ability of free markets to correct themselves.

Friedman lost nearly all credibility when his theories were tested by Ronald Reagan, and the great tax cut which created the second worst ue rate in history, Then further by the stimulus of W, which failed to do anything at all. Not sure where you were, me boy. All really well known parts of economic history.
And see yet why you will be the only person I put on ignore?

^ a box of rocks can beat him at Rock, paper scissors

 

[Markle]

Now you've done it, Ed! You've confronted Rshermr with reality! HE HATES THAT! It makes such a mess of his preconceived ideas about what took place that he's left with no choice but lash out at you! Cue the Rshermr personal attack mode!

I understand that you and ed would be a pair. But buddies, no doubt. Between the two of you, you can have a normal IQ, 50 each.

Did you just accuse Ed and I of being "but buddies", Georgie? I thought you were the guy who abhorred personal attacks? So Ed, brings up valid points about something you've claimed...cites examples of how you're wrong...and you respond how? Not with a well reasoned rebuttal...but with snide homosexual innuendoes?

You simply proved my point...someone confronts you with facts and you respond with personal attacks. That's not a problem either...I could care less when you go all juvenile on us...but it borders on farce when you do THAT and then whine about supposed "personal attacks" by others!

just conjecture. More likely, you simply have similar IQ's, Ed is and has been long known as the site Troll. Stupid as a post. And you seem to be trying to get there.

And you've long been known as the site POSER...

Don't you get tired of making an ass out of yourself with this stuff? Seriously...you come on here and pretend to know something about economics but then you post some of the most unintelligent things I've ever heard on the subject...proving without question that you don't have a clue about what you're talking about. Yet you don't seem to realize how bad you look. I've never seen anything quite like it.

That, me boy, would be your opinion. And you know how much I respect your opinion,

I am really impressed that you teamed with Ed, who for years has been know as The Troll. of this board And with him, waste everyones time with an incredibly stupid post trying to say that Hoobert Hoover did not stand by watching ort Unemployment Rate go from 3.5% to 25% while doing NOTHING. Which I had stated in my post. And saying that he passed much of the stimulus legislation that was, in fact, passed and signed into law by FDR. Truth was EVERY SINGLE POLITICIAN in the US was scared shitless, and if they were Republican, were about to loose their jobs in the next election after the Great Republican Recession Started in 1929. And suddenly, with the ue rate soaring past 20%, republicans became democrats. But not until the ue rate passed 20% on its way to 25%. That caused human misery beyond belief, me boy.
And you, to stand with the great Troll, Ed, and suggest that the problem was one Republican, that being Hoover, was beyond untrue. It was an effort to rewrite history, me boy. The great depression happened in 1929, but had been led up to since 1920, and pretty much entirely by three Republican Presidents (Harding, Coolidge, and Hoover), and three Republican Controlled Congresses.
And then, to blame the Great Republican Depression of 1929 on republican efforts to control the Economy with Tariffs and suggest that those bills had ANYTHING TO DO WITH controlling the human misery caused by the Great Depression was not only untrue, but a complete misstating of the causes of the Great Depression and the efforts to bring unemployment back under control.
Truth was that Hoover and his team tried, after the country literally exploded into chaos caused by the crash of 1929, to draft legislation and get it into law, it was only after the fact. Way too late. Way too small.
Now, most would be ashamed of the lies and distortion of your post. But instead, you suggest it was I who posted untruths. I did not, me boy. The truth is a well known thing. Your, and Ed's, revision is where the lies are. And you posted them. No one else but you and your friend, Ed.
Here is a bit of truth, me boy. Try and read and understand:
"In general, the Republicans retained control of Congress until 1931, after 19 Republicans in the US House of Representatives died and Democrats took their places in the special elections- after Republican President Herbert Hoover had continuously failed to get the US out of the Great Depression.
The Great Depression
On October 29, 1929, a day known in history as Black Tuesday, the New York Stock Exchange experienced a significant crash and the United States, as well as most of the world, would enter a major recession.[47] In response, President Herbert Hoover and the Republican Congress passed the Smoot Hawley Tariff Act. However, it has been recognized that this act only made economic condition far worse.[47] The 1930 midterm election saw the Republicans barely maintain control of the US House of Representatives and US Senate.[48][49] Shortly after the 1930 midterm election, however, special elections were held to replace 19 House of Representative-elects who died, and Democrats would gain a four-seat majority in the US House of Representatives as a result of the outcome of these elections.[50] In the 1932 US Senate elections, the Democrats easily regained control over the US Senate once again; this 1932 election also saw Franklin Roosevelt get elected US President as well, and Roosevelt could now begin his historic New Deal policies through the Democrat-dominated US Congress, and could bring the US out of the Great Depression.
History of the United States Congress - Wikipedia, the free encyclopedia"

FDR took over the Presidency in late March of 1933, with the depression raging. As I have been saying, the Great Depression of 1929 was a Republican affair. And conservatives have been hard at trying to rewrite that history for decades.

There was another depression, one in 1921 which was equal to or worse than that of 1929. The Republican President, Warren G. Harding did nothing. The Depression ended in 18 months.

Franklin Roosevelt, through his Socialist, draconian policies extended the Great Depression by seven years.

That is not re-writing history, that is FACT.

 

[EdwardBaiamonte]

Franklin Roosevelt, through his Socialist, draconian policies extended the Great Depression by seven years.

why only 7?? Stupid liberal policies cause a world war and that ends a depression? Really, the war created even worse economic times and so the Depression did not end until FDR thankfully died!

 

[Rshermr]

Anyone who believes the Jobless claims fell knowing that millions of unemployed people are no longer counted belongs in a mental institution

Why? I would love to hear your explanation of the relationship.

Mongo

There are still millions of people unemployed who don't file anymore because UC is only 26 weeks. Did you know that you are you just a fool?

Oh, my. You don't even know the jobless claims figure which fell is based on new claims filed, not those whose benefits expired.

No wonder you look like such an imbecile.

So you think people all over the country are finding jobs in 26 weeks? You a special kind of stupid

Yep, me poor ignorant con, quite special. As in lives in the real world. As opposed to you, who spends his time in the world of bat shit crazy con web sites. So stupid, me boy, that you did not noticed that you just got crushed.

 

[EdwardBaiamonte]

So stupid, me boy, that you did not noticed that you just got crushed.

socialism killed 120 million so how can a socialist crush anyone except in his own mind?

 

[Markle]

Since you can't admit the Keystone Pipeline Bill would have created jobs...I assume you also won't admit that the GOP effort to repeal the Medical Device Tax imposed under ObamaCare...an effort that was met with a veto threat by President Obama ALSO would have "saved" jobs? Let's hear your excuse for that, Georgie...

The estimate of jobs created for the KP is about 42,000 jobs for one year. While that does provide a temporary boost for 42,000 people, that must be weighed against the hazards of transporting tar sands oil from one end of the country to the other as well as the cost benefit for the U.S. since it is Canadian oil and they reap the profits.

I am well aware that this is going to come as a SHOCK to you and your Cabal.

ALL construction jobs are temporary. I know? Who'd have thought?? All pipeline workers are fully aware (I know, this is SHOCKING to you too) that the pipeline they are working on will be...FINISHED. At that point, they move on to another pipeline. The same is true about each and every other pipeline and INFRUCTURE JOB...pushed by Lame Duck President Obama. How is building a road, and completing a road any different than the Keystone Pipeline?

As you know too, transporting the tar sands, from one end of the country to the other, is far less expensive by way of a pipeline than by railroad. The pipeline is also a much SAFER method of transporting the product than railroad tankers.

 

[pinqy]

Anyone who believes the Jobless claims fell knowing that millions of unemployed people are no longer counted belongs in a mental institution

Why? I would love to hear your explanation of the relationship.

There are still millions of people unemployed who don't file anymore because UC is only 26 weeks

Right, but this thread is about NEW jobless claims. So it doesn't matter how long anyone receives benefits.
During the week ending April 16, there were a seasonally adjusted 248,000 new applications for state unemployment insurance benefits. That is a record low.

For that same week, a total of 2,198,093 collected benefits from federal and state agencies.

And in the 4 weeks ending then, 7.9 million people unsuccessfully looked for work and a further 5.8 million said they wanted a job but weren't looking for one.

Now, what are you thinking I don't understand, or are you going to just insult me?

In the words of my grandmom..........."NOTHING BUT LIES"

And what makes you think that? Have you actually studied the matter or is it just a knee-jerk reaction?

 

[Markle]

Did you just accuse Ed and I of being "but buddies", Georgie? I thought you were the guy who abhorred personal attacks? So Ed, brings up valid points about something you've claimed...cites examples of how you're wrong...and you respond how? Not with a well reasoned rebuttal...but with snide homosexual innuendoes?

You simply proved my point...someone confronts you with facts and you respond with personal attacks. That's not a problem either...I could care less when you go all juvenile on us...but it borders on farce when you do THAT and then whine about supposed "personal attacks" by others!

just conjecture. More likely, you simply have similar IQ's, Ed is and has been long known as the site Troll. Stupid as a post. And you seem to be trying to get there.

And you've long been known as the site POSER...

Don't you get tired of making an ass out of yourself with this stuff? Seriously...you come on here and pretend to know something about economics but then you post some of the most unintelligent things I've ever heard on the subject...proving without question that you don't have a clue about what you're talking about. Yet you don't seem to realize how bad you look. I've never seen anything quite like it.

That, me boy, would be your opinion. And you know how much I respect your opinion,

I am really impressed that you teamed with Ed, who for years has been know as The Troll. of this board And with him, waste everyones time with an incredibly stupid post trying to say that Hoobert Hoover did not stand by watching ort Unemployment Rate go from 3.5% to 25% while doing NOTHING. Which I had stated in my post. And saying that he passed much of the stimulus legislation that was, in fact, passed and signed into law by FDR. Truth was EVERY SINGLE POLITICIAN in the US was scared shitless, and if they were Republican, were about to loose their jobs in the next election after the Great Republican Recession Started in 1929. And suddenly, with the ue rate soaring past 20%, republicans became democrats. But not until the ue rate passed 20% on its way to 25%. That caused human misery beyond belief, me boy.
And you, to stand with the great Troll, Ed, and suggest that the problem was one Republican, that being Hoover, was beyond untrue. It was an effort to rewrite history, me boy. The great depression happened in 1929, but had been led up to since 1920, and pretty much entirely by three Republican Presidents (Harding, Coolidge, and Hoover), and three Republican Controlled Congresses.
And then, to blame the Great Republican Depression of 1929 on republican efforts to control the Economy with Tariffs and suggest that those bills had ANYTHING TO DO WITH controlling the human misery caused by the Great Depression was not only untrue, but a complete misstating of the causes of the Great Depression and the efforts to bring unemployment back under control.
Truth was that Hoover and his team tried, after the country literally exploded into chaos caused by the crash of 1929, to draft legislation and get it into law, it was only after the fact. Way too late. Way too small.
Now, most would be ashamed of the lies and distortion of your post. But instead, you suggest it was I who posted untruths. I did not, me boy. The truth is a well known thing. Your, and Ed's, revision is where the lies are. And you posted them. No one else but you and your friend, Ed.
Here is a bit of truth, me boy. Try and read and understand:
"In general, the Republicans retained control of Congress until 1931, after 19 Republicans in the US House of Representatives died and Democrats took their places in the special elections- after Republican President Herbert Hoover had continuously failed to get the US out of the Great Depression.
The Great Depression
On October 29, 1929, a day known in history as Black Tuesday, the New York Stock Exchange experienced a significant crash and the United States, as well as most of the world, would enter a major recession.[47] In response, President Herbert Hoover and the Republican Congress passed the Smoot Hawley Tariff Act. However, it has been recognized that this act only made economic condition far worse.[47] The 1930 midterm election saw the Republicans barely maintain control of the US House of Representatives and US Senate.[48][49] Shortly after the 1930 midterm election, however, special elections were held to replace 19 House of Representative-elects who died, and Democrats would gain a four-seat majority in the US House of Representatives as a result of the outcome of these elections.[50] In the 1932 US Senate elections, the Democrats easily regained control over the US Senate once again; this 1932 election also saw Franklin Roosevelt get elected US President as well, and Roosevelt could now begin his historic New Deal policies through the Democrat-dominated US Congress, and could bring the US out of the Great Depression.
History of the United States Congress - Wikipedia, the free encyclopedia"

FDR took over the Presidency in late March of 1933, with the depression raging. As I have been saying, the Great Depression of 1929 was a Republican affair. And conservatives have been hard at trying to rewrite that history for decades.

FDR didn't end the Depression either! UE didn't drop below 14% under FDR until Hitler conquered France in 1940. So technically Hitler ended the FDR Depression

No, massive government spending ended it.

Not true. As you know but live in constant illusion.

 

[fbj]

Anyone who believes the Jobless claims fell knowing that millions of unemployed people are no longer counted belongs in a mental institution

Why? I would love to hear your explanation of the relationship.

There are still millions of people unemployed who don't file anymore because UC is only 26 weeks

Right, but this thread is about NEW jobless claims. So it doesn't matter how long anyone receives benefits.
During the week ending April 16, there were a seasonally adjusted 248,000 new applications for state unemployment insurance benefits. That is a record low.

For that same week, a total of 2,198,093 collected benefits from federal and state agencies.

And in the 4 weeks ending then, 7.9 million people unsuccessfully looked for work and a further 5.8 million said they wanted a job but weren't looking for one.

Now, what are you thinking I don't understand, or are you going to just insult me?

In the words of my grandmom..........."NOTHING BUT LIES"

And what makes you think that? Have you actually studied the matter or is it just a knee-jerk reaction?

Anything to make it look like the RETARD named Obama is doing a great job

 

[rdean]

You can doubt them all you want ... my alleged stats come from the BLS...

Employment Level - 16-17 yrs.
Population Level - 16-17 yrs.
Employment Level - 65-69 yrs.
Population Level - 65-69 yrs.

And I hate to break the news to ya -- but your personal anecdotal evidence is no match for any one of the numerous studies which attribute as much as half of the decline in the labor force participation rate to retiring baby boomers.

Keep on believing that things are looking up and that the average Joe is just one more election cycle away from prosperity. I am in the real world, I see the real world. I was in Detroit, Michigan from January of 2013 to July of 2015 and I never saw a fucking thing get better for those people there. I came back to Dallas Texas and I see the cracks in the economy and friends of mine hoping to get even so much as part-time gig at Home Depot or Lowes and it's much worse than when I left in 2013. I am here in Florida where there is a HUGE divide between the haves and the have nots and if you are a "have" you are gonna pay through the nose and this system will drain you for every dime they can......it is fucking insane....but morons like you act like we are sitting in high cotton. You must be doing coke....no one could have the optimistic attitude that you have concerning the condition of this country unless they were on some kind of drug....seriously.

Studies? Have these "professionals" go out into the real world instead of crunching numbers this corporate "gubermint" gives them in order to paint a rosy picture that doesn't fucking exist in the real world

Well of course.
Detroit ruined by manufacturing jobs moved overseas.
Texas is a cesspool run into the ground by Republicans for decades.
Texas ranks number one in a many categories of pollution and environmental degradation. For example, Texas is:

• #1 in the Emission of Ozone Causing Air Pollution Chemicals
• #1 in Toxic Chemical releases into the Air
• #1 in use of Deep Well Injectors as method of Waste Disposal
• #1 in counties listed in top 20 of Emitting Cancer Causing Chemicals
• #1 in Total Number of Hazardous Waste Incinerators
• #1 in Environmental Justice Title 6 complaints
• #1 in production of Cancer causing Benzene & Vinyl Chloride
• #1 Largest Sludge Dump in Country

Texas is Number 1

Florida is a Rick Scott disaster.

A leftard slanted website making claims? Too funny. While I am no fan of Bush, we have had leftard governors like

You can doubt them all you want ... my alleged stats come from the BLS...

Employment Level - 16-17 yrs.
Population Level - 16-17 yrs.
Employment Level - 65-69 yrs.
Population Level - 65-69 yrs.

And I hate to break the news to ya -- but your personal anecdotal evidence is no match for any one of the numerous studies which attribute as much as half of the decline in the labor force participation rate to retiring baby boomers.

Keep on believing that things are looking up and that the average Joe is just one more election cycle away from prosperity. I am in the real world, I see the real world. I was in Detroit, Michigan from January of 2013 to July of 2015 and I never saw a fucking thing get better for those people there. I came back to Dallas Texas and I see the cracks in the economy and friends of mine hoping to get even so much as part-time gig at Home Depot or Lowes and it's much worse than when I left in 2013. I am here in Florida where there is a HUGE divide between the haves and the have nots and if you are a "have" you are gonna pay through the nose and this system will drain you for every dime they can......it is fucking insane....but morons like you act like we are sitting in high cotton. You must be doing coke....no one could have the optimistic attitude that you have concerning the condition of this country unless they were on some kind of drug....seriously.

Studies? Have these "professionals" go out into the real world instead of crunching numbers this corporate "gubermint" gives them in order to paint a rosy picture that doesn't fucking exist in the real world

Well of course.
Detroit ruined by manufacturing jobs moved overseas.
Texas is a cesspool run into the ground by Republicans for decades.
Texas ranks number one in a many categories of pollution and environmental degradation. For example, Texas is:

• #1 in the Emission of Ozone Causing Air Pollution Chemicals
• #1 in Toxic Chemical releases into the Air
• #1 in use of Deep Well Injectors as method of Waste Disposal
• #1 in counties listed in top 20 of Emitting Cancer Causing Chemicals
• #1 in Total Number of Hazardous Waste Incinerators
• #1 in Environmental Justice Title 6 complaints
• #1 in production of Cancer causing Benzene & Vinyl Chloride
• #1 Largest Sludge Dump in Country

Texas is Number 1

Florida is a Rick Scott disaster.

No, Detroit is the by-product of a very uncaring, for profit composite "gubermint" that is being controlled by the IMF. They have no problem with sucking the people dry and then discarding them. USA.INC is sitting on a mountain of wealth that exceeds the GDP of the private sector each and every year but yet they run a deficit...why is that? Because they can pass the debt off on us while tucking some of the wealth away in tax havens like the Cayman Islands, Puerto Rico, Switzerland, etc, etc and re-investing the rest. They are already the majority shareholders in every Fortune 500 corporation and their subsidiaries and here lately they have been investing overseas. You are so convinced that the "demcrat" party is the end all be all but they are just as much to blame as the neocons at the top that know about this outrageous fraud, extortion and outright thievery. They make the mafia seem like mere pikers. Get out of the paradigm because your beloved "libruls" are not gonna save you or anyone else. There is no Santa Claus....hate to be the one to break it to you but you need to know.

Did you forget you links to back any of your bullshit? Oh, you didn't add links because you KNOW it's bullshit. Then why bother, nitwit?

I have posted links ad naseum proving that USA.INC is a corporate entity. I have posted links from CAFR1.com showing the mass amount of wealth that this composite "gubermint" is holding. I have posted links from Dun and Bradstreet proving my point. This shit is common knowledge to me and I shouldn't have to post a fucking link every damn time I write a post. Look it up yourself and dis prove that the CAFR isn't the holy grail of information that proves that they have been skimming off the top for decades. Walter Burien and others that worked in HUGE corporations and had to participate in the writing of a CAFR because it is required by ALL corporations. If USA.INC and all it's subsidiaries were not corporations, they wouldn't have to fill out a CAFR...get it now? I shouldn't have to take you by your little hand and guide you down the path since I have been posting about this for almost 9 months...and frankly, I doubt that you have the brain power to digest the information anyway, ya numb fuck....

The truth is if anyone were to go after a particular city, it certainly wouldn't be Detroit. We know why and how Detroit was savaged.

 

[rdean]

Why? I would love to hear your explanation of the relationship.

There are still millions of people unemployed who don't file anymore because UC is only 26 weeks

Right, but this thread is about NEW jobless claims. So it doesn't matter how long anyone receives benefits.
During the week ending April 16, there were a seasonally adjusted 248,000 new applications for state unemployment insurance benefits. That is a record low.

For that same week, a total of 2,198,093 collected benefits from federal and state agencies.

And in the 4 weeks ending then, 7.9 million people unsuccessfully looked for work and a further 5.8 million said they wanted a job but weren't looking for one.

Now, what are you thinking I don't understand, or are you going to just insult me?

In the words of my grandmom..........."NOTHING BUT LIES"

And what makes you think that? Have you actually studied the matter or is it just a knee-jerk reaction?

Anything to make it look like the RETARD named Obama is doing a great job

Clearly the guy is brilliant. He tore up the GOP at their retreat. Republicans, the stupidest party on earth can't believe a black guy could be smart. And yet, they believe in such nonsense as trickle down and a young earth. No wonder they are mocked the world over. And I have only one word for that odious party --------------- Trump.

 

[Markle]

And you've long been known as the site POSER...

Don't you get tired of making an ass out of yourself with this stuff? Seriously...you come on here and pretend to know something about economics but then you post some of the most unintelligent things I've ever heard on the subject...proving without question that you don't have a clue about what you're talking about. Yet you don't seem to realize how bad you look. I've never seen anything quite like it.

That, me boy, would be your opinion. And you know how much I respect your opinion,

I am really impressed that you teamed with Ed, who for years has been know as The Troll. of this board And with him, waste everyones time with an incredibly stupid post trying to say that Hoobert Hoover did not stand by watching ort Unemployment Rate go from 3.5% to 25% while doing NOTHING. Which I had stated in my post. And saying that he passed much of the stimulus legislation that was, in fact, passed and signed into law by FDR. Truth was EVERY SINGLE POLITICIAN in the US was scared shitless, and if they were Republican, were about to loose their jobs in the next election after the Great Republican Recession Started in 1929. And suddenly, with the ue rate soaring past 20%, republicans became democrats. But not until the ue rate passed 20% on its way to 25%. That caused human misery beyond belief, me boy.
And you, to stand with the great Troll, Ed, and suggest that the problem was one Republican, that being Hoover, was beyond untrue. It was an effort to rewrite history, me boy. The great depression happened in 1929, but had been led up to since 1920, and pretty much entirely by three Republican Presidents (Harding, Coolidge, and Hoover), and three Republican Controlled Congresses.
And then, to blame the Great Republican Depression of 1929 on republican efforts to control the Economy with Tariffs and suggest that those bills had ANYTHING TO DO WITH controlling the human misery caused by the Great Depression was not only untrue, but a complete misstating of the causes of the Great Depression and the efforts to bring unemployment back under control.
Truth was that Hoover and his team tried, after the country literally exploded into chaos caused by the crash of 1929, to draft legislation and get it into law, it was only after the fact. Way too late. Way too small.
Now, most would be ashamed of the lies and distortion of your post. But instead, you suggest it was I who posted untruths. I did not, me boy. The truth is a well known thing. Your, and Ed's, revision is where the lies are. And you posted them. No one else but you and your friend, Ed.
Here is a bit of truth, me boy. Try and read and understand:
"In general, the Republicans retained control of Congress until 1931, after 19 Republicans in the US House of Representatives died and Democrats took their places in the special elections- after Republican President Herbert Hoover had continuously failed to get the US out of the Great Depression.
The Great Depression
On October 29, 1929, a day known in history as Black Tuesday, the New York Stock Exchange experienced a significant crash and the United States, as well as most of the world, would enter a major recession.[47] In response, President Herbert Hoover and the Republican Congress passed the Smoot Hawley Tariff Act. However, it has been recognized that this act only made economic condition far worse.[47] The 1930 midterm election saw the Republicans barely maintain control of the US House of Representatives and US Senate.[48][49] Shortly after the 1930 midterm election, however, special elections were held to replace 19 House of Representative-elects who died, and Democrats would gain a four-seat majority in the US House of Representatives as a result of the outcome of these elections.[50] In the 1932 US Senate elections, the Democrats easily regained control over the US Senate once again; this 1932 election also saw Franklin Roosevelt get elected US President as well, and Roosevelt could now begin his historic New Deal policies through the Democrat-dominated US Congress, and could bring the US out of the Great Depression.
History of the United States Congress - Wikipedia, the free encyclopedia"

FDR took over the Presidency in late March of 1933, with the depression raging. As I have been saying, the Great Depression of 1929 was a Republican affair. And conservatives have been hard at trying to rewrite that history for decades.

FDR didn't end the Depression either! UE didn't drop below 14% under FDR until Hitler conquered France in 1940. So technically Hitler ended the FDR Depression

That would be true. First, you never give the name of a depression to the person you task with ending a depression created by the other party. He only brought ue down from 25.4% to 14.2% before your arbitrary date. That would be, what, 11.3% from the high of the Great Republican Depression. And a decrease of MORE than any unemployment percentage EXCEPT the Great Republican Depression of 1929. I mean, there must have been something like that accomplished by a republican,right??????????????????????????????????????????
"And not down by the time Germany invaded France"??? Maybe we should look at when the Crusades occurred. Or the Vietnam War occurred. Most think the depression was heavily influenced by the US entering the war. But that was December, of 1941, And by then, the ue was at about 9.65% Down over 15% from the high of the Great Republican Depression of 1929.
1941 ue rate was 9.66%
Unemployment Statistics during the Great Depression

It's the FDR Depression because he's the joker that made it last his first two whole terms.

What a shame you know so little.

WWII Started in 1939 with the invasion of Poland. The USA stood aside while Poland then the lowlands fell. Once France fell in 1940 (look it up if you don't know), it was obvious we could not sit aside much longer and men started joining the US military and we started moving to wartime footing

I'd bet on the box of rock against you in Rock, Paper and Scissors and give you 2-1 odds as well and still make a fortune

No sane person (rules you out) blames FDR for the Great Depression which started some 3½ years before he even became president. Regardless, the unemployment rate dropped to under 10% in 1941 -- when government spending began skyrocketing in preparation of the war.

As you too know, FDR EXTENDED the Great Depression by SEVEN YEARS.

 

[EdwardBaiamonte]

As you too know, FDR EXTENDED the Great Depression by SEVEN YEARS.

I'd say, till 1945 so thats 12 years, make-work jobs in the military don't really count. Even today we have very good unemployment numbers but real income is down just as it was during WW2. If we agree to 7 years we are agreeing to the whole liberal stimulus prime the pump idiocy!

 

[Markle]

The government is lying. The unemployment rate is probably 15%.

A lot better than Bush's 40% and Reagan's 50%.

The three highest unemployment rates in US History were caused by Republican Regimes:
The Great Republican Depression of 1929
The Great Reagan Recession of 1982
The Great Republican Recession of 2008
Thanks for your post. Helps to put into context conservative tool posts.

You certainly are boring!

 

[Markle]

FDR didn't end the Depression either! UE didn't drop below 14% under FDR until Hitler conquered France in 1940. So technically Hitler ended the FDR Depression

That would be true. First, you never give the name of a depression to the person you task with ending a depression created by the other party. He only brought ue down from 25.4% to 14.2% before your arbitrary date. That would be, what, 11.3% from the high of the Great Republican Depression. And a decrease of MORE than any unemployment percentage EXCEPT the Great Republican Depression of 1929. I mean, there must have been something like that accomplished by a republican,right??????????????????????????????????????????
"And not down by the time Germany invaded France"??? Maybe we should look at when the Crusades occurred. Or the Vietnam War occurred. Most think the depression was heavily influenced by the US entering the war. But that was December, of 1941, And by then, the ue was at about 9.65% Down over 15% from the high of the Great Republican Depression of 1929.
1941 ue rate was 9.66%
Unemployment Statistics during the Great Depression

It's the FDR Depression because he's the joker that made it last his first two whole terms.

What a shame you know so little.

WWII Started in 1939 with the invasion of Poland. The USA stood aside while Poland then the lowlands fell. Once France fell in 1940 (look it up if you don't know), it was obvious we could not sit aside much longer and men started joining the US military and we started moving to wartime footing

I'd bet on the box of rock against you in Rock, Paper and Scissors and give you 2-1 odds as well and still make a fortune

No sane person (rules you out) blames FDR for the Great Depression which started some 3½ years before he even became president. Regardless, the unemployment rate dropped to under 10% in 1941 -- when government spending began skyrocketing in preparation of the war.

As you too know, FDR EXTENDED the Great Depression by SEVEN YEARS.

till 1945 so thats 12 years, make-work jobs in the military don't really count. Even today we have very good unemployment numbers but real income is down just as it was during WW2.

You stated...and I quote: "till 1945 so thats 12 years, make-work jobs in the military don't really count. Even today we have very good unemployment numbers but real income is down just as it was during WW2."

What fantasy world do you exist in?

 

[Rshermr]

I understand that you and ed would be a pair. But buddies, no doubt. Between the two of you, you can have a normal IQ, 50 each.

Did you just accuse Ed and I of being "but buddies", Georgie? I thought you were the guy who abhorred personal attacks? So Ed, brings up valid points about something you've claimed...cites examples of how you're wrong...and you respond how? Not with a well reasoned rebuttal...but with snide homosexual innuendoes?

You simply proved my point...someone confronts you with facts and you respond with personal attacks. That's not a problem either...I could care less when you go all juvenile on us...but it borders on farce when you do THAT and then whine about supposed "personal attacks" by others!

just conjecture. More likely, you simply have similar IQ's, Ed is and has been long known as the site Troll. Stupid as a post. And you seem to be trying to get there.

And you've long been known as the site POSER...

Don't you get tired of making an ass out of yourself with this stuff? Seriously...you come on here and pretend to know something about economics but then you post some of the most unintelligent things I've ever heard on the subject...proving without question that you don't have a clue about what you're talking about. Yet you don't seem to realize how bad you look. I've never seen anything quite like it.

That, me boy, would be your opinion. And you know how much I respect your opinion,

I am really impressed that you teamed with Ed, who for years has been know as The Troll. of this board And with him, waste everyones time with an incredibly stupid post trying to say that Hoobert Hoover did not stand by watching ort Unemployment Rate go from 3.5% to 25% while doing NOTHING. Which I had stated in my post. And saying that he passed much of the stimulus legislation that was, in fact, passed and signed into law by FDR. Truth was EVERY SINGLE POLITICIAN in the US was scared shitless, and if they were Republican, were about to loose their jobs in the next election after the Great Republican Recession Started in 1929. And suddenly, with the ue rate soaring past 20%, republicans became democrats. But not until the ue rate passed 20% on its way to 25%. That caused human misery beyond belief, me boy.
And you, to stand with the great Troll, Ed, and suggest that the problem was one Republican, that being Hoover, was beyond untrue. It was an effort to rewrite history, me boy. The great depression happened in 1929, but had been led up to since 1920, and pretty much entirely by three Republican Presidents (Harding, Coolidge, and Hoover), and three Republican Controlled Congresses.
And then, to blame the Great Republican Depression of 1929 on republican efforts to control the Economy with Tariffs and suggest that those bills had ANYTHING TO DO WITH controlling the human misery caused by the Great Depression was not only untrue, but a complete misstating of the causes of the Great Depression and the efforts to bring unemployment back under control.
Truth was that Hoover and his team tried, after the country literally exploded into chaos caused by the crash of 1929, to draft legislation and get it into law, it was only after the fact. Way too late. Way too small.
Now, most would be ashamed of the lies and distortion of your post. But instead, you suggest it was I who posted untruths. I did not, me boy. The truth is a well known thing. Your, and Ed's, revision is where the lies are. And you posted them. No one else but you and your friend, Ed.
Here is a bit of truth, me boy. Try and read and understand:
"In general, the Republicans retained control of Congress until 1931, after 19 Republicans in the US House of Representatives died and Democrats took their places in the special elections- after Republican President Herbert Hoover had continuously failed to get the US out of the Great Depression.
The Great Depression
On October 29, 1929, a day known in history as Black Tuesday, the New York Stock Exchange experienced a significant crash and the United States, as well as most of the world, would enter a major recession.[47] In response, President Herbert Hoover and the Republican Congress passed the Smoot Hawley Tariff Act. However, it has been recognized that this act only made economic condition far worse.[47] The 1930 midterm election saw the Republicans barely maintain control of the US House of Representatives and US Senate.[48][49] Shortly after the 1930 midterm election, however, special elections were held to replace 19 House of Representative-elects who died, and Democrats would gain a four-seat majority in the US House of Representatives as a result of the outcome of these elections.[50] In the 1932 US Senate elections, the Democrats easily regained control over the US Senate once again; this 1932 election also saw Franklin Roosevelt get elected US President as well, and Roosevelt could now begin his historic New Deal policies through the Democrat-dominated US Congress, and could bring the US out of the Great Depression.
History of the United States Congress - Wikipedia, the free encyclopedia"

FDR took over the Presidency in late March of 1933, with the depression raging. As I have been saying, the Great Depression of 1929 was a Republican affair. And conservatives have been hard at trying to rewrite that history for decades.

There was another depression, one in 1921 which was equal to or worse than that of 1929. The Republican President, Warren G. Harding did nothing. The Depression ended in 18 months.

Franklin Roosevelt, through his Socialist, draconian policies extended the Great Depression by seven years.

That is not re-writing history, that is FACT.

I understand that you and ed would be a pair. But buddies, no doubt. Between the two of you, you can have a normal IQ, 50 each.

Did you just accuse Ed and I of being "but buddies", Georgie? I thought you were the guy who abhorred personal attacks? So Ed, brings up valid points about something you've claimed...cites examples of how you're wrong...and you respond how? Not with a well reasoned rebuttal...but with snide homosexual innuendoes?

You simply proved my point...someone confronts you with facts and you respond with personal attacks. That's not a problem either...I could care less when you go all juvenile on us...but it borders on farce when you do THAT and then whine about supposed "personal attacks" by others!

just conjecture. More likely, you simply have similar IQ's, Ed is and has been long known as the site Troll. Stupid as a post. And you seem to be trying to get there.

And you've long been known as the site POSER...

Don't you get tired of making an ass out of yourself with this stuff? Seriously...you come on here and pretend to know something about economics but then you post some of the most unintelligent things I've ever heard on the subject...proving without question that you don't have a clue about what you're talking about. Yet you don't seem to realize how bad you look. I've never seen anything quite like it.

That, me boy, would be your opinion. And you know how much I respect your opinion,

I am really impressed that you teamed with Ed, who for years has been know as The Troll. of this board And with him, waste everyones time with an incredibly stupid post trying to say that Hoobert Hoover did not stand by watching ort Unemployment Rate go from 3.5% to 25% while doing NOTHING. Which I had stated in my post. And saying that he passed much of the stimulus legislation that was, in fact, passed and signed into law by FDR. Truth was EVERY SINGLE POLITICIAN in the US was scared shitless, and if they were Republican, were about to loose their jobs in the next election after the Great Republican Recession Started in 1929. And suddenly, with the ue rate soaring past 20%, republicans became democrats. But not until the ue rate passed 20% on its way to 25%. That caused human misery beyond belief, me boy.
And you, to stand with the great Troll, Ed, and suggest that the problem was one Republican, that being Hoover, was beyond untrue. It was an effort to rewrite history, me boy. The great depression happened in 1929, but had been led up to since 1920, and pretty much entirely by three Republican Presidents (Harding, Coolidge, and Hoover), and three Republican Controlled Congresses.
And then, to blame the Great Republican Depression of 1929 on republican efforts to control the Economy with Tariffs and suggest that those bills had ANYTHING TO DO WITH controlling the human misery caused by the Great Depression was not only untrue, but a complete misstating of the causes of the Great Depression and the efforts to bring unemployment back under control.
Truth was that Hoover and his team tried, after the country literally exploded into chaos caused by the crash of 1929, to draft legislation and get it into law, it was only after the fact. Way too late. Way too small.
Now, most would be ashamed of the lies and distortion of your post. But instead, you suggest it was I who posted untruths. I did not, me boy. The truth is a well known thing. Your, and Ed's, revision is where the lies are. And you posted them. No one else but you and your friend, Ed.
Here is a bit of truth, me boy. Try and read and understand:
"In general, the Republicans retained control of Congress until 1931, after 19 Republicans in the US House of Representatives died and Democrats took their places in the special elections- after Republican President Herbert Hoover had continuously failed to get the US out of the Great Depression.
The Great Depression
On October 29, 1929, a day known in history as Black Tuesday, the New York Stock Exchange experienced a significant crash and the United States, as well as most of the world, would enter a major recession.[47] In response, President Herbert Hoover and the Republican Congress passed the Smoot Hawley Tariff Act. However, it has been recognized that this act only made economic condition far worse.[47] The 1930 midterm election saw the Republicans barely maintain control of the US House of Representatives and US Senate.[48][49] Shortly after the 1930 midterm election, however, special elections were held to replace 19 House of Representative-elects who died, and Democrats would gain a four-seat majority in the US House of Representatives as a result of the outcome of these elections.[50] In the 1932 US Senate elections, the Democrats easily regained control over the US Senate once again; this 1932 election also saw Franklin Roosevelt get elected US President as well, and Roosevelt could now begin his historic New Deal policies through the Democrat-dominated US Congress, and could bring the US out of the Great Depression.
History of the United States Congress - Wikipedia, the free encyclopedia"

FDR took over the Presidency in late March of 1933, with the depression raging. As I have been saying, the Great Depression of 1929 was a Republican affair. And conservatives have been hard at trying to rewrite that history for decades.

There was another depression, one in 1921 which was equal to or worse than that of 1929. The Republican President, Warren G. Harding did nothing. The Depression ended in 18 months.

Franklin Roosevelt, through his Socialist, draconian policies extended the Great Depression by seven years.

That is not re-writing history, that is FACT.

Well, me boy, hardly fact. The downturn of 1921 was an odd little thing. Not a aggregate demand based recession. It was a simple downturn that cured itself pretty much before anyone noticed it. It was looked at by economists as an adjustment after WWI.
Now here is the thing. What harding did was, as you say, nothing. the Fed helped some, but had to do little.
Now the Great Republican Depression of 1929 was something quite different. It did not come and go in 18 months. It was indeed a aggregate demand depression.
And, the new president in power, Hoover, Tried the Harding methodology. You love it, of course. It is called DO NOTHING. Problem was, while harding was faced with an end of war adjustment, Hoover had a fully created no shit depression. And he sat and watched as the ue rate went from around 3.5% to 25%. LIKE A ROCKET. He watched as people starved, me boy. It was desperation time. Even he, in the end of his term, sent bills to congress to provide stimulus. You know, what economists who are not brain dead suggest. And those stimulus requests were the basis of what happened over the next several years.

 

[EdwardBaiamonte]

What fantasy world do you exist in?

where is the error?

 

[Rshermr]

The government is lying. The unemployment rate is probably 15%.

A lot better than Bush's 40% and Reagan's 50%.

The three highest unemployment rates in US History were caused by Republican Regimes:
The Great Republican Depression of 1929
The Great Reagan Recession of 1982
The Great Republican Recession of 2008
Thanks for your post. Helps to put into context conservative tool posts.

You certainly are boring!

That would be your opinion, me boy, and you know how much I value your opinion.

 

[EdwardBaiamonte]

, Hoover, Tried the Harding methodology. You love it, of course. It is called DO NOTHING.

NOTHING????????????

... the Hoover interventions include: expanded public works( ever heard of Hoover dam), greater government control over agriculture, the Smoot-Hawley tariff, a virtual end to immigration, government loans for construction and other businesses ... Most important was Hoover’s pressuring businesses to not cut wages even as the prices of their output fell. The result was higher real wages, which were responsible for the unemployment rate topping out at 25 percent, causing the greatest human toll of the Great Depression. [1]
Hoover, much like FDR, was skeptical about free markets. [2]
We didn't admit it at the time, but practically the whole New Deal was extrapolated from programs that Hoover started.

Rexford Guy Tugwell, Roosevelt Advisor

Hoover dramatically increased government spending for subsidy and relief schemes. In the space of one year alone, from 1930 to 1931, the federal government’s share of GNP increased by about one-third.

Hoover’s agricultural bureaucracy doled out hundreds of millions of dollars to wheat and cotton farmers even as the new tariffs wiped out their markets. His Reconstruction Finance Corporation ladled out billions more in business subsidies. Commenting decades later on Hoover’s administration, Rexford Guy Tugwell, one of the architects of Franklin Roosevelt’s policies of the 1930s, explained, “We didn’t admit it at the time, but practically the whole New Deal was extrapolated from programs that Hoover started.”[6]

To compound the folly of high tariffs and huge subsidies, Congress then passed and Hoover signed the Revenue Act of 1932. It doubled the income tax for most Americans; the top bracket more than doubled, going from 24 percent to 63 percent. Exemptions were lowered; the earned income credit was abolished; corporate and estate taxes were raised; new gift, gasoline, and auto taxes were imposed; and postal rates were sharply hiked.

Can any serious scholar observe the Hoover administration’s massive economic intervention and, with a straight face, pronounce the inevitably deleterious effects as the fault of free markets?

The crowning folly of the Hoover administration was the Smoot-Hawley Tariff, passed in June 1930. It came on top of the Fordney-McCumber Tariff of 1922, which had already put American agriculture in a tailspin during the preceding decade. The most protectionist legislation in U.S. history, Smoot-Hawley virtually closed the borders to foreign goods and ignited a vicious international trade war. Professor Barry Poulson notes that not only were 887 tariffs sharply increased, but the act broadened the list of dutiable commodities to 3,218 items as well.[5]

Officials in the administration and in Congress believed that raising trade barriers would force Americans to buy more goods made at home, which would solve the nagging unemployment problem. They ignored an important principle of international commerce: trade is ultimately a two-way street; if foreigners cannot sell their goods here, then they cannot earn the dollars they need to buy here.

 

[Markle]

Hmmmmm...I've got a choice on who to believe about the Fed...Milton Friedman who was the Fed Chief and Ben S. Bernanke, who was the Fed Chief...or Mark Thoma, who is a professor of macro economics at Oregon State? You know what...I'm going with the two Fed Chiefs on this one! Duh?

Who am I going to believe about global warming the scientists employed by corporations that pollute or the other 97% who aren't paid to lie.

If the fed reserve is corrupt I wouldn't believe the guys who run it

You're joking, are you not? The 97% is BOGUS and any of them are PAID TO LIE. No Global Warming Scam, NO MONEY FOR BOGUS RESEARCH.