Known turncoat pops off

HardlyClothed

SFGbob said:

My response clearly states that the New Deal had been in place for 5 years in 1938 you lying sack of shit. Is every liberal a fucking liar or are all liars liberals?

You cherrypicked 1938 to say the New Deal was actually bad because the economy contracted that year. You’re laughably intellectually dishonest and then accuse others of lying when they point that out.

RaceBannon

The economy sucked until WW2

Hth

HardlyClothed

RaceBannon said:

The economy sucked until WW2

Hth

Caused by a crisis of capitalism and only saved by a Keynesian, labor-friendly economy.

2001400ex

RaceBannon said:

The economy sucked until WW2

Hth

Race was there!!!

SFGbob

Why was the economy so shitty five years into the New Deal? Unemployment remained in double digits until 1941, eight years after the New policies had started. The New Deal actually retarded economic growth and crippled a strong and sustained economic recovery. Just like with Obama's recovery, all of the government spending and all of the new regulations hurt economic growth and lead to an anemic recovery.

RaceBannon

SFGbob said:

Why was the economy so shitty five years into the New Deal? Unemployment remained in double digits until 1941, eight years after the New policies had started. The New Deal actually retarded economic growth and crippled a strong and sustained economic recovery. Just like with Obama's recovery, all of the government spending and all of the new regulations hurt economic growth and lead to an anemic recovery.

This is true

RaceBannon

HardlyClothed said:

RaceBannon said:

The economy sucked until WW2

Hth

Caused by a crisis of capitalism and only saved by a Keynesian, labor-friendly economy.

Sure

2001400ex

SFGbob said:

Why was the economy so shitty five years into the New Deal? Unemployment remained in double digits until 1941, eight years after the New policies had started. The New Deal actually retarded economic growth and crippled a strong and sustained economic recovery. Just like with Obama's recovery, all of the government spending and all of the new regulations hurt economic growth and lead to an anemic recovery.

Bob do you want to talk about the role the collapse of banks in that time period had on the economy?

HardlyClothed

SFGbob said:

Why was the economy so shitty five years into the New Deal? Unemployment remained in double digits until 1941, eight years after the New policies had started. The New Deal actually retarded economic growth and crippled a strong and sustained economic recovery. Just like with Obama's recovery, all of the government spending and all of the new regulations hurt economic growth and lead to an anemic recovery.

Economic lightweight. The stimulus failed because it was not nearly big enough. Needed to be $2 trillion or more but investment bankers Larry Summers and Timmy Geithner kneecapped it by capping it at $500 billion. It also included massive tax cuts that were saved instead of spent, just like always. And the foreclosure crisis that wiped out the net worth of millions of middle and lower class families.

It wasn’t regulations moron.

HardlyClothed

The stimulus also favored short term projects over longer term investments, another reason it sucked.