[blwall1416]

it looks for all the world, rather than learn from roosevelt's disastrous policies, we are now in process of fully repeating the same folly. obama is certainly following his idol's gameplan, item by item. in a new study released by UCLA, the parallels are frightening...



http://newsroom.ucla.edu/portal/ucla/FD ... elNum=5409

Two UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years, and they blame a suspect previously thought to be beyond reproach: President Franklin D. Roosevelt.

After scrutinizing Roosevelt's record for four years, Harold L. Cole and Lee E. Ohanian conclude in a new study that New Deal policies signed into law 71 years ago thwarted economic recovery for seven long years.

"Why the Great Depression lasted so long has always been a great mystery, and because we never really knew the reason, we have always worried whether we would have another 10- to 15-year economic slump," said Ohanian, vice chair of UCLA's Department of Economics. "We found that a relapse isn't likely unless lawmakers gum up a recovery with ill-conceived stimulus policies."

In an article in the August issue of the Journal of Political Economy, Ohanian and Cole blame specific anti-competition and pro-labor measures that Roosevelt promoted and signed into law June 16, 1933.

[LUconn]

He's got other things on his mind

[ALUmnus]

And Sarkozy knows it.

[Liberty4Life]

Eh, whatever. FDR was around long enough to see the economy recover, so he gets credit for saving it. Chances are, Obama will be around in four (gawd, eight?) years and this economy will recover by then, as recessions always do.

The interesting thing about recessions since WW II is that they seem to recover at the same rate they decline. Check this link out:

http://2.bp.blogspot.com/_pMscxxELHEg/S ... ne2009.jpg

It's just a question of how bad is it going to get.

[UNCA Alum]

And whenever the economy recovers, as it would have regardless of anything Obama has done or will do.....

He'll be able to stand up there in the spring of 2011 and say proudly, "We enacted stimulus legislation that eventually put our economy back on track!!"


Instead of the truth, which would be: We pounced on the fears of an economic downturn to pass an $800B "stimulus" package containing spending items that my Democratic colleagues and I have wanted to pass for years, but were not able to gather the necessary public support. The reckless power grab and irresponsible spending has handicapped both the federal and state government alike, as we implemented policies and plans that are simply not financially feasible moving forward. The economy naturally contracts and rises, which is what we are experiencing right now. Always has. Always will. The stimulus plan had nothing to do with it, but I'm hoping yall fools weren't paying attention and will re-elect me anyway.