Old meme, unemployment went down every year until republicans forced a more balanced budget in 1937 and unemployment went up again after that until the 40s.
So now ya gotta thrash a cartoon from 1934 that was pretty far off, even then, to continue spouting the same crap over and over? Hmmmm...
How 'bout this...War ended the Depression simply because of increased government spending, an intensified version of what Roosevelt was already doing with the WPA and similar programs.. Responding to the external threats posed by the Axis Powers (Germany, Japan and Italy) Roosevelt and the Congress threw fiscal caution to the wind and spent what was necessary to win the war. In so doing, they also achieved pre-Depression levels of employment and prosperity.
Source. (http://iws.ccccd.edu/kwilkison/Online1302home/20th%20Century/DepressionNewDeal.html) Funny about that, huh? Funny how the conservatives of the time pushed FDR further left by their constant bitching and twisting of words, wasting more time instead of fixing the problem. Hmmmm...repeating history?
In the 30s & 40s most of that money went into factories, infrastructure, and education. Things that provided a return in the post-war years thus paying for themselves in the long run.
We've spent 700 billion so-far and all we have to show for it is a pile of bad loans.
Its not enough to just spend money, you have to spend it on something worth while. Otherwise you're not preventing an economic collapse just delaying it.
![[community profile]](https://www.dreamwidth.org/img/silk/identity/community.png){kind=small}
![[identity profile]](https://www.dreamwidth.org/img/silk/identity/openid.png){kind=small}
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
timeasmymeasure
no subject
Date: 2009-04-22 12:42 am (UTC)no subject
Date: 2009-04-22 07:20 am (UTC)no subject
Date: 2009-04-22 12:53 am (UTC)no subject
Date: 2009-04-22 03:03 am (UTC)no subject
Date: 2009-04-22 01:29 pm (UTC)no subject
Date: 2009-04-22 04:56 am (UTC)oh wait.
no subject
Date: 2009-04-22 11:39 am (UTC)no subject
Date: 2009-04-23 03:53 am (UTC)no subject
Date: 2009-04-22 01:00 am (UTC)no subject
Date: 2009-04-22 01:09 am (UTC)You should resize that.
no subject
Date: 2009-04-22 01:39 am (UTC)How 'bout this...War ended the Depression simply because of increased government spending, an intensified version of what Roosevelt was already doing with the WPA and similar programs.. Responding to the external threats posed by the Axis Powers (Germany, Japan and Italy) Roosevelt and the Congress threw fiscal caution to the wind and spent what was necessary to win the war. In so doing, they also achieved pre-Depression levels of employment and prosperity.
Source. (http://iws.ccccd.edu/kwilkison/Online1302home/20th%20Century/DepressionNewDeal.html) Funny about that, huh? Funny how the conservatives of the time pushed FDR further left by their constant bitching and twisting of words, wasting more time instead of fixing the problem. Hmmmm...repeating history?
no subject
Date: 2009-04-22 02:03 am (UTC)no subject
Date: 2009-04-22 07:19 am (UTC)no subject
Date: 2009-04-22 05:36 pm (UTC)We've spent 700 billion so-far and all we have to show for it is a pile of bad loans.
Its not enough to just spend money, you have to spend it on something worth while. Otherwise you're not preventing an economic collapse just delaying it.
no subject
Date: 2009-04-22 02:30 am (UTC)no subject
Date: 2009-04-22 04:04 am (UTC)