Posted on 09/27/2008 6:16:42 AM PDT by Son House
Whenever I hear Obama say ‘bottom up’ economy, I hear Nixon’s voice, “We are all Keynesian, now.” Remember those years? Well, I sure as hell do.
No Command Economy, no way, no how!
“it wasn’t until WWII that we finally got out of it though a war economy.”
I would argue that “war economy” was only an acceleration of New Deal foolishness, this time toward an admirable goal. If a war really can pull you out of a depression, why don’t we just have a war every time we’re in trouble? My sources indicate that GDP did not reach pre-1929 levels until 1954 (!).
Seriously though, federal spending as a share of GDP skyrocketed, employment went up. That did not mean the economy was more productive. Trillions of dollars were funneled into bombs and bullets, but you can’t eat those. There was the rationing; there were the wage and price controls, and we all know how well thsoe work. No one says you can’t force an economy to hum, especially if everyone’s willing to fight for their very existence. But you can’t sustain it.
It is accurate to say that the war reversed our fortunes. Not right away, but eventually. I don’t know, maybe the two decades of large-scale planning tuckered the socialists out.
“The Feds may ‘ask’ for more money by raising our taxes, but it is up to us to ‘allow’ them access”
Sorry, all they have to do is have the Federal Reserve buy Treasury securities and spit crisp new bills out into the economy to pay for their crap.
This goes back to Plato vs. Socrates
Do average folks have to managed by the enlightened “state” because they’re too stupid to do what is best/right/ideal?
Or do average folks have the full potential to do the best/right/ideal on their own and submitting to a State worsens everything because it will by definition deny them their full potential, settling for a managed average?
Death by a thousand cuts since 1932. FDR was wrong.
I’ll see your video and raise you this one:
http://www.youtube.com/watch?v=H5tZc8oH—o&feature=related
The MSM said so!
Now shut up and DRINK YOUR KOOLAID!
They do not need to but they will be. I am 60 and we were a lot more free when I was a kid. The government has been making up new laws at full speed for 50 years.
Boston Tea Party time.
wow, excellent video thanks for the link!
Pretty bad when you can transact welfare business on a computer. And drive to the Post Office to get your afdc welfare check in your caddilac. Then go home to your free house and watch cable color tv and eat a food stamp meal.
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