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Thread: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

  1. #241
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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

    Quote Originally Posted by scottsoperson View Post
    so you say.
    Wrong....so I am.


    so you support a tax hike
    Nope.

    to give the disabled vets decent service via the va?
    Disabled vets already receive excellent care from the VA....I know many that recieve this care.
    "The problem in defense is how far you can go without destroying from within what you are trying to defend from without."

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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

    Outgoing Herbert Hoover blamed President-elect Franklin Roosevelt for the deterioration of public confidence in the banks. Hoover had asked on several occasions for public declarations from Roosevelt that he would maintain balanced budgets and do all within his power to fight inflation promises that would have meant more to the business and financial communities than to the millions of unemployed. Roosevelt refused to allow his future commitments to be pinned down, which left Hoover angry and anxious to be out of office.

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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

    Hoover, in fact, took an active role in trying to protect the economy through wage controls and job sharing. Hoover generally shared the economic theory that the stock market crash was a consequence of inequality of wealth and income. In November 1929, he met with industrialists and union leaders and negotiated a deal whereby industry agreed not to reduce wages and labor unions agreed not to strike. This later led to Hoover signing into law the Davis-Bacon Act, which required local governments to pay union wages on public works projects and the Norris-LaGuardia Act, which prevented courts from issuing injunctions against union strikes. Keeping wages artificially high limited employment opportunities such that by the end of 1931, the unemployment rate was 16% and growing

    In 1929, Hoover authorized the Mexican Repatriation program. To combat rampant unemployment, the burden on municipal aid services, and remove people seen as usurpers of American jobs, the program was largely a forced migration of approximately 500,000 Mexicans and Mexican Americans to Mexico. The program continued through 1937.

    Congress approved the Smoot-Hawley Tariff Act in 1930. The legislation, which raised tariffs on thousands of imported items, was signed into law by Hoover in June 1930. The intent of the Act was to encourage the purchase of American-made products by increasing the cost of imported goods, while raising revenue for the federal government and protecting farmers. However, economic depression now spread through much of the world, and other nations increased tariffs on American-made goods in retaliation, reducing international trade, and worsening the Depression.

    In 1931, Hoover issued the Hoover Moratorium, calling for a one-year halt in reparation payments by Germany to France and in the payment of Allied war debts to the United States. The plan was met with much opposition, especially from France, who saw significant losses to Germany during World War I. The Moratorium did little to ease economic declines. As the moratorium neared its expiration the following year, an attempt to find a permanent solution was made at the Lausanne Conference of 1932. A working compromise was never established, and by the start of World War II, reparations payments had stopped completely.

    Hoover in 1931 urged the major banks in the country to form a consortium known as the National Credit Corporation (NCC).The NCC was an example of Hoover's belief in volunteerism as a mechanism in aiding the economy. Hoover encouraged NCC member banks to provide loans to smaller banks to prevent them from collapsing. The banks within the NCC were often reluctant to provide loans, usually requiring banks to provide their largest assets as collateral. It quickly became apparent that the NCC would be incapable of fixing the problems it was designed to solve, and it was replaced by the Reconstruction Finance Corporation.

    By 1932, the Great Depression had spread across the globe. In the U.S., unemployment had reached 24.9%,[45] a drought persisted in the agricultural heartland, businesses and families defaulted on record numbers of loans, and more than 5,000 banks had failed.[46] Tens-of-thousands of Americans who found themselves homeless and began congregating in the numerous Hoovervilles (also known as shanty towns or tent cities) that had begun to appear across the country. The name 'Hooverville' was coined by their residents as a sign of their disappointment and frustration with the perceived lack of assistance from the federal government. In response, Hoover and the Congress approved the Federal Home Loan Bank Act, to spur new home construction, and reduce foreclosures. The plan seemed to work, as foreclosures dropped, but it was seen as too little, too late.

    Prior to the start of the Great Depression, Hoover's first Treasury Secretary, Andrew Mellon, proposed and saw enacted, numerous tax cuts, which cut the top income tax rate from 73% to 24%. When combined with the sharp decline in incomes during the early depression, the result was a serious deficit in the federal budget. Congress, desperate to increase federal revenue, enacted the Revenue Act of 1932. The Act increased taxes across the board, so that top earners were taxed at 63% on their net income. The 1932 Act also increased the tax on the net income of corporations from 12% to 13.75%.

    The final attempt of the Hoover Administration to rescue the economy occurred in 1932 with the passage of the Emergency Relief and Construction Act which authorized funds for public works programs and the creation of the Reconstruction Finance Corporation (RFC). The RFC's initial goal was to provide government-secured loans to financial institutions, railroads and farmers. The RFC had minimal impact at the time, but was adopted by President Franklin D. Roosevelt and greatly expanded as part of his New Deal.

    New Dealer Rexford Tugwell later remarked that although no one would say so at the time, "practically the whole New Deal was extrapolated from programs that Hoover started."

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    Last edited by Strucky; 12-02-09 at 01:25 AM.
    "The problem in defense is how far you can go without destroying from within what you are trying to defend from without."

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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

    A congressional report released last month warned that rising caseloads of Iraq and Afghanistan veterans are overwhelming vet centers, undermining the quality and timeliness of care.

    The number of veterans treated at vet centers for post-traumatic stress disorder more than doubled in a recent nine-month period, according to the report. Also, many vet centers responded to the rising workload by limiting services or establishing waiting lists.

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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

    Quote Originally Posted by scottsoperson View Post
    A congressional report released last month warned that rising caseloads of Iraq and Afghanistan veterans are overwhelming vet centers, undermining the quality and timeliness of care.

    The number of veterans treated at vet centers for post-traumatic stress disorder more than doubled in a recent nine-month period, according to the report. Also, many vet centers responded to the rising workload by limiting services or establishing waiting lists.
    Provide a link.
    "The problem in defense is how far you can go without destroying from within what you are trying to defend from without."

    ~Dwight D. Eisenhower

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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

    Hoover's stance on the economy was based largely on volunteerism. From before his entry to the presidency, he was a proponent of the concept that public-private cooperation was the way to achieve high long-term growth.

    from your link.

  7. #247
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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

    Quote Originally Posted by scottsoperson View Post
    Hoover's stance on the economy was based largely on volunteerism. From before his entry to the presidency, he was a proponent of the concept that public-private cooperation was the way to achieve high long-term growth.

    from your link.
    He spent millions on public works projects.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist


  9. #249
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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

    Quote Originally Posted by scottsoperson View Post
    Hoover's stance on the economy was based largely on volunteerism. From before his entry to the presidency, he was a proponent of the concept that public-private cooperation was the way to achieve high long-term growth.

    from your link.
    Wow....Talk about selective reading.
    "The problem in defense is how far you can go without destroying from within what you are trying to defend from without."

    ~Dwight D. Eisenhower

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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist


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