Re: Doonesbury Feb 2008 - last week


"Dann" <detox665@xxxxxxxxxxx> wrote in message news:Xns9A54B4B8C8BB1detox665hotmailcom@xxxxxxxxxxxxxx
On 01 Mar 2008, Carl Fink said the following in
news:slrnfsjdb0.pdq.carlf@xxxxxxxxxxxxxxxxx

On 2008-03-01, Antonio E Gonzalez <AntEGM111@xxxxxxx> wrote:

Yeah, look at the way the New Deal undermined th- . . . oh right,
it actually ended the Great Depression . . .

In the sense of not actually ending the Depression. It surely made it
less horrible for the people at the very bottom, but World War Two and
the natural economic cycle ended it.

Much like as the current proposed economic policies [tax rebate stimulus,
lower interest rates, deficit spending] are ill-informed economic
interventions, the New Deal actually made matters worse by forcing the
Depression to last many years more than would have otherwise been the
case. I would also argue that the world war that brought the world out
of that economic depression more than natural economic cycles.

Sure, the handouts helped people survive a 10 year depression, but they
might have found survival easier if it had only lasted the 1 to 3 years
that was typical up until that point.

If you want to pinpoint the start of the depression from the day the stock market crashed until Rooesevelt was inaugerated it was over 3 years already, so that puts it in to the 1 to 3 years you quote. By the time Roosevelt took over the country was in pretty poor shape. People where already out of work, there were lines for soup kitchens, people had lost their homes and there were plenty of bank runs. That is why after Roosevelt was inaugerated the banks were closed for a short time. I think Roosevelt was just trying to do what ever he could to get the economy going again.


--
Regards,
Dann

blogging at http://web.newsguy.com/dainbramage/blog.htm

Freedom works; each and every time it is tried.

.

Relevant Pages

  • Re: Doonesbury Feb 2008 - last week
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    ... the 1929-42 Depression to any previous ones is nigh on impossible, ... because of the change to a globally connected economy in the first ... the thing about that war ... that ended the Depression was MASSIVE government spending and MASSIVE ...
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