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How We Get Out of the Great Depression II

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GrantDem Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-22-09 11:15 AM
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How We Get Out of the Great Depression II
In the Great Depression, Roosevelt tried deficit spending, but he was too timid. Then he stopped in 1937 and the economy nose-dived. It took the humongous deficits of WWII to pull us out of the Great Depression. Those deficits blasted the economy from depression into overdrive.







http://zfacts.com/p/318.html



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Captain Hilts Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-22-09 11:47 AM
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1. Interesting!
FDR: Damn, I'm good!
ER: Except in 1937...

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Vinnie From Indy Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-22-09 11:49 AM
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2. I have one idea
Take back our political system from the corporate interests that have acquired most of it.

Quite simply, we will never go back to previous high standards of living unless we address the situation of losing jobs. We are becoming a banana republic where a tiny percentage of the population owns the country and we are simply serfs and units of labor. The fact is that "globalization" is merely a nice word for corporations seeking out the cheapest labor pools on the planet they can exploit. These corporations that were allowed to grow so large under the protective umbrella of American might have NO allegiance to this country. They also no longer need our educated workforce nor do they need our consumer markets nearly as much as in the past. The Indians, Chinese and the rest of the world are the future vast consumer markets that will sustain continued growth. The billions of consumers in emrging markets are being trained right now to be good consumers just as we Americans have been trained over the last decades to buy shit we do not need. The mind controlling advertising techniques perfected on Madison Ave. to sell products in America are now being aimed squarely at the rest of the world. Americans are so blinded by exceptionalism and ignorance that it will be long past time to address the loss of our former standard of living before it is gone forever.

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