On 13/06/2010 2:55 PM, bpuharic wrote:
On Sun, 13 Jun 2010 16:48:12 -0400, wrote:


Unemployment before WW2 under FDR went from 25% to 10%. That's pretty
amazing. WW2 certainly ended the depression finally and completely, but the
US depression had little to do with Hitler. He came into power because the
European powers after WW2 were obscenely harsh with Germany. That caused a
terrible depression and runaway inflation in Germany, which gave rise to the
extremist movement.


I don't know where you got that number for unemployment but the double
dip hit in 1938 At worst it was 23%, after the New Deal started and in
the double dip was back up to 18. We were well intro WWII before it
got to 10%.
http://upload.wikimedia.org/wikipedi..._1890-2009.gif

Again. Hitler was a German response to the depression (he rose to
power in1933). Without millions of Germans out of work and hanging
around street corners looking for something to do and someone who
promised a solution, he would have just been an unknown crank.
The US putting abusive tariffs on European goods only made that
problem worse.
That was just one of FDRs flawed policies that we don't hear much
about.

unfortunately we hear ALOT today about repeating the 'do nothing'
policies that let the banks fail rather than increase debt. the
american right is a fundamentalist organization in many ways. they
think debt must be reduced even if it leads to 25% unemployment like
it did during the depression

All governmetn had to do to protect little people is bailout depositors
up to the max of FDIC, $200,000 or was it $250,000? In any case it
would have cost Americans a whole lot less. Someone would have picked
up the loser banks for 2 cents and fired all the criminals.

Then things would be right and Americans would have been trillions less
in debt. But Obama worships debt....debt for corruption... the
Obamanation way.

Dumb**** president hasn't figured out you can't fix a debt depression by
creating more debt.

--
Taxation, modern day slavery. The loss of economic freedom.