He knew what the meaning of cut is. And he was a Democrat. Not exactly a Republican concept but if it works, you use it.
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Wages rise on California farms. Americans still don’t want the job
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Evidently it worked when Obama used it, as the economy began to recover in '09.
History shows economies recover regardless of what governments do. In fact as seen in Japan, the 30s here and with BO stimuli stifled recovery. 18 months on average gets it done.
This one showed signs of going into another depression. It didn't, thanks to safety nets, FDIC, and other government programs.
Capitalism works great as long as it is governed. Let it work on its own, and we have the 1930s once again.
A ten year depression that only ended due to a world war and the death of the guy that dragged it out ?
Keynesian has braver worked and never will.
WWII was no doubt the most expensive government project in the history of the country. If that's what brought an end to the great depression, then the government spending money must be a way out of the depression.
But, it would be better to spend that money on infrastructure, on education, on health care, on any number of things other than war. War produces nothing.
It would have been better to not have ave a lunatic decide to eradicate the Jews and the rest and have to be taken out li waving millions dead, countries destroyed and a world economy in ruin.
If all the rest doesn't happen organically then it wasnt meant to be. Infrastructure is routine maint but pushing money away on welfare steals the money intended for it.
No doubt it would have been preferable had a lunatic not gained control of Germany, another of Japan, and a fascist of Italy.
Had that not happened, would we still be in the Great Depression?
Or did things like the FDIC and unemployment insurance maybe help a little? How about the WPA and electrification projects?
So Trump also has no influence on the economy?
Or do presidents have an influence, e.g. on the time span or the speed of recovery?
No FDR died so escape was going to happen.
No didn't help. It led us to the unplayable debt we have today.
Does that mean you think we should go back to the sort of public institutions we had in the 1930s, before the New Deal? Really?
If so, I'm not so sure you've really thought that through.
There us a significant difference between taking or not taking a veer 90 years ago and pretending it didn't happen 90 years after the fact.
Now, could we start a veer back to fiscal sanity now that pop perhaps in another 90 years could get us back to somewhere same? Yeah that's possible. Unlikely but possible.
penderyn
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In most countries it is a very long time since the majority of sensible people escaped 'the idiocy of rural life', in our case here getting towards 200 years. It is hardly surprising that they don't want to revert to being the lowest sort of peasant.
Texas_tea
Well-Known Member
President's absoluely have the ability to influence the economy.
B. Hussein reign over 8 years of America in decline ...... because of his policies and even attitudes.
America's economy speaks for itself under the current Administration.
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Any president can and does impact economic growth positively and negatively. What was referring to was certain methods in this case stimulus which Roosevelt, Japan and Obama favored and which delayed recovery. Studies show that no action at all, positive or negative will result in an organic recovery in 18 months on average. Do the right things ala Bush, Kenedy and its faster.
