Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: jackmercer
We are still below debt levels that we saw from 1943 to 1950 and the US didn’t collapse after those debt years and the rest of the world was a lot worse off in 1946 than they are now....so armageddon talk should be tempered.

True.....

.....But then again, post WWII was not staring down the barrel of a WH/House/Senate/Court-System Kommunist Kabal willingly dismantling free enterprise and personal freedom for the Kommon good.

Back then, we were actively FIGHTING communism, not embracing it.

Back then, the world being in bad shape from being bombed or oppressed into oblivion presented Capitalist opportunity for our manufacturing base.

Both of these are not true today.

Today we openly talk about paralyzing our economy not only with debt and socialism, but also by strangling our energy supply to "save the planet" while our economic opponents in the third world do not plan to be limited.

I believe an ill wind is beginning to blow. Maybe it isn't public debt, but it is bad nevertheless and it will take us under if we don't put a stop to the maddness.

But I fear we are too late for that. These hippie retreads learned from Clinton's failure to "get things done" in 1994 when Newt Gingrich stopped him. They have learned from that and plan to go into legislative hyper-drive. They also plan to keep power by controling the census, enabling more voter fraud than ever through this "stimulus" bill and ACORN.....

.....and possibly calling a Constitutional Convention to rewrite the Constitution to their advantage.....

.....see http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=83364

24 posted on 02/15/2009 9:43:08 AM PST by SteamShovel (Global Warming, the New Patriotism)
[ Post Reply | Private Reply | To 22 | View Replies ]


To: SteamShovel

“.....But then again, post WWII was not staring down the barrel of a WH/House/Senate/Court-System Kommunist Kabal willingly dismantling free enterprise and personal freedom for the Kommon good.”

Many of your points are well taken. But I have to point out that 1933 to 1950 was the peak of socialism in the US and we have quite a ways to go before we get to that point again. I’m not saying we won’t but rather that we are still quite a distance from it.

Remember we were still in the midst of major New Deal programs at the end of the war and things still existed like top marginal tax rates were 94%, Agriculture subsidies were in full swing, the Wagner Act led to an explosion in union participation and power (though Taft-harley blunted it a bit), United States Housing Authority nationalising chunks of the private housing industry, the Connally Hot Oil Act put the government finger on oil flows (even before the war and after), the Reconstruction Finance Corporation where tax dollars backed huge loans to big business and lastly, the deficit spending dwarfed our current spending.

We would have to have a $2 trillion dollar stimulus plan each year for the next three years to match 1945 deficits of 110% of GDP. Not equity stakes in banks, not treasury loans, not federal reserve loans and guarantees, etc. Actual tax funded stimulus legislation like the one being signed on Tuesday.

I am not denying recent socialistic moves over the last year and a half in our country, those are real and will certainly get worse over the next few years. But we are currently no where near the socilaism of 1933 to 1950.


27 posted on 02/15/2009 4:16:22 PM PST by jackmercer
[ Post Reply | Private Reply | To 24 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson