tag:blogger.com,1999:blog-4053585.post4656296463224091311..comments2024-03-26T17:44:07.430-04:00Comments on Viking Pundit: Erichttp://www.blogger.com/profile/15911276942829790135noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-4053585.post-10487724227221476162010-11-18T16:32:13.640-05:002010-11-18T16:32:13.640-05:00Great overseas "rebuttal" video; I must ...Great overseas "rebuttal" video; I must have blinked during the part dealing with all of American economic history since McKinley. <br /><br />The mini-industry trying to debunk the New Deal recovery is a fun little conservative circle jerk, but the Great Depression cratered in February/March 1933. Maybe the revisionists should start claiming that Roosevelt was really elected in 1930.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4053585.post-7990725085639127262010-11-18T14:11:22.424-05:002010-11-18T14:11:22.424-05:00"Blck Friday" was a massive market corre..."Blck Friday" was a massive market correction. Followed by a short recession. Then Hoover and FDR got into the act and the Great Depression was on.<br /><br />Government drags on the economy at the rate it spends. Spend more, the eceonomy slows - Macro Econ 101 that libs have been fighting forever. Unfortunately for them, whenever anyone gives them a chance recession and depression Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4053585.post-68167165516158366142010-11-17T03:30:14.185-05:002010-11-17T03:30:14.185-05:00Aww. Poor ol' Warren G. Harding. He deserves...Aww. Poor ol' Warren G. Harding. He deserves so much double-secret credit. And to think, the pocket pundits called the Bush economy "The Greatest Story Never Told."Hijklmn O'Pqrstnoreply@blogger.comtag:blogger.com,1999:blog-4053585.post-26690117046809870812010-11-16T22:17:15.664-05:002010-11-16T22:17:15.664-05:00Taxes were cut because a little spending item call...Taxes were cut because a little spending item called "World War I" came off the books. It also helped a teeny bit on the national debt. However, the philosophy of pay-as-you-go debt reduction wasn't exactly the vogue. Perhaps you've heard of "buying on margin," or Black Friday. It was kind of a big 1920s economic thing.<br /><br />The dawn of mass production, a Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4053585.post-65905384205798707362010-11-15T09:18:06.400-05:002010-11-15T09:18:06.400-05:00Sure, government spending - the economic panacea! ...Sure, government spending - the economic panacea! The more the better - let's spend another $100 trillion, that will fix everything! FDR's spending really had our economy flying by the late thirties. That worked great. <br /><br />Strange that 10 years earlier, the Harding / Coolidge Administration really cut spending, paid down the debt, and cut taxes during a severe recession. The Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4053585.post-44403029579614476122010-11-12T18:37:27.198-05:002010-11-12T18:37:27.198-05:00Hoover's Congress underspends, economy tanks f...Hoover's Congress underspends, economy tanks further. Roosevelt's Congress spends money, economy improves. Rollback in the summer of 1937, economy drops anew. Back to spending, economy improves. And then World War II and we know the rest. This graph ain't hard to draw.<br /><br />"The New Deal and Hoover's ramp up to it," what an adorable try. Mmm, yeah, those two Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4053585.post-4227828150879400182010-11-12T08:28:02.290-05:002010-11-12T08:28:02.290-05:00I love how the Statists can destroy an economy whi...I love how the Statists can destroy an economy while taking credit for saving us all - it's a unique skill. <br /><br />The New Deal and Hoover's ramp up to it, created the Depression out of a Recession. Anyone in the business world (now or then) can see it.<br /><br />Western Europe didn't close off trade and spend like crazy - so they came out of the Recession in the early 30'Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4053585.post-11373076070846822552010-11-12T01:50:29.592-05:002010-11-12T01:50:29.592-05:00Oh, goodness. You couldn't have picked a wors...Oh, goodness. You couldn't have picked a worse boogeyman to invoke than Japan. Following that country's early-90s plunge, only intensive government stimulus spending kept Japan out of a depression. In 1997, and again in 2001, Japan temporarily halted this policy, which twice caused sudden deflation and an <b>increase</b> in the national deficit.<br /><br />We've got an instructive Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4053585.post-88306364101735630662010-11-11T10:22:54.882-05:002010-11-11T10:22:54.882-05:00Some of the new members might have the guts to tak...Some of the new members might have the guts to take a swing at these things - not that it will make a difference with a Dem Senate and President. And, many of the same Republican old-timers who ran away screaming when Bush proposed some mild fixes to Social Security 6-years ago - back when it might have been fixable.<br /><br />Our leaders seem to have decided a few more years of good times, Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4053585.post-12650854818402593132010-11-11T08:58:23.006-05:002010-11-11T08:58:23.006-05:00The 'newly emboldened Republicans' will ru...The 'newly emboldened Republicans' will run like frightened children from the notion of cutting entitlements to the senior citizens who voted them into office.<br /><br />The 'newly emboldened Republicans' will grovel at the feet of lobbyists from the defense industry after they find out what will happen to their campaign contributions if they agree to cuts in military spending.Nigel Tufnelnoreply@blogger.com