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12-10-2008, 05:01 PM
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Pride of the Neighborhood
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Join Date: Feb 2007
Posts: 6,166
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The New Deal Didn't End the Great Depression
And it won't now.
The Stock Market crashed in 1929. FDR was elected in 1932 and introduced the New Deal. Many believe that the New Deal ended the Great Depression. Consider that the Great Depression didn't end until our introduction into World War II that didn't happen in earnest until 1942. If all of those government programs and Democratic economic policies were the answer to the Depression, why did it take 10 years to get us out of it? Could we say that the New Deal PROLONGED the Great Depression versus ended it?
Unemployment in 1932 was 23.6%. Unemployment had only dropped to 17.1% by the end of the decade. The Dow didn't reach 1929 levels until 1954. The fact remains that the most aggressive presidency in our history with all of its central planning and government intervention into the market with its work programs and raising the top tax rate from 25% to 63%, didn't end the Depression. World War did.
Unfortunately, because FDR remained president during WWII (in which he did a wonderful job as commander in chief), he gets credit also for ending the GD because of all of his economic policies. The truth, when examined, says something else.
Government bailouts aren't going to work. Obama's infrastructure programs won't work. You have to allow failure in a capitalistic economy. Capitialism without failure is like Christianity without sin.
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When a newspaper posed the question, "What's Wrong with the World?" G. K. Chesterton reputedly wrote a brief letter in response: "Dear Sirs: I am. Sincerely Yours, G. K. Chesterton." That is the attitude of someone who has grasped the message of Jesus.
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12-10-2008, 06:29 PM
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Cross-examine it!
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Join Date: Mar 2008
Location: Orcutt, CA.
Posts: 6,736
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Re: The New Deal Didn't End the Great Depression
I wish I could locate a qoute I read once it was something like this, While historians may credit FDR with bringing us out of the Great Depression, Economists know better.
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"Beware lest you lose the substance by grasping at the shadow." ~Aesop
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12-10-2008, 06:41 PM
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ModeratelyConservativePro gresv
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Join Date: Dec 2008
Posts: 298
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Re: The New Deal Didn't End the Great Depression
Did Bush get it backwards? He did the war thing first. Perhaps he should start another war before he leaves office. Pakistan? Iran? Venezuela? Zimbabwe?
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12-10-2008, 06:55 PM
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Forever Loved Admin
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Join Date: Dec 2007
Location: Texas
Posts: 26,537
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Re: The New Deal Didn't End the Great Depression
Quote:
Originally Posted by Innocuous
Did Bush get it backwards? He did the war thing first. Perhaps he should start another war before he leaves office. Pakistan? Iran? Venezuela? Zimbabwe?
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__________________
If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
2 Chronicles 7:14 KJV
He hath shewed thee, O man, what is good; and what doth the LORD require of thee, but to do justly, and to love mercy, and to walk humbly with thy God? Micah 6:8 KJV
Beloved, now are we the sons of God, and it doth not yet appear what we shall be: but we know that, when he shall appear, we shall be like him; for we shall see him as he is. 1 John 3:2 KJV
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12-10-2008, 06:56 PM
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^ = A_Post-Modern
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Join Date: Feb 2008
Posts: 1,654
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Re: The New Deal Didn't End the Great Depression
Quote:
Originally Posted by Innocuous
Did Bush get it backwards? He did the war thing first. Perhaps he should start another war before he leaves office. Pakistan? Iran? Venezuela? Zimbabwe?
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I couldn't have said it better myself! 
__________________
"Most human beings are not able to stand the message of the shaking of foundations. They reject and attack the prophetic minds, not because they really disagree with them, but because they sense the truth of their words and cannot receive it." Paul Tillich
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12-10-2008, 07:18 PM
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Registered Member
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Join Date: Mar 2008
Location: In His Hands
Posts: 13,919
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Re: The New Deal Didn't End the Great Depression
Quote:
Originally Posted by A_PoMo
I couldn't have said it better myself! |
Well at least Pakistan, Iran and Zimbabwe would not be wars without proper cause.
__________________
"The choices we make reveal the true nature of our character."
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12-10-2008, 07:24 PM
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ModeratelyConservativePro gresv
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Join Date: Dec 2008
Posts: 298
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Re: The New Deal Didn't End the Great Depression
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Originally Posted by Jermyn Davidson
Well at least Pakistan, Iran and Zimbabwe would not be wars without proper cause.
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Well, Zimbabwe for sure. And maybe Sudan.
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12-10-2008, 07:29 PM
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Registered Member
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Join Date: Mar 2008
Location: In His Hands
Posts: 13,919
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Re: The New Deal Didn't End the Great Depression
Quote:
Originally Posted by Innocuous
Well, Zimbabwe for sure. And maybe Sudan.
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Pakistan and Iran are MUCH MORE WORTHY to bear the brunt of America' righteous indignation through military might than Iraq ever was.
Sudan, there's not a western power willing to do anything substantial there-- just way too many players involved and not enough in it for any one country to commit military assets.
__________________
"The choices we make reveal the true nature of our character."
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12-10-2008, 07:42 PM
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ModeratelyConservativePro gresv
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Join Date: Dec 2008
Posts: 298
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Re: The New Deal Didn't End the Great Depression
Quote:
Originally Posted by Jermyn Davidson
Pakistan and Iran are MUCH MORE WORTHY to bear the brunt of America' righteous indignation through military might than Iraq ever was.
Sudan, there's not a western power willing to do anything substantial there-- just way too many players involved and not enough in it for any one country to commit military assets.
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I'm not much of a hawk so I'll pass on the first comment.
But what does the above bolded statement reference?
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12-10-2008, 07:48 PM
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Registered Member
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Join Date: Mar 2008
Location: In His Hands
Posts: 13,919
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Re: The New Deal Didn't End the Great Depression
Quote:
Originally Posted by Innocuous
I'm not much of a hawk so I'll pass on the first comment.
But what does the above bolded statement reference?
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Not enough profit for any one country to get involved, not enough of a threat for everyone to get involved, not enough honest, armed and healthy Sudanese to even try to align one's elite forces with to bring about change from the inside out.
This is solely my opinion on the Sudan situation.
__________________
"The choices we make reveal the true nature of our character."
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