2012 Republican Nomination

[fed1943]

What's wrong about giving loans to producers?
Public works are also just that,the State making the role of producer.
Or do you think better to give loans to consumers, perhaps to have
them spend good vacations and hope to get their tanned skins so that
they pay you back?
Best regards,

[Kidlicious]

Darius,

For a tax policy to be demand-side, it should raise taxes for the rich and lower them or give a credit to the lower income groups, such as Obama proposes with the second stimulus check.

Imran,

Considering we were in so much trouble, his religion, and his rhetoric, you've got to consider him a supply-sider, because he clearly believed that giving producers incentive to produce more would get us out of the depression. That was his mistake, and that's why he gets the reputation he deserves.

fed,

Giving loans to producers didn't help during the depression because more production only created more oversupply. Loans to consumers wouldn't have worked as well as simply giving them money, because people didn't want to spend money that they didn't have. I think the government could be making the same mistake again, but not as bad as last time.

[TheStinger]

It's a bit hard on Hoover for him to take all the blame, he was just advocating accepted economic theory at the time.

In the UK we refused to run any budget defecit in the middel of the depression, going as dar as cutting wages and unemployment benefit.

It is obvious to us today what should have been done aprtly because people such as Keynes and Freidman agreed on what should have been done(although for different reasons) but it wasn't then

[Kidlicious]

Not every country made the same mistakes though. Nazi Germany used import subsitution, government spending, and some Keynesian deficits to recover quickly. Sweden also recovered quickly with currency devaluation, export growth, and Keynesian deficits. So going along with what everyone else does, isn't an excuse.

[Darius871]

Originally posted by Kidicious
Darius,

For a tax policy to be demand-side, it should raise taxes for the rich and lower them or give a credit to the lower income groups, such as Obama proposes with the second stimulus check.

Isn't that exactly what Imran said about Hoover, which you seemed to deny?

[Kidlicious]

Originally posted by Darius871


Isn't that exactly what Imran said about Hoover, which you seemed to deny?

By providing funds for public works? That's the normal course of government affairs.

[Imran Siddiqui]

Considering we were in so much trouble, his religion, and his rhetoric, you've got to consider him a supply-sider, because he clearly believed that giving producers incentive to produce more would get us out of the depression. That was his mistake, and that's why he gets the reputation he deserves.

And yet he spent a ton (for his time) on public works projects. Something FDR ATTACKED him on in the coming election.

He did believe that producers could help, but he also initiated public works projects and taxed the rich to help pay for it. It seems he did a little of both.

[TheStinger]

Germany didn't come out of recession by just using Keynsian econimics it also went in for social enginering and being Nazis, I'm not convinced that anyone should have followdd their policies.

[Kidlicious]

Originally posted by Imran Siddiqui

Considering we were in so much trouble, his religion, and his rhetoric, you've got to consider him a supply-sider, because he clearly believed that giving producers incentive to produce more would get us out of the depression. That was his mistake, and that's why he gets the reputation he deserves.

And yet he spent a ton (for his time) on public works projects. Something FDR ATTACKED him on in the coming election.

He did believe that producers could help, but he also initiated public works projects and taxed the rich to help pay for it. It seems he did a little of both.

Also, keep in mind that that spending was authorized in 1932, three years after the depression started.

[Kidlicious]

Originally posted by TheStinger
Germany didn't come out of recession by just using Keynsian econimics it also went in for social enginering and being Nazis, I'm not convinced that anyone should have followdd their policies.

I didn't say it was because of Keynesian deficit spending. Their deficits weren't that large, because they didn't have as much power to borrow. The primary thing that got them out of the depression was import substitution, and that's something that the US could use.

[Zenn-La]

Who the hell would vote for Palin in 2012 other then the retards who already like her? She's retarded for gods sake!!! Her selection as VP was the beginning of the end for John McCain.

Mike Huckabee! I would prefer he waits until 2016 so hes our next president unless Obama is screwing up then run in 2012.

[Ben Kenobi]

Another issue is whether trading partners would have raised tariffs regardless of Smoot-Hawley. Britain surely would have raise tariffs regardless, however there is evidence that Canada actually retaliated against the US for raising tariffs.

Europe raised tariffs in anticipation of Smoot-Hawley in 1929, after it passed the house. Smoot-Hawley was a disaster for everybody and greatly increased the length and the depth of the depression.

If congress had sat on their hands and said let them eat cake, things would have improved more quickly.

Bailouts are just chasing good money after bad. If these banks were worth anything then investors would have spent money to snap them up. They haven't which is indicative of the true value that the market places on them. The markets are going to keep dropping until all the bubble has been purged off and the market overshoots to where investments are undervalued again. We are nowhere near that right now.

[Boris Godunov]

Originally posted by Ben Kenobi
Moderates are wishy washy on Palin, all the conservatives I've spoken too are thrilled that there is someone who is one of them who shares their beliefs and goals and outlook on life.

And intelligence. You forgot intelligence.

[Boris Godunov]

Originally posted by Ben Kenobi
Dixiecrats are really Democrats?

That could go in my sig.

Better use it now, because your sig is mine in two weeks.

[Imran Siddiqui]