Posted By:
Pennsylvania TedHey guy......go back and re-read what I posted
Why did I start with 1930....wasn't the Depression at the end of 1929 ?
I don't understand where you are coming from with that question ?
The year 1929 culminated the "Roaring Twenties", a period of high living. Very similar to our recent scenario,
where the Housing Market was "booming" and the Stock Market's DOW climbed to 14,000.
The Roaring 20's and Hoover are directly responsible for the Depression which caused 25% Unemployment
by 1930.
When FDR took over in 1933, his solutions to try and restore our economy were "Big Government" type remedies.
It is well documented that FDR's policies (which were very similar to what our politicians are doing now) only
exacerbated this country's economic woes. And, dragged out our depressed economy for another 8 years.
But, if you are comfortable with all these multi-Billion (or Trillion) dollar bailouts, then I cannot convince you
of anything....and, I will not waste my time trying to.
It's your children and my grandchildren that will be burdened with inevitable future HIGH TAXES to pay for these
policies.
I would rather that the 100 Million middle-class working people be given $10.000 TAX rebates (that's a Trillion),
then give these $$$$$$ to the culprits and institions that created this economic mess.