Franklin Roosevelt was in office for twelve years

[R.M.]

^ I'm just lazy. Unlike that book of stupid. Fat Bastard.

[Texas Contrarian]

For anyone interested in gaining a better understanding of what put the "great" into the Great Depression, and why it persisted for so long, here's one of the clearest and most easily readable explanations I've ever seen:

https://fee.org/resources/great-myth...pdf-and-audio/

That is, of course, inconsistent with and likely contrary to what you may have heard from your history teachers. In the minds of left-wing ideologues such as Paul Krugman, the reason the depression lasted so long was that we were not "bold" enough to spend money on a scale approaching that of World War II. In his mind, the spending associated with the war was what propelled the economy to recovery.

Sheer nonsense. The postwar economy recovered very well, to be sure, but the only way the war can conceivably be thought of as having "ended" the Great Depression was that it completely reordered priorities. For starters, away went the trade restrictions mandated by Smoot-Hawley and other actions.

Also, consumption was greatly suppressed during the war; and, in fact, with so many goods either formally rationed or in extremely short supply, it was difficult to find much to buy.

As a consequence, the household saving rate during much of the war was in excess of 25%, several times the long-term average. So, when American servicemen came home, pent-up demand for homes, cars, appliances, and all sorts of other things was at levels never before seen.

Additionally, most of the productive capacity of what would otherwise have been our chief global competitors had been bombed away, producing strong tailwinds for what was soon to become a period thought of as a golden age in U.S. economic history.
.

[WTF]

Originally Posted by JD Barleycorn

Not all but some were detained. It was a small number but I guess they didn't take them as seriously as the Japanese.

I like the story about a German POW who escaped from a camp in Kansas. 20 years later he called the FBI and told them that he was an escaped prisoner from the war. They asked what he'd been up to in the last 20 years. He told them that he made it to Chicago, met a great woman and got married. He worked the same job all these years and raised some children. Now his oldest was about to start college and he felt guilty about being an enemy combatant. They asked if had committed any crimes other than escaping and he said no. They told him to carry on with his life and don't worry about it.

Good thing he wasn't from Mexico!

[IIFFOFRDB]

Originally Posted by WTF

Good thing he wasn't from Mexico!

or Meyerland!

[IIFFOFRDB]

Old School 0zombie, FDR was... YODA

http://www.whatreallyhappened.com/WR.../6315/fdr.html

FDR
SCANDAL PAGE
The greatest enemy of truth is very often not the lie - deliberate, contrived and dishonest - but the myth - persistent, persuasive and unrealistic. --JFK, June 11, 1962

You know I am a juggler, and I never let my right hand know what my left hand does. I'm perfectly willing to mislead and tell untruths...FDR, May 1941 (Morgan p 550)

Karl Marx is going to win this war.-- Father Coughlin

[Yssup Rider]

Originally Posted by IIFFOFRDB

or Meyerland!

What the fuck is up with Meyerland?

Your mama work in one of them nice houses down there, SLOBBRIN?

[WTF]

Originally Posted by CaptainMidnight

For anyone interested in gaining a better understanding of what put the "great" into the Great Depression, and why it persisted for so long, here's one of the clearest and most easily readable explanations I've ever seen:

https://fee.org/resources/great-myth...pdf-and-audio/

That is, of course, inconsistent with and likely contrary to what you may have heard from your history teachers. In the minds of left-wing ideologues such as Paul Krugman, the reason the depression lasted so long was that we were not "bold" enough to spend money on a scale approaching that of World War II. In his mind, the spending associated with the war was what propelled the economy to recovery.

Sheer nonsense. The postwar economy recovered very well, to be sure, but the only way the war can conceivably be thought of as having "ended" the Great Depression was that it completely reordered priorities. For starters, away went the trade restrictions mandated by Smoot-Hawley and other actions.

Also, consumption was greatly suppressed during the war; and, in fact, with so many goods either formally rationed or in extremely short supply, it was difficult to find much to buy.

As a consequence, the household saving rate during much of the war was in excess of 25%, several times the long-term average. So, when American servicemen came home, pent-up demand for homes, cars, appliances, and all sorts of other things was at levels never before seen.

Additionally, most of the productive capacity of what would otherwise have been our chief global competitors had been bombed away, producing strong tailwinds for what was soon to become a period thought of as a golden age in U.S. economic history.
.

Great article...pent up demand. It is why the auto industry bounced back so well after the recession of 2008 after years of high oil prices and the recession. The exact opposite happened in the housing marketand low fuel prices! Probably why we have had slow growth...which I haven't seen as a totally bad thing if we could get spending under control.

Maybe this is better suited for your thread. Artificial Intelligence is another thing that will effect growth, the middle class and a huge reason why many jobs will not be coming back.

[WTF]

Originally Posted by Yssup Rider

What the fuck is up with Meyerland?

Your mama work in one of them nice houses down there, SLOBBRIN?

Evidently he thinks I'm from Myerland as if I was , like there'd be something wrong with that. Guy has a screw loose.

[DSK]

Originally Posted by Yssup Rider

What the fuck is up with Meyerland?

Your mama work in one of them nice houses down there, SLOBBRIN?

What is Meyerland - is it near Clarksville?

[dilbert firestorm]

meyerland, houston
https://www.google.com/maps/place/Me...!4d-95.4647224

[Texas Contrarian]

Originally Posted by WTF

Artificial Intelligence is another thing that will effect growth, the middle class and a huge reason why many jobs will not be coming back.

In the past, the sort of "creative destruction" described long ago by Schumpeter always led to innovation and the ensuing rebuilding of sectors of the economy that later created more jobs over time than were destroyed.

But now there is a growing belief that rapidly advancing technology will shove all but the most highly skilled out of many job markets.

Tyler Cowen has written that those who are in roughly the top 15% of the education and skills distribution will do very well over the next two or three decades, while prospects for the rest of the population will decline. In his view, this will create great social stress as policymakers grapple with how to prevent those left behind from fomenting some sort of social revolution that will be extremely destructive to the fabric of the nation.
.

[tonyvicksa]

You get no R.W pussy and by your own admission your so fat the girls on the board cringe at the sight of you. Straighten your fat ass up mother fucker.

Originally Posted by Luke_Wyatt

seriously you have to be the dumbest CUNT on this site- everyone fucking knows he was the only 3 term President- you are damn near 40 and just found it out? You think it's cool huh- do you really or are you trying to just fit in? If there were no term limits Obama would be in office right now you dumb CUNT.

[R.M.]

Originally Posted by tonyvicksa

You get no R.W pussy and by your own admission your so fat the girls on the board cringe at the sight of you. Straighten your fat ass up mother fucker.

Can I get a amen up in this bitch today.

[WTF]

I'm your Captain, listen to me and return me to my ship...

http://www.cnbc.com/amp/2017/03/24/m...-comments.html


.

[R.M.]

^ You better watch out before I pull your pants down around your ankles.