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To: neverdem
The author was unable to see the difference here.

Hitler reduced taxes plus, increased large infrastructure projects. On top of that, Hitler began building his Military machines, which employed most everyone in Germany, as well as he took all the young Men and many young Women and placed them in his Military.

Obama has done something similar, with his Civilian Service Corps, but the biggest difference is, his Civilian Force will not produce anything. It will be nothing more that a drain on the Treasury. He will have to increase all Taxes by at least 100% to pay for his massive Government, non-productive plan.

This will completely defeat the very thing that let Hitler achieve God like status with the German people. Next will come runaway Inflation and later Stagflation. Any temporary economic gains made from his current scam, will quickly dry up after the bill comes due. Don't forget, he biggest difference between ‘30’s Germany and now, is ALL of Obama’s money is being borrowed to fund this Marxist scam.

It simply won't work. I cannot work. It goes against all economic laws which will soon enforce themselves, regardless of how Obama tries to defy them or rewrite them.

20 posted on 03/15/2009 5:23:19 AM PDT by PSYCHO-FREEP (WHAT? Where did my tag line go? (ACORN))
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To: PSYCHO-FREEP
Those aren't the only differences that matter:
  1. In all previous crises, the world was either on the gold standard, or at least using fixed currency exchange rates. Also, all the macrocoenomic theories we have are based on the assumption of fixed currency exchange rates. But since the 1970s, the world has been usng a floating exchange rate system, which creates a macroeconomic environment that is fundamentally different fron the environment where all our previous analagous cases played out, and for which all our macroeconomic theories were developed. That means that our macroeconomic theories cannot be valid, and that we cannot draw valid macroeconomic conclusions from past examples.
  2. In the case of Germany in the 1930s, they had not eviscerated their manufacturing base. They had the factories, espesically including those that make the fundamental products, such as machine tools.
  3. The USD is the world reserve currency. Were it to lose that status, the consquences to the US would be severe beyond description. To avoid that fate, there are severe constraints on what the US can do. We're between a rock and a hard place.

28 posted on 03/15/2009 8:43:14 AM PDT by sourcery (Obama Lied. The Economy Died!)
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