wf3h wrote:
On Sep 3, 7:26 am, thunder wrote:
On Wed, 02 Sep 2009 17:45:50 -0400, Keith Nuttle wrote:
Unfortunately there are those that would rather repeat the mistakes of
the past than learn from history. Consider the lessons from the
thirties that are being ignored. The democrats tried to spend the
country out of the depression.
Where to you come up with this BS? The Keynesian gripe about FDR was
that he didn't spend enough to fight the Depression. Hoover brought the
national debt from 20% GNP to 40% GNP. FDR never went over 40% until
WWII. If anything, FDR was too timid in his spending. Note the balanced
budget in 1938.

http://www.presidency.ucsb.edu/data/budget.php



exactly. if spending is the issue then it doesn't matter in the short
term whether it's the consumer or the govt is spending. someone needs
to drive the economy.

Where does the government get its money? From the consumer?

Where does the consumer get its money? From jobs.

No jobs, no consumer money. No consumer money, no money for the government.

At a company when sales are reduced you still have to pay everyone. Or,
you could reduce your expenses by eliminating jobs, the fastest and
easiest way to reduce expenses. But if you reduced taxes on the
companies and the workers there is more money for companies to keep
people on the payroll and less money to pay unemployment.

Reducing taxes worked for Kennedy why won't it work for Obama?

the real problem we're facing now is that business hasn't learned you
can't grow the economy by laying off consumers.

The government hasn't realized that when times are tough you can't
sustain your revenue by squeezing money from rock. When the government
puts a company out of business because it can't pay the taxes what
happens to all of the employees of that company?