FDR and his policies prolonged the Great Depression by 7 years

There were massive rich people tax hikes during the great depression. They helped. When the economy got better the taxes were lowered again.

People these days don't want tax hikes no matter what.

 

As this country dangles at the precipice of financial ruin, it will occur to someone, someday that the rich must be taxed equitably or the rest of the country will fall into a hole that will make us look like India or China in its' worst days.

You can't sue a louse, all you will get is lice. That's a favorite quotation from my deceased father-in-law.

You can't tax only the poor, all you will get is nada.

 

I am not surprised in the least. In fact, I would be surprised if it was any other way.

No rich person wants to pay their equitable amount. They will look for holes, more than any poor person would do. It's just a fact of life.

 

Yep. You have swerved into the reason tax increases on "the rich" are a hoax.

They can avoid them. The middle class can't.

 

The problem is, AshenLady, every time we try to tax the rich, they find a way to avoid paying taxes. Massachusetts Sen. John Kerry (D) is a perfect example.

 

It's also why "trickle down economics" is the biggest hoax that Ronald Reagan perpetrated on this country during my lifetime.

Jimmy Carter was just a stupid peanut farmer. Reagan was a danger to our economy and 30 years hence, we are still going to pay the price that he and BOTH dems and repubs have screwed regular folk with.

 

What you and most liberals do not get is that you can only hand out things that are produced. Taxing the rich does not produce anything. The more people want something for nothing, the higher the costs, period.

You are on the wrong side of prosperity.

 

The dems and repubs both made, "most favored nations" everyone but the USA and screwed the middle class of the USA, not anything or anyone else.

 

You are absolutely correct, maat.

This review was very good.

"Democrats have been running our inner-cities for the past 30 to 40 years, and blacks are still complaining about the same problems. More than $7 trillion dollars have been spent on poverty programs since Lyndon Johnson's War on Poverty with little, if any, impact on poverty. Diabolically, every election cycle, Democrats blame Republicans for the deplorable conditions in the inner-cities, then incite blacks to cast a protest vote against Republicans.

In order to break the Democrats' stranglehold on the black vote and free black Americans from the Democrat Party's economic plantation, we must shed the light of truth on the Democrats. We must demonstrate that the Democrat Party policies of socialism and dependency on government handouts offer the pathway to poverty, while Republican Party principles of hard work, personal responsibility, getting a good education and ownership of homes and small businesses offer the pathway to prosperity."

http://www.humanevents.com/article.php?id=16500

 

Correct. The GDP began growing when FDR became President. It continued (resumed) declining in 1938.

Please show me where I said that GDP is not "a valid measure of the economy".

I've fabricated nothing, I've been dishonest about nothing, and I hold a double standard about nothing. I already addressed your points regarding these. See my previous posts.

So you admit that the economic recovery beginning in 1933 had nothing to do with the New Deal and that the OP is correct in his assertion that it actually prolonged it?

 

Doesn't matter. It blew up on the Fed's watch, as a consequence of loose credit policies.

 

Quit blaming the Fed. They didn't put a gun to banks heads to turn in to predatory lenders just because credit was "cheap". What a weak cop out!! Shouldn't capitalists take blame for their own mistakes?

 

It wasn't the Fed's watch. It was Congress' and the President's.

 

the Obama lovers bury their heads in the sand and cant accept facts that Obama is continuing what Bush got started and is the most corrupt president ever even worse than Bush.

 

He sure is blowing smoke,doesnt want to admit it that he screwed up voting for Obama and since he is a fan of him,will ignore this post of yours.

 

Dr. Righteous,

Reliable evidence clearly shows Barney Frank, as well as the Fed, are up to their eyeballs in the subprime mortgage mess.

It all began in 1977 with the Community Reinvestment Act.

This act requires the appropriate federal financial supervisory agencies to encourage regulated financial institutions to help meet the credit needs of the local communities in which they are chartered, consistent with safe and sound operation (Section 802.)"

Barney Frank, as Chairman of the powerful Financial Services Committee, however, went much further than this. Rather than "encouraging" financial institutions to lend to borrowers with weak credit histories, Frank "insisted" that they provide loans to borrowers with weak credit histories.

He used the power and prestige of his committee chairmanship to beat the lending institutions into submission.

These threats and unfair coercion were all in the name of "income redistribution” the Democrats are so notoriously known for.

Please check this out.

 

I've heard this nonsense plenty of times. Any every single time they ignore the data which clearly shows that the New Deal improved the American economy. Unemployment, GDP, etc. all improved.

 

Sorry, Agent Zero,

But given your comments, I just had to include this very obvious observation!



"I am a liberal. Please don't confuse me with facts."

 

Short term gains for the selling out of our country.

 

So there are books and books written out there about the mortgage crisis... there is an in depth independent study about the cause of the crisis. And you are trying to prove it was Barney Frank based on a single article from the Boston Globe that does not include a single number or fact in it?

Lol, how do you cross the street with out a helmet?

 

Please check this out!

U.S. employment numbers did not get back to normal until 1943, long after the "New Deal" legislation was passed.

 

Just look at the data and get back to me.

What was sold?

 

The area in pink, as you know, is the Great Depression. You'll also notice that about in 1932-33, the rate of unemployment increases, though with a less steep incline. About 1935 or so, it starts to decline greatly until 1937 came along and for some reason FDR decided it would be a good idea to pay down the debt accumulated from the Depression. That was his folly. After that brief recession it declines again.

I hope you also notice that I never stated that conditions went back to how they were pre-Depression. When you have that profound an increase in unemployment and effects in other areas in the economy, it's frankly unfair to demand a complete turnaround in under a decade. Additionally, WWII, which ultimately returned our economy to prosperity, took the basic principle of the New Deal (government spending on a massive scale--even in the face of increased deficits) but on an accelerated scale and with an obvious focus on other areas of the economy (defense, heavy manufacturing, etc.).

 

I know this will go completely over your head, but you also have to understand the Fed allowed the money supply to contract and banks to fail (taking a free market approach). What the Fed did this go around is a direct reaction to the failures of the Great Depression.

Also, we were on the gold standard, and Hoover tried some price control mechanism by limiting imports and trying to keep prices high in America. That was not very smart. So just saying that the New Deal was the only factor in the Great Depression is just highly unintelligent.

And as Agent Zero puts it, economies don't get fixed over night. The entire reason for the Fed and Govt interaction came about because the free market and deflationary economies can take decades to correct themselves.

 

someone afraid of the truth obviously. you gave that away with your avatar.