Came across this article today and wanted to know what you think?
http://www.guardian.co.uk/commentisfree … us-economy
This is what happened during the Great Depression as well - the Republican controlled congress at that time opposed Roosevelt's policies and this actually slowed recovery.
The underlying things that led to this recession are not entirely due to Republican or Democratic policies but can be tied to both. However, cutting taxes and Government spending of public money at this crisis point is going to make things worse.
FDR's Secratary of Treasury Henry Morgenthau :
"Morgenthau assessed the federal effort to relieve economic conditions by proclaiming, "We have tried spending money. We are spending more than we have ever spent before and it does not work. [...] After eight years of this administration we have just as much unemployment as when we started [...] and an enormous debt to boot!" Indeed, the unemployment rate for 1939 was higher than the unemployment rate for 1931"
He was very frustrated that the economic policies of FDR were not working, they were indeed spending money, no one was stopping him. Obama is following the same program of the " New Deal" and has said so several times earlier in his Presidency.
One more thing, the Democrats controlled Congress during the entire FDR presidency, Republicans did not get Control until 1947 under Truman.
The Republicans are following Senator McConnell's lead who defined the GOP's primary objective of, whatever it takes, making sure Obama doesn't get a second term. More recently Boehner has decreed that nothing will happen between now and the election. The Tea Party and Grover Norquist have turned the GOP into political junkyard dog. And the US Supreme court has turned politics into game where people like casino billionaire Adelson and the Kochs have influence far beyond their competence and who have little or no concern for the public interest.
There's not much of a debate here:
http://www.facebook.com/l.php?u=http%3A … =iAQExjx3m
Let's just go home feeling sick!
I've heard that comment often in South GA and North FL. I agree that it's sick and twisted.
That's just horrible. One is too many but I would be curious as to how many they actually sold.
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http://www.financialfeed.net/house-pass … ma/852039/Go Pubs.
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