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Thread: Fiscal Cliff Bill Passes[W: 110]

  1. #191
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    Re: Fiscal Cliff Bill Passes

    Quote Originally Posted by Gawain View Post
    Yes as its the truth. It certainly wasnt the new deal that only prolonged the depression here.
    Go back in look at some of my old post in this thread and get back to me.I hate repeating myself.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Fiscal Cliff Bill Passes[W: 110]

    Quote Originally Posted by Gawain View Post
    There was far more than that different. I hardly recognize the America we live in today.
    Time traveler eh?
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Fiscal Cliff Bill Passes[W: 110]

    Quote Originally Posted by Whipsnade View Post
    It had an industrial base.
    It had a manufacturing Base and was an isolated economy.

    Keynesian principles today just means China gets most of the borrowed money that was pushed into the privatw sector.

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    Re: Fiscal Cliff Bill Passes[W: 110]

    Quote Originally Posted by Whipsnade View Post
    Time traveler eh?
    Nope just old lol.

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    Re: Fiscal Cliff Bill Passes

    Quote Originally Posted by Whipsnade View Post
    Go back in look at some of my old post in this thread and get back to me.I hate repeating myself.
    Im sure not going to search for anything your to lazy to repeat as Im sure it has been refuted many times. Personally i never tire of repeating the truth.

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    Re: Fiscal Cliff Bill Passes

    Quote Originally Posted by Whipsnade View Post
    I guess your going to repeat that old saying "the war did it eh "?
    That is what happened. The war brought people back to work from the demand of needing supplies and the government taking over a few industries. After the war all of Europe was in disrepair and as the only party left standing everyone was dependent on us to get them back on their feet which gave us great opportunity for growth. This has nothing to do with Keynesian economics.

    I'm getting a feeling you don't actually understand what Keynesian economics is.

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    Re: Fiscal Cliff Bill Passes[W: 110]

    Quote Originally Posted by Whipsnade View Post
    It had an industrial base.
    It had the ONLY industrial base. Now there is foreign competition and the US economy, in comparison with others, is not doing as well as it did back then.

    Yet many Americans feel that it is their birthright to be born into wealth and privilege, again in comparison with other nations, without having to compete as they once did. Nor did they ever have to fight for their freedoms as their grandparents did.

    Meanwhile the people in the third world are working harder and smarter to get ahead and are taking over many of the companies and corporations which were once the symbol of Western power and influence, and developing other huge international corporations also.. Whether or not the Western democracies can maintain the freedoms and standards of living they inherited from previous generations remains to be seen. Some of them look to fail.

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    Re: Fiscal Cliff Bill Passes

    Quote Originally Posted by Henrin View Post
    That is what happened. The war brought people back to work from the demand of needing supplies and the government taking over a few industries. After the war all of Europe was in disrepair and as the only party left standing everyone was dependent on us to get them back on their feet which gave us great opportunity for growth. This has nothing to do with Keynesian economics.

    I'm getting a feeling you don't actually understand what Keynesian economics is.
    Let us not forget it also removed many men who would otherwise have been seeking jobs but lost their lives in the war. Less men for even the same amount of jobs equals higher employment rates.

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    Re: Fiscal Cliff Bill Passes

    Quote Originally Posted by Gawain View Post
    Let us not forget it also removed many men who would otherwise have been seeking jobs but lost their lives in the war. Less men for even the same amount of jobs equals higher employment rates.
    And lets also not forget that the end of the war marked the greatest layoff of workers in American history. Yet these same people came back from the war, and those who were laid off from the war factories, went on to build one of the strongest economies ever. What is the difference between then and now?

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    Re: Fiscal Cliff Bill Passes

    Quote Originally Posted by Whipsnade View Post
    YOUR THE ONE that responded to my post ,where Fenton and I was discussing KEYNESIAN ECONOMICS with this bul**** .



    Now its your turn.till me how i was “trying to pass blame rather than acknowledge reality? “
    Its pretty obvious. You somehow cant even acknowledge full blame for the increases in spending, you have to foist them on Bush to claim Obama is not a big spender. But you want credit to go to Dems for somehow being part of fiscal restraint when they held total legislative control at the time that budget was passed. Thats refusing to accept reality.

    Secondly, go back and look at how we pulled out of WW2 spending habits; spending got cut almost in half in 2 years. War time taxes and controls were repealed.

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