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Post by greekgod on Aug 5, 2011 20:41:50 GMT -6
JimmyB, Yeah, that philosophy worked for President Hoover. The G"Tea"P is trying to turn the County Back to those "Golden Days of Yesteryear". You'll do well I'm sure. g ;D Greek, you never did answer the question as to the DURATION and SEVERITY of prior Depressions to the "great one" you so fondly describe. You know, the ones prior to the Fed. becoming the Sugar Daddy to all? Sniper, I believe "job" would prefer we correctly refer to these as "Panics" It would be simplistic to believe as so many variables change to try to apply the same solution to the "same" situation"whether, a panic, a recession, or a depression. If that was possible every President (no matter the Political Party), would simply pull out ''THE PLAN LABELED ''HOW TO SOLVE THE PANIC SITUATION". I do not believe that folder exist. To do that perhaps our Government and the World needs to invest all our resources and manpower into developing a "TIME MACHINE". Or better yet a Private Corporation! Using your logic, all we had to do to end the war in Afghanistan sooner we should have equipped our troops with the weapons our soldiers of World War II used to defeat Germany and Japan in less time. Perhaps if something is wrong with your truck Sniper, you should consider consulting "dog" the "blacksmith". No disrespect to you intended "dog". g
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Post by northsider on Aug 5, 2011 20:44:03 GMT -6
Read those books and you will see that congress in their concern over the growing national debt during the great depression jumped on the austerity bandwagon and slashed government spend around 17% in two years. It did cause the slowly recovering economy to bottom out again. Sounds kindof like what the tea party wants to do. I'm sure the results will work out much better this time.
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Post by Deleted on Aug 5, 2011 22:30:54 GMT -6
Read those books and you will see that congress in their concern over the growing national debt during the great depression jumped on the austerity bandwagon and slashed government spend around 17% in two years. It did cause the slowly recovering economy to bottom out again. Sounds kindof like what the tea party wants to do. I'm sure the results will work out much better this time. How much will be enough.....?
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Post by Deleted on Aug 6, 2011 6:09:05 GMT -6
Read those books and you will see that congress in their concern over the growing national debt during the great depression jumped on the austerity bandwagon and slashed government spend around 17% in two years. It did cause the slowly recovering economy to bottom out again. Sounds kindof like what the tea party wants to do. I'm sure the results will work out much better this time. How much will be enough.....? For G'Tea'P policy to crush the world? Not much more.
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Post by Deleted on Aug 6, 2011 6:16:56 GMT -6
How much will be enough.....? For G'Tea'P policy to crush the world? Not much more.
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Post by dog on Aug 6, 2011 7:38:08 GMT -6
It would be simplistic to believe as so many variables change to try to apply the same solution to the "same" situation"whether, a panic, a recession, or a depression. If that was possible every President (no matter the Political Party), would simply pull out ''THE PLAN LABELED ''HOW TO SOLVE THE PANIC SITUATION". I do not believe that folder exist. You know Greek, if you recall, and you can go back and look at some of my previous posts, I have been saying something like this for quite some time. You, Goomba, and others have referred to a crisis in history, and used that for justification to either support the same action or reject the same action, based on whether is was a success or failure in the past as a playbook for current crisis. Many have tried to use the argument that I am quoting, and they were dismissed by you. I agree with your post and I hope you will continue to look at things with that perspective.
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Post by OutlawwithaSnipeSniper on Aug 6, 2011 8:28:37 GMT -6
Read those books and you will see that congress in their concern over the growing national debt during the great depression jumped on the austerity bandwagon and slashed government spend around 17% in two years. It did cause the slowly recovering economy to bottom out again. Sounds kindof like what the tea party wants to do. I'm sure the results will work out much better this time. And what YEAR was that? Slowly recovering economy? Where the hell did you read THAT?
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Post by OutlawwithaSnipeSniper on Aug 6, 2011 8:34:34 GMT -6
Sniper, I believe "job" would prefer we correctly refer to these as "Panics" It would be simplistic to believe as so many variables change to try to apply the same solution to the "same" situation"whether, a panic, a recession, or a depression. If that was possible every President (no matter the Political Party), would simply pull out ''THE PLAN LABELED ''HOW TO SOLVE THE PANIC SITUATION". I do not believe that folder exist. To do that perhaps our Government and the World needs to invest all our resources and manpower into developing a "TIME MACHINE". Or better yet a Private Corporation! Using your logic, all we had to do to end the war in Afghanistan sooner we should have equipped our troops with the weapons our soldiers of World War II used to defeat Germany and Japan in less time. Perhaps if something is wrong with your truck Sniper, you should consider consulting "dog" the "blacksmith". No disrespect to you intended "dog". g Greek, how about we let Job say how he would describe them? You certainly have no trouble trying to differentiate them. What is the difference between a Panic and a Depression? What were the conditions the citizens faced during either? HOW LONG DID EITHER LAST? Little Johhny can, when he is busted, keep telling Mommy that he didn't do it, attempting to worm his way out of trouble. Or, he can stand like a man, tell the truth. Which way ultimately results in less pain? And BTW, you are somewhat correct in your Afghanistan analogy, except replace weapons with mentality.
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Post by northsider on Aug 6, 2011 8:44:15 GMT -6
Look at the size of the GDP from 1930 to 1940. It's interesting to see the dramatic effects after the governments austerity moves. Like I said, I'm sure the results will work out better this time around.
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Post by Deleted on Aug 6, 2011 9:06:30 GMT -6
Look at the size of the GDP from 1930 to 1940. It's interesting to see the dramatic effects after the governments austerity moves. Like I said, I'm sure the results will work out better this time around. You're right. It looks like history will momentarily repeat itself, but only for review, highlight, and effect. It's too bad this time the conditions are much worse, and the world's involved. I doubt Obama and his supportive constituents will allow it to happen.
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Post by job on Aug 6, 2011 11:47:09 GMT -6
Sniper, I believe "job" would prefer we correctly refer to these as "Panics" It would be simplistic to believe as so many variables change to try to apply the same solution to the "same" situation"whether, a panic, a recession, or a depression. If that was possible every President (no matter the Political Party), would simply pull out ''THE PLAN LABELED ''HOW TO SOLVE THE PANIC SITUATION". I do not believe that folder exist. To do that perhaps our Government and the World needs to invest all our resources and manpower into developing a "TIME MACHINE". Or better yet a Private Corporation! Using your logic, all we had to do to end the war in Afghanistan sooner we should have equipped our troops with the weapons our soldiers of World War II used to defeat Germany and Japan in less time. Perhaps if something is wrong with your truck Sniper, you should consider consulting "dog" the "blacksmith". No disrespect to you intended "dog". g Greek, how about we let Job say how he would describe them? You certainly have no trouble trying to differentiate them. What is the difference between a Panic and a Depression? What were the conditions the citizens faced during either? HOW LONG DID EITHER LAST? Little Johhny can, when he is busted, keep telling Mommy that he didn't do it, attempting to worm his way out of trouble. Or, he can stand like a man, tell the truth. Which way ultimately results in less pain? And BTW, you are somewhat correct in your Afghanistan analogy, except replace weapons with mentality. Old Greek again displays his lack of "book learning." The term panic was the term of choice for sustained economic down turns during the 19th and early 20th century: "The Panic of 1837, the Panic of 1893," etc.
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Post by viper on Aug 6, 2011 11:57:01 GMT -6
job, Okay, so please share with us the "successful New Deal programs" which "were extensions of what Hoover had started". g I don't know which particular programs he was referring to, but most historians would agree that Hoover was very interventionist given his rather conservative background, especially where the tariffs were concerned. There are sources listed for further reading at this link: www.textbookcheck.com/tbc/database/hs_history/american_anthem/21.shtml
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Post by greekgod on Aug 6, 2011 12:38:49 GMT -6
Greek, how about we let Job say how he would describe them? You certainly have no trouble trying to differentiate them. What is the difference between a Panic and a Depression? What were the conditions the citizens faced during either? HOW LONG DID EITHER LAST? Little Johhny can, when he is busted, keep telling Mommy that he didn't do it, attempting to worm his way out of trouble. Or, he can stand like a man, tell the truth. Which way ultimately results in less pain? And BTW, you are somewhat correct in your Afghanistan analogy, except replace weapons with mentality. Old Greek again displays his lack of "book learning." The term panic was the term of choice for sustained economic down turns during the 19th and early 20th century: "The Panic of 1837, the Panic of 1893," etc. job, Can you tell your "students" the historically correct term we should apply to the economic condition the U.S. and World faces today? Is that too difficult for you? I've survived the arrogant professors who wrote the textbook for the class. I did well in their course but was unimpressed with their teaching skills. The truly excellent instructors made difficult courses easy, the arrogant ones played games, to demonstrate their power. g ;D
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Post by OutlawwithaSnipeSniper on Aug 6, 2011 14:19:42 GMT -6
I've survived the arrogant professors who wrote the textbook for the class. I did well in their course but was unimpressed with their teaching skills. The truly excellent instructors made difficult courses easy, the arrogant ones played games, to demonstrate their power. g ;D Interesting how perceptions differ. The truly excellent Professors I had were the ones that you would call "arrogant" as they made difficult courses appropriately difficult, forcing you to use your head to defend your positions. The arrogant ones fed you information lockstep with dogma to pass you through the system. Guess some students don't care about learning as much as getting the grade.
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Post by greekgod on Aug 6, 2011 14:45:26 GMT -6
I've survived the arrogant professors who wrote the textbook for the class. I did well in their course but was unimpressed with their teaching skills. The truly excellent instructors made difficult courses easy, the arrogant ones played games, to demonstrate their power. g ;D Interesting how perceptions differ. The truly excellent Professors I had were the ones that you would call "arrogant" as they made difficult courses appropriately difficult, forcing you to use your head to defend your positions. The arrogant ones fed you information lockstep with dogma to pass you through the system. Guess some students don't care about learning as much as getting the grade. Sniper, I can agree with your first statement. I differ on you second. An excellent Professor did indeed make the student think, they were not the ones who graded you on presenting your understanding of their position. The arrogant ones were the ones who gave Midterm exams and "telling you that you should study certain chapters of the text completely, then have nothing about that on the exam. Tell me nothing about what I should study the most, but don't lie to me! The arrogant ones were the ones who gave you the exams with no point value next to the questions and the last question was worth 50% of the grade. He indeed a fine lecturer but his test proved nothing about your learning ability. Ninety percent of that class failed at mid-terms, I had to Ace the Final for a C. Those sir are the "arrogant ones" All about the Professors Ego. Educational Game. I've had so many in Undergrad and Post-Grad. I'm sure you had a few, and challenged them as did I. g
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