On election night, Bill O'Reilly said that the white establishment was now the minority in America and that the people who voted for President Obama want stuff. Specifically, he cited latino people, black people, and women. One can easily interpret what he said as this: "when whites were the majority, the majority didn't want stuff from the government. Now that the whites are the minority, the majority wants stuff from the government." Do you agree with this statement?
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You are absolutely right.
The American boat sailed off to China.
??? The New Deal was an economic disaster. 10 years into the New Deal the country entered a depression within a depression. As was the 70's, with the famed misery index. The immediate aftermath of WW2 the US has no competition. Europe was in Rubble
The New Deal was started in a depression caused by deregulation and it took forever to get things going again. Sound familar?
No actually it doesnt. Do some homework on the 1920-21 depression. Way worse than 1929, no New Deal policies and it ended in 18 months. And a lack of regualtion was not the cause of 2008.It was GSE's subsidising the MBS market and distorting markets