Not a sound bite, a historical fact. No president has attempted to cut spending during a recession since that very act caused the recession of 1937. Neither republican nor democrat has tried this.
Spending and taxes were not cut in 1937 using the same policies like they were in in the mini depression. Wages and prices were not manipulated in the mini depression. The free market got us out of that depression. Quit ignoring this fact
"government spending actually rose between 1936 and 1938, reflecting a $600 million decline in 1937, followed by a $1 billion increase in 1938. But even if one ignores the $1 billion increase in government spending in 1938, the 1937 $600 million decline doesn't translate into a $3.2 billion GDP decline a year later, much less a 30% drop in industrial output."
Expecting Obama to obey your political ideology at the cost of another depression is insane. The only reason you want him to do so is because if the economy tanks again you've got a better chance at getting a republican president.
This is very transparent.
"The economy recovered slowly once we got into the war. After the war the progress made was better."
Anyone who can read a simple graph understand this is bullshit. While it is true it was the war that brought on the economic strength of the 1940's, everyone can plainly see the economy started to recover before we got into it.
Again you are just a talking head with no substance. A cheerleader.
I do not want a republican president. McCain would have been just as bad as Obama. Only difference is his theft package would have helped his buddies instead of Obamas. I DO want a President who believes in Republicans values.
YOU do not know what is best for me or what I think or want unless you ask. To say otherwise is pure arrogance. Don't make up things about what I want, you loose credibility.
Obamas theft package was alot worse than FDRs. At least FDR put a lot of jobs into rebuilding the infrastructure. Obamas theft package ended up using 2-3 percent of it to rebuild the infrastructure.
Recovery from the depression came only after the Department of Justice dramatically stepped enforcement of antitrust cases nearly four-fold and organized labor suffered a string of setbacks.
"Collusion had become so widespread that one Department of Interior official
complained of receiving identical bids from a protected industry (steel) on 257 different occasions between mid-1935 and mid-1936. The bids were not only identical but also 50 percent higher than foreign steel prices. Without competition, wholesale prices remained inflated, averaging 14 percent higher than they would have been without the troublesome practices"
"By 1939 wages in protected industries remained 24 percent to 33 percent above where they should have been, based on 1929 figures. Unemployment persisted. By 1939 the U.S. unemployment rate was 17.2 percent, down somewhat from its 1933 peak of 24.9 percent but still remarkably high."
The government manipulation which devastated the free market was slowed. We know that government manipulation brings on booms and busts and those policies end up doing a lot more harm than good. History has proven this time and time again. Quit counting on the ones who created the mess to get us out of it. They do not have your best interests in mind.
PLEASE WAKE UP!!!