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Haliphron
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10 Jan 2009, 1:20 pm

Sand wrote:
Absolutely FDR was the worst. He closed the banks so that the financial system wouldn’t collapse, he set up federal deposit insurance so that the average guy wouldn’t lose all his money when the banks collapsed, he fought hard for the unions and gave them labor laws so that management couldn’t underpay them or make them work overtime without just compensation, he saw to it that workers out of work got some compensation to tide them over times when they had no money to live, he started several government programs to employ young people when they could get no work in the WPA and the CCC, he got the Tennessee Valley Authority going to electrify that part of the USA and eventually powered much of the needed work to create the horror of the atomic bomb, and so on. In other words he did his best to save capitalism and he almost failed because he never spent enough government money to really pump it into action since capitalism never can seem to manage without huge government subsidies of one kind or another to keep it going. But one man finally performed the heroic task of stimulating the system sufficiently to put enough money in the pockets of the wage earners to put them into the middle class. That hero, for which all America should give praise was none other than Adolph Hitler who got the entire machinery of the work force going to produce the tanks and guns and bombers that won the war. Not only that, this magnificent German destroyed the whole manufacturing machinery of Europe so that the USA was untouched and thereby became the superpower it is because it had the only manufacturing machinery setup in the west to sustain capitalism. Of course, under the Republicans such as Reagan and Nixon the labor laws and the regulations that gave at least some honesty to the financial system was removed (with a helping hand from Clinton) and here we are back in the depression again and no Hitler to help us out.
:lmao:


Great joke, Sand. :wink:
Dubya truly is the very WORST, ever.



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10 Jan 2009, 1:24 pm

I know I'm going to get a lot of flak for saying this, but Ronald Reagan. On his own, he was a pretty good president, qualified to do the job, and scared every other country on the earth s**tless...

However, the failure in my eyes comes from the fact that his economic policies are still the core of the Republican party today. You know that idea that "reckless spending is good for the economy" that the Republicans are so proud of? That was Reagan's idea (or at least the idea of someone in his staff)... In today's world, the average european makes less money than the average US citizen (albeit working fewer hours), and yet is just as economically stable (if not moreso), and has a good deal of money saved up each year, all because they don't go out and buy s**t every time they have the cash on hand to do so...



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10 Jan 2009, 2:06 pm

gamefreak wrote:
Let's look at it this way. If nothing was done during the Great Depression the situation would have been even worse. The Great Depression was @ its worst in late 1932 and early 1933. Having the bank holiday gave the banks time to rebuild at least some cash. It also gave Roosevelt time to pump money into banks that needed it.

The opposite is precisely the counter-thesis. What FDR did during the Great Depression extended it rather than helping the economy improve, and the fact that many of his programs were very very wrongheaded is a well-known fact. I am not going to argue that what FDR did with the bank holiday is terrible, and even if I give you that this is the right choice, this does not mean that he still did not extend the Great Depression with anti-competitive measures, poor rhetoric, tons of misdirected programs, and various misallocations of money that *still* haunt this country. I mean, a man who a significant number of business leaders wanted to *KILL* doesn't seem like the one who will best restore confidence in enterprise in the system.

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There is nothing wrong with Redistribution of wealth. In fact it is the morally correct thing to do to help people out who need and deserve it. Great Britain is a very socialist country in that since and the economy over there is very stable. You don't here of too many Brit's living in the streets.

Sure there is, you are forcing me to do what you want. I consider that something wrong. Also, if I wanted to make another argument, I could argue that current welfare measures are not good due to the fact that they provide poor marginal incentives and thus leave little reason for people to improve their station. I could also argue that political processes are unlikely to ever create good welfare, simply because it is not the interest of the middle class to even care, mostly just to provide aid as helps people feel better. There are no "very socialist countries", only mixed economy welfare states.

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You give people enough money to live and they will give back 5 times more to this country & the economy as a whole. Its like if you give a guy a welfare check the 1st thing the guy will do is get groceries. Buying $50- $100 of groceries gives the average worker at a grocery store a day of work. 1/3 of a day for Management Positions. Not even talking about the money pouring into the food companies.

Ok, welfare measures, so what? My beef is with the fact that he had poor policy stances and did a lot of nothing in a lot of what he did. I mean, even people such as Milton Friedman and Friedrich Hayek had no problem with people getting groceries, but that does not mean that FDR was a great president. And the last sentence seems problematic, the money pouring into the food companies is irrelevant, as either this money is taxed away from someone else, or is a Keynesian stimulus anyway.

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Backing up the banks was a great idea. Don't matter how bad our economy is most people will still have money in the banks. Making it where the economy will not worsen to the Great Depression extent. The Depression went on 3 1/2 years before FDR become president. In that since that was 3.5 years of a Bear Market. We've only been in a Bear Market for 1 Year and look how bad it is. So the fact that it has taken 7 years to recover was about norm. Economists are already talking about at least 5 years to recover after the Bear Market hits its low.

To me, it seems like a good way to cause regulatory capture by creating a moral hazard. I mean, I suppose it can stabilize the money supply, but the Great Depression was bad partially due to our central bank's failures, and the fact that our banking system was crippled by poor regulatory laws throughout history anyway. I didn't say that Hoover was a great President and rather suggested that he was also a bad one, and if you'll note, it didn't take 7 years to recover from the Great Depression, and we didn't get to a good level of unemployment until we entered the war, as the rate of unemployment was still above or around the tens until 1942, so you are talking about 12-13 years for the economy to recover. As for what economists say, well, honestly, I don't even know which economists you are talking about, and they don't speak with one mouth anyway, so "the economists" is a rather difficult thing to justify, particularly given that some are currently held to be intellectually questionable. In any case, economists have a terrible time with predicting stuff, so you are just saying that highly trained guessers say something, so it hardly matters. I mean, some economists have more weight than others, but still, macroeconomists do not know macroeconomics, they may pretend they do, but they don't, nobody really knows what they are doing with the economy. In any case, 5 years is quite abnormal for a recovery. In any case, most of what I see from the government's actions here is waste, I am still glad that Obama chose a tax cut for fiscal stimulus over some crazed government program.
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About the Roosevelt's in general. You can trust those people. Why do you think that many American Citizens during the 30's reelected him. I don't see a lot of Presidents backing there words that came out during the campaign. Giving weekly fireside chats and talking to Americans like he was a family member instead of a politician.

I don't so much. Because Roosevelt gave an appearance of doing something, Americans are not going to know good policy from bad policy, so why pretend they have the ability. Nope, most don't, but it is rather questionable to completely and thoroughly go the opposite of your 1932 campaign platform. And I don't want politicians in my family, and distrust any actions for them to claim that they are.



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10 Jan 2009, 4:03 pm

gamefreak wrote:
There is nothing wrong with Redistribution of wealth. In fact it is the morally correct thing to do to help people out who need and deserve it. Great Britain is a very socialist country in that since and the economy over there is very stable. You don't here of too many Brit's living in the streets.

That is debatable, and at least has government making moral decisions for the nation, which libertarians would find abhorrent. Also, free market economics does tend to produce the most growth overall, and this eventually benefits everyone. Look at the period of growth from 1870-1910. Also, I have seen studies that found that America's poor have a higher standard of living than Europe's middle class in a number of ways.

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You give people enough money to live and they will give back 5 times more to this country & the economy as a whole. Its like if you give a guy a welfare check the 1st thing the guy will do is get groceries. Buying $50- $100 of groceries gives the average worker at a grocery store a day of work. 1/3 of a day for Management Positions. Not even talking about the money pouring into the food companies.

I think some economists have questioned the validity of the Keynesian multiplier.

Sand wrote:
he fought hard for the unions

Unions suck.

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and gave them labor laws so that management couldn’t underpay them or make them work overtime without just compensation,

There is no such thing as "just compensation," and certainly not that should be defined by arbitrary governmental decrees. A worker is worth what the market rate is for their services, and they will tend to receive that.


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Awesomelyglorious
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10 Jan 2009, 5:06 pm

Orwell wrote:
I think some economists have questioned the validity of the Keynesian multiplier.

I certainly know that the power of Keynesian stimulus has been questioned, and if the point is made without reference to a Keynesian stimulus then it is just bad, does not need much to dismiss it.



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10 Jan 2009, 6:01 pm

Phagocyte wrote:
Andrew Jackson.


This.



JerryHatake
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10 Jan 2009, 8:16 pm

What about James Buchanan, the president of who literally committed treason along with not keeping the Union together as well.


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10 Jan 2009, 11:56 pm

Grant, Pierce and Harding are far worse than Bush with an honorable mention to my distant relative James Buchanan. Also, Filmore's up there too for managing to achieve absolutely nothing. Although even though he was an awful president, Grant was still one of the greatest generals in the history of the United States.


However, my top favorite presidents are as follows, from #5 to #1: Polk, Wilson, Lincoln, Jefferson, Teddy Roosevelt (who is in the running for "coolest person to ever live" mainly for things like giving a 90-minute long speech after he had been shot)


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11 Jan 2009, 12:40 am

Jackson also is the reported reason for the 'Cherokee Curse' by which all presidents who were elected in a year ending with 0 died in office (at least until Reagan, and Al Gore...;)

"Every generation needs a Nixon"...ours was Nixon, yours was Bush...;)



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11 Jan 2009, 1:42 am

Orwell wrote:
gamefreak wrote:
There is nothing wrong with Redistribution of wealth. In fact it is the morally correct thing to do to help people out who need and deserve it. Great Britain is a very socialist country in that since and the economy over there is very stable. You don't here of too many Brit's living in the streets.

That is debatable, and at least has government making moral decisions for the nation, which libertarians would find abhorrent. Also, free market economics does tend to produce the most growth overall, and this eventually benefits everyone. Look at the period of growth from 1870-1910. Also, I have seen studies that found that America's poor have a higher standard of living than Europe's middle class in a number of ways.

Quote:
You give people enough money to live and they will give back 5 times more to this country & the economy as a whole. Its like if you give a guy a welfare check the 1st thing the guy will do is get groceries. Buying $50- $100 of groceries gives the average worker at a grocery store a day of work. 1/3 of a day for Management Positions. Not even talking about the money pouring into the food companies.

I think some economists have questioned the validity of the Keynesian multiplier.

Sand wrote:
he fought hard for the unions

Unions suck.

Quote:
and gave them labor laws so that management couldn’t underpay them or make them work overtime without just compensation,

There is no such thing as "just compensation," and certainly not that should be defined by arbitrary governmental decrees. A worker is worth what the market rate is for their services, and they will tend to receive that.



"Unions suck" because they provide workers with an instrument for fighting the dictatorial powers of management and see to it that workers can fight for a living wage. Walmart has been in court for cheating its workers of their rightful wages and has been forced legally to repay millions for cheating its workers, something it could not do if the workers were organized. That is why Walmart and other managements are so violently against unions. If there were no minimum wage laws workers would have even a worse time. The idiots that are in the management section think that if they can reduce their labor costs to slave levels they could increase their profits but they seem to have no cognizance that labor is consumers and when consumers have to put themselves into debt to buy products and their mortgages and credit cards run out they cannot buy the products they produce. It's a statistical fact that wages in the USA have remained flat for decades while management gained all the rewards for the regular increase in productivity. This is a direct result of the anti-union attitude of government since Reagan. The present economic catastrophe is the result of management shooting itself in the foot.

In one of your comments you condemned FDR because he couldn't walk. How long will it be before you condemn Obama because he's black?



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11 Jan 2009, 2:08 am

Sand wrote:
"Unions suck" because they provide workers with an instrument for fighting the dictatorial powers of management and see to it that workers can fight for a living wage.

I get bored of class warfare rhetoric pretty quickly. I've heard it all before.

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Walmart has been in court for cheating its workers of their rightful wages and has been forced legally to repay millions for cheating its workers, something it could not do if the workers were organized.

What are their rightful wages? Who determines what a "just wage" is or is not?

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If there were no minimum wage laws workers would have even a worse time.

There are a number of economists who strongly disagree with your assessment on this matter.

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The idiots that are in the management section think that if they can reduce their labor costs to slave levels they could increase their profits but they seem to have no cognizance that labor is consumers and when consumers have to put themselves into debt to buy products and their mortgages and credit cards run out they cannot buy the products they produce.

Well, managers tend to be better educated than workers and I doubt they would really be *that* short-sighted and foolish. Nor do employers have such control as you imagine over wages anyways.

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In one of your comments you condemned FDR because he couldn't walk. How long will it be before you condemn Obama because he's black?

In case you were unable to detect it, that was sarcasm. It was a reference to an earlier parody thread we once had about whether you would vote for an amputee for President- I responded with some declamations against "cripples" and got some amusing responses by the time everyone was in on the joke.


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11 Jan 2009, 2:43 am

Workers don't have to be particularly smart to notice they haven't enough money to get by on. The whole rise of the middle class in the USA came out of the rise of fair labor laws and the recorded shift of wealth away from the middle class into the wealthy classes is a direct outgrowth of the loss of income of the working class. Although the stupidification of the USA is a distressing phenomenon as indicated by a recent report that 25% of the population cannot locate the USA on a map of the world, the superior management class that dumped 50 billion dollars into the Madoff fiasco with clear previous indications to the enforcing government agencies that he was running a ponzi scheme went totally ignored for years, has not displayed any particularly impressive intellect. The revocation by Clinton of Sarbanes Oxley controls on Wall Street let loose the greedy idiots of so-called intellectual superiority that started the mess that the financial system now finds itself and is dragging the world into depression.

Your so-called "humor" in indicating FDR was incompetent because he was paralyzed is in the same class as describing black people as jungle monkeys and cannot be merely put down as bad taste. It was totally inexcusable and disgusting. I grew up during Roosevelt's time and I shudder to think of what other outlandish indications of "humor" you may find entertaining. The anti-Semitic Jew baiting prevalent in previous years in the USA seems to have gone out of style with Hitler's enthusiasm for destroying that sector but Latinos are regularly being beaten to death in Long Island and a helpless black guy was shot to death in Oakland so there are many new areas for you to explore for your future fun.



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11 Jan 2009, 2:48 am

Sand wrote:
Workers don't have to be particularly smart to notice they haven't enough money to get by on. The whole rise of the middle class in the USA came out of the rise of fair labor laws and the recorded shift of wealth away from the middle class into the wealthy classes is a direct outgrowth of the loss of income of the working class.

A causal relationship between these factors is hard to prove, and I could argue that the American middle class began to emerge before the labor laws were enacted, which causes a problem for your proposed chain of causation.

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Your so-called "humor" in indicating FDR was incompetent because he was paralyzed is in the same class as describing black people as jungle monkeys and cannot be merely put down as bad taste. It was totally inexcusable and disgusting. I grew up during Roosevelt's time and I shudder to think of what other outlandish indications of "humor" you may find entertaining.

You evidently are unaware of the distinction between sarcasm and more conventional forms of humor.


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11 Jan 2009, 3:16 am

Orwell wrote:
Sand wrote:
Workers don't have to be particularly smart to notice they haven't enough money to get by on. The whole rise of the middle class in the USA came out of the rise of fair labor laws and the recorded shift of wealth away from the middle class into the wealthy classes is a direct outgrowth of the loss of income of the working class.

A causal relationship between these factors is hard to prove, and I could argue that the American middle class began to emerge before the labor laws were enacted, which causes a problem for your proposed chain of causation.

Quote:
Your so-called "humor" in indicating FDR was incompetent because he was paralyzed is in the same class as describing black people as jungle monkeys and cannot be merely put down as bad taste. It was totally inexcusable and disgusting. I grew up during Roosevelt's time and I shudder to think of what other outlandish indications of "humor" you may find entertaining.

You evidently are unaware of the distinction between sarcasm and more conventional forms of humor.


The decline of the middle class is very evident today. To assume the lack of improvement of wages over the last decades along with the tremendous rise in profits and management benefits has no relationship indicates something lacking in your analytical comprehension.

I am thoroughly acquainted with sarcasm but there is a very clear line between sarcasm and unacceptable declaration and you have crossed it. I lived through the era of Fritz Kuhn and his American Nazis, The America First Committee with Wheeler, Nye and Lindbergh (who accepted an award from Hitler) and who opposed the fight against fascism. I remember well the type of vitriol thrown against FDR at the time and under no circumstances could it be confused with sarcasm.



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11 Jan 2009, 3:29 am

Well then, I apologize if I have been offensive.


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Sand
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11 Jan 2009, 3:44 am

Orwell wrote:
Well then, I apologize if I have been offensive.


Thanks. I appreciate that. Although I have strong disagreements with a good deal of your comments I find you generally intelligent and worthwhile-

I am especially sensitive to the word "cripple" as I spent the major part of my life trying to give a decent life to my son who was made quadriplegic by a stupid automobile driver at the age of three. He spent the rest of his 33 year life on a respirator but was a brilliant guy and one of the first in the group to get onto the net. We are all "crippled" in one way or another, some more than others.