Wisconsin native.
"The true soldier fights not because he hates what is in front of him, but because he loves what is behind him."--GKC
"Liberalism is the modern and morbid habit of always sacrificing the normal to the abnormal" --G K Chesterton
"The only objective of Liberty is Life" --G K Chesterton
"A man can never have too much red wine, too many books, or too much ammunition." -- Rudyard Kipling
Let's not forget that taxes (aka 'fees') have already begun rising due to ObamaCare, and the curve gets a lot steeper in 2013, continuing through ........forever.
Obama is a Lying, Marxist, Pinko, Unborn Baby killing, Sodomy promoting Bastard and a Democrat to boot! so of course I can't say I am surprised by what he is doing.
How do you know Strupp? It has actually never been tried...
We have also never had a financial situation like this where the debt is greater than 90% of GDP and is actually slowing the recovery itself. Why would adding to the debt further help?
U.S. debt/GDP was over 100% in the 1940's. Even with robust GDP growth.
You aren't seriously trying to argue that the times are the same? And, by the way, the US self-extricated due to 1) sole-source industrial exports and 2) a MUCH smaller Fed/State Gummint presence.
Hoover tried contractionary fiscal policy in 1931. Unemployment promptly shot to 25%.
Perhaps in 1931. But Hoover's known for his aggressive fiscal expansionist work, too. (Maybe earlier?)
I'm not arguing that. Just stating a fact that it has occured before.
Hoover attempted contractionary fiscal policy into the teeth of a deflationary recession/depression. That was my point. It has, in fact, been attempted with destructive results. Had we adopted these policies in 2008, we would be looking at similar results.
We are attempting to replicate 1937 right now. The parallels are striking.
And I see you've punted on the fact that you've made two incorrect statements and have decided to move on to something else again.
And this is the great "beacon of Keynesianism" Herbert Hoover in 1932 for the record. Sounds completely dumb and very familiar:
http://hhpapers.org/paper19320108.html
And who the hell is talking about Coolidge? That's great. Coolidge cut spending in the roaring 20's. I believe that would be the most recent Republican President to do so. Maybe Ike. Then came the next 60 years. Doesn't matter, it's completely off the subject that's it's just as nut to cut spending in a recession than raise taxes.
BS - spending for the sake of spending is stupid upon its face.
Go to the other thread for a multitude of examples of spending that could cease and desist virtually unnoticed except by the employees.
The point is Coolidge cut spending and we had a booming economy. Hoover - didn't.
And no - FDR's policies - ie killing pigs and plowing under crops, forcing businesses to charge more or face fines/jail did nothing to help the economy or the people trying to survive it.
If not for entry into WWII, the Depression would have dragged on for much longer.
"The point is Coolidge cut spending and we had a booming economy."
Simplistic logic at its finest. Business growth, consumer demand, few regulations on banking/finance (gee, I wonder what happened afterwards?), and access to easy credit were major factors.
Kind of hard to compare the finance industry in the 20's to that of today. Gold standard, FDIC, yada yada...
But you hit on a couple of biggies - business growth and consumer demand.
We don't have that now because everyone is sitting on their money. Uncertainty over costs of doing business through regulation and taxation are not growth-friendly. Nor is Dodd-Frank which raised costs to consumers and made it harder to lend to businesses.
Hey stupid put a STOP ON ILLEGAL IMMIGRANTS,=s babys=FREE MEDICAL = FREE FOOD=FREE SCHOOLING. Keep Giving a kid candy,they will keep Coming back duh ADD IT UP,HELL OWER JAILS AND PRISONS ARE FULL OF THEM ADD THAT UP ALSO. THEY KNOW YOUR "STUPID"
Obama is a Lying, Marxist, Pinko, Unborn Baby killing, Sodomy promoting Bastard and a Democrat to boot! so of course I can't say I am surprised by what he is doing.
ReplyDeleteHe does not want to raise taxes, he wants to "reduce spending in the tax code". Duh!! Maybe you folk just aint smart enuf to understand teh won
ReplyDeleteDavid
"You don’t raise taxes in a recession."
ReplyDeleteAnd you don't cut spending in a recession like this either.
That's just as stupid of course so it seems everyone has lost their minds.
How do you know Strupp? It has actually never been tried...
ReplyDeleteWe have also never had a financial situation like this where the debt is greater than 90% of GDP and is actually slowing the recovery itself. Why would adding to the debt further help?
And both statements are incorrect.
ReplyDeleteU.S. debt/GDP was over 100% in the 1940's. Even with robust GDP growth.
Hoover tried contractionary fiscal policy in 1931. Unemployment promptly shot to 25%.
Hoover tried contractionary monetary policy by adhering to the gold standard in 1931 as well.
FDR was bullied into contractionary fiscal policy in 1937. Unemployment had recovered to around 12% by then. It promptly shot back up over 20%.
It's been tried. And it's a stupid idea.
But we're going to go ahead and try it again apparently.
U.S. debt/GDP was over 100% in the 1940's. Even with robust GDP growth.
ReplyDeleteYou aren't seriously trying to argue that the times are the same? And, by the way, the US self-extricated due to 1) sole-source industrial exports and 2) a MUCH smaller Fed/State Gummint presence.
Hoover tried contractionary fiscal policy in 1931. Unemployment promptly shot to 25%.
Perhaps in 1931. But Hoover's known for his aggressive fiscal expansionist work, too. (Maybe earlier?)
I'm not arguing that. Just stating a fact that it has occured before.
ReplyDeleteHoover attempted contractionary fiscal policy into the teeth of a deflationary recession/depression. That was my point. It has, in fact, been attempted with destructive results. Had we adopted these policies in 2008, we would be looking at similar results.
We are attempting to replicate 1937 right now. The parallels are striking.
Ah - you still buy in to the FDR's government spending is what ended the Great Depression meme.
ReplyDeleteBut for the record, Hoover increased spending. Coolidge is the one that cut it.
Yes on FDR.
ReplyDeleteAnd I see you've punted on the fact that you've made two incorrect statements and have decided to move on to something else again.
And this is the great "beacon of Keynesianism" Herbert Hoover in 1932 for the record. Sounds completely dumb and very familiar:
http://hhpapers.org/paper19320108.html
And who the hell is talking about Coolidge? That's great. Coolidge cut spending in the roaring 20's. I believe that would be the most recent Republican President to do so. Maybe Ike. Then came the next 60 years. Doesn't matter, it's completely off the subject that's it's just as nut to cut spending in a recession than raise taxes.
BS - spending for the sake of spending is stupid upon its face.
ReplyDeleteGo to the other thread for a multitude of examples of spending that could cease and desist virtually unnoticed except by the employees.
The point is Coolidge cut spending and we had a booming economy. Hoover - didn't.
And no - FDR's policies - ie killing pigs and plowing under crops, forcing businesses to charge more or face fines/jail did nothing to help the economy or the people trying to survive it.
If not for entry into WWII, the Depression would have dragged on for much longer.
"The point is Coolidge cut spending and we had a booming economy."
ReplyDeleteSimplistic logic at its finest. Business growth, consumer demand, few regulations on banking/finance (gee, I wonder what happened afterwards?), and access to easy credit were major factors.
Kind of hard to compare the finance industry in the 20's to that of today. Gold standard, FDIC, yada yada...
ReplyDeleteBut you hit on a couple of biggies - business growth and consumer demand.
We don't have that now because everyone is sitting on their money. Uncertainty over costs of doing business through regulation and taxation are not growth-friendly. Nor is Dodd-Frank which raised costs to consumers and made it harder to lend to businesses.
Hey stupid put a STOP ON ILLEGAL IMMIGRANTS,=s babys=FREE MEDICAL =
ReplyDeleteFREE FOOD=FREE SCHOOLING. Keep
Giving a kid candy,they will keep
Coming back duh ADD IT UP,HELL OWER
JAILS AND PRISONS ARE FULL OF THEM
ADD THAT UP ALSO. THEY KNOW YOUR
"STUPID"
Hello you are right ower government & so called president mr.Odumy
ReplyDeleteDidn't even know what a plan is.
g