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To: Willie Green
Keynsian theology did not pull us out of the depression. If big government program spending created wealth the Soviet Union would be a paradise. Those New Deal programs worsened the depression. By increasing taxes and squeezing the money supply Roosevelt killed economic recovery.
26 posted on 07/24/2002 12:46:33 PM PDT by ChiMark
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To: ChiMark
If big government program spending created wealth the Soviet Union would be a paradise.

Invalid comparison.

The old Soviet Union was void of any market forces whatsoever.
It was strictly a centrally planned "command economy" with all resources owned, controlled and operated by the state.
In contrast, when markets falter due to the pencil-pushing, paper-shuffling excesses of Wall Street, there is nothing wrong with Government "priming the pump" of private industry by building infrastructure that benefits EVERYBODY for decades to come. And I do mean EVERYBODY, private businesses as well as the workers who become their employees. And taxpayers receive tangible and lasting infrastructure for their investment.

28 posted on 07/24/2002 1:12:09 PM PDT by Willie Green
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