To: LS
The last thing we need to do is to treat this like a new "New Deal." That was the biggest economic disaster in our history,We're still enjoying the benefits of the contruction of the Great Hydroelectric Dams that were built during this period. And the CCC built some really nice state parks in Pennsylvania.
Time to increase tariffs and build some infrastructure.
Put America back to work again CREATING wealth, not merely consumeing and squandering wealth in the "service" sector.
To: Willie Green
Sure thing.
To: Willie Green
And see "capital flight" like we have never seen...into Asia, Australia and even Russia...
We are not the only "store" on the street anymore.
To: Willie Green
Er, sorry dude, but those "benefits" of hydroelectric dams were built on the BACKS of millions of Americans stuck in poverty at the time. Some benefit.
Oh yah, tarrifs are great. Like Hawley Smoot, which virtually EVERY economist now agrees basically caused the market crash in 1929 and made the Depression MUCH worse. How much worse? Well, recent studies---TWO of them by different economists---agree that HS probably took a good five percent off GNP. Yah, that is really "creating wealth." With wealth creation like that, we would look like Albania soon. Dream on, bud.
16 posted on
07/24/2002 10:28:46 AM PDT by
LS
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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