Do you know if it's true that the depression lasted much longer in the U.S.A. than it did in...
Europe because of all the 'free' programs FDR created - welfare, ss, etc.
Heck yeah its true. Some U.S. aid programs hurt more than help. Because some people are cool with living on government aid. No disire to work just waiting for a hand out. And that attude is bad as a hold for our nation.
Not all people mind you are just sitting around waiting for a hand out. Some people just need a little help and that's cool. I'm not talking about those people.
No it isn't true. Germany is doing about as good as anyone else and much better that us. They have strong unions and the government didn't allow all the outsourcing that we see in the USA. Germany also didn't spend anywhere near the money, comparatively, as we did on corporate welfare. Too big to fail is BS. Too big to fail should mean too big to exist. Germany has mandatory paid vacation, minium wage, and other programs that support the working class. WE should have bailed out the working class and broken up AIG and the too big too fail group. No way that we can get out of this without a strong working class.
In the 1930s Japan recovered quickly from the depression. They implemented a great recovery plan and it worked. Many countries are still using those financial measures with a good deal of success. The depression lasted longer in the US. Please read my Hub on Government spending and taxes during recession. It addresses the effects of entitlement programs, taxes and spending during a recession,
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