View Poll Results: Worst 20th Century President

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  • Theodore Roosevelt

    3 1.90%
  • Woodrow Wilson

    12 7.59%
  • Herbert Hoover

    18 11.39%
  • Franklin Delano Roosevelt

    26 16.46%
  • Harry Truman

    1 0.63%
  • Lyndon Baines Johnson

    3 1.90%
  • Richard Nixon

    15 9.49%
  • James Earl Carter

    38 24.05%
  • William Jefferson Clinton

    6 3.80%
  • Other (Specify)

    36 22.78%
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Thread: Worst 20th Century President

  1. #271
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    Re: Worst 20th Century President

    I don't remember who it was, but they said Bush was the worst, so I thought we had this all settled.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  2. #272
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    Re: Worst 20th Century President

    Quote Originally Posted by phattonez View Post
    Yes I can see the difference, but it doesn't mean that the Chrysler bailout wasn't a waste of money.
    The first bailout(loan guarantee) was not a waste of money. In fact it generated tax revenue for the last thirty years. The government collected billions of taxes from Chrysler after the loan guarantees. It turned out to be a great deal for everyone and it didn't cost the government a penny.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

  3. #273
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    Re: Worst 20th Century President

    Quote Originally Posted by USA-1 View Post
    The first bailout(loan guarantee) was not a waste of money. In fact it generated tax revenue for the last thirty years. The government collected billions of taxes from Chrysler after the loan guarantees. It turned out to be a great deal for everyone and it didn't cost the government a penny.
    Instead of letting the companies that were doing well (aka producing the things that people want) get bigger. Makes total economic sense.

    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

  4. #274
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    Re: Worst 20th Century President

    Quote Originally Posted by phattonez View Post
    Instead of letting the companies that were doing well (aka producing the things that people want) get bigger. Makes total economic sense.
    Chrysler restructured, retooled and built and sold things people wanted. The Auto makers thrived in the 80s and 90s.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

  5. #275
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    Re: Worst 20th Century President

    Quote Originally Posted by USA-1 View Post
    Chrysler restructured, retooled and built and sold things people wanted. The Auto makers thrived in the 80s and 90s.
    Someone always pays. This is basic economics.

    "In the course of our study, also, we have rediscovered an old friend. He is the Forgotten Man of William Graham Sumner. The reader will remember that in Sumnerís essay, which appeared in 1883:

    As soon as A observes something which seems to him to be wrong, from which X suffering is, A talks it over with B, and A and B then propose to get a law passed to remedy the evil and help X. Their law always pro- poses to determine what C shall do for X or, in the better case, what A, B and C shall do for X. . . . What I want to do is to look up C. . . . I call him the For- gotten Man. . . . He is the man who never is thought of. He is the victim of the reformer, social speculator and philanthropist, and I hope to show you before I get through that he deserves your notice both for his character and for the many burdens which are laid upon him.

    It is an historic irony that when this phrase, the For- gotten Man, was revived in the nineteen thirties, it was applied, not to C, but to X ; and C, who was then being asked to support still more Xís, was more completely for- gotten than ever. It is C, the Forgotten Man, who is al- ways called upon to stanch the politicianís bleeding heart by paying for his vicarious generosity."

    Read Economics in One Lesson by Henry Hazlitt because you don't seem to be able to understand this simple concept.

    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

  6. #276
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    Re: Worst 20th Century President

    Quote Originally Posted by phattonez View Post
    Someone always pays. This is basic economics.

    "In the course of our study, also, we have rediscovered an old friend. He is the Forgotten Man of William Graham Sumner. The reader will remember that in Sumner’s essay, which appeared in 1883:

    As soon as A observes something which seems to him to be wrong, from which X suffering is, A talks it over with B, and A and B then propose to get a law passed to remedy the evil and help X. Their law always pro- poses to determine what C shall do for X or, in the better case, what A, B and C shall do for X. . . . What I want to do is to look up C. . . . I call him the For- gotten Man. . . . He is the man who never is thought of. He is the victim of the reformer, social speculator and philanthropist, and I hope to show you before I get through that he deserves your notice both for his character and for the many burdens which are laid upon him.

    It is an historic irony that when this phrase, the For- gotten Man, was revived in the nineteen thirties, it was applied, not to C, but to X ; and C, who was then being asked to support still more X’s, was more completely for- gotten than ever. It is C, the Forgotten Man, who is al- ways called upon to stanch the politician’s bleeding heart by paying for his vicarious generosity."

    Read Economics in One Lesson by Henry Hazlitt because you don't seem to be able to understand this simple concept.
    I understand it well. Chrysler was struggling and they needed a cash infusion. The government guaranteed some loans to them and they pulled out of it and thrived. It would have been much costlier had Chrysler gone belly up. It really was a good move at the time and it cost the government nothing.
    And it is nothing like the Savings and Loan bailout that cost taxpayers billions. Comparing the two shows how little you know about economics.
    Last edited by USA_1; 02-08-10 at 04:32 PM.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

  7. #277
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    Re: Worst 20th Century President

    Quote Originally Posted by phattonez View Post
    Yes I can see the difference, but it doesn't mean that the Chrysler bailout wasn't a waste of money.
    It's easy for you to say that. If you worked for chrysler and had to support your family I'll bet you would sing a different tune.

    Conservatives don't seem to mind ceo's who makes a thousand dollars per hour but let a blue collar worker make a living wage then they go ballistic, like Reagan, the robin hood of the rich, did.

  8. #278
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    Re: Worst 20th Century President

    Quote Originally Posted by USA-1 View Post
    I understand it well. Chrysler was struggling and they needed a cash infusion. The government guaranteed some loans to them and they pulled out of it and thrived. It would have been much costlier had Chrysler gone belly up. It really was a good move at the time and it cost the government nothing.
    And it is nothing like the Savings and Loan bailout that cost taxpayers billions. Comparing the two shows how little you know about economics.
    You're still ignoring other companies that couldn't get as much capital because of this. Just saying that we made a profit is not enough to show that it was the best use of that money.

    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

  9. #279
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    Re: Worst 20th Century President

    Quote Originally Posted by LiberalAvenger View Post
    It's easy for you to say that. If you worked for chrysler and had to support your family I'll bet you would sing a different tune.
    And if I was an American I would want to see the economy grow as well as it possibly good so that we all become wealthier instead of seeing capital goods siphoned off to a company that is a loser.

    Conservatives don't seem to mind ceo's who makes a thousand dollars per hour but let a blue collar worker make a living wage then they go ballistic, like Reagan, the robin hood of the rich, did.
    , it's about free choice. If you want to help people out donate to charity.

    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

  10. #280
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    Re: Worst 20th Century President

    Quote Originally Posted by phattonez View Post
    You're still ignoring other companies that couldn't get as much capital because of this. Just saying that we made a profit is not enough to show that it was the best use of that money.
    You have some kind of evidence that there was a shortage of capital at the time?
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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