I no longer believe in capitalism. At all.

[Ben Kenobi]

1947 I believe, under the Truman administration. Bush never cut spending. Had he done so, he would have a better economic record. Mellon did, and the US did extremely well under his ten year tenure as secretary of the treasury.

Like I said - look him up and his plan if you have not already done so.

[Kidlicious]

1947 I believe, under the Truman administration. Bush never cut spending. Had he done so, he would have a better record than his mixed record.

And the economy grew slower when he did.

[Kidlicious]

Melon's policies led to the GD.

[giblets]

Melon's policies led to the GD.

Maybe not, but his tenure definitely looks a lot worse than Geithner's.

[Ben Kenobi]

Melon's policies led to the GD.

You might want to spell his name correctly before dismissing his ideas. If his ideas provoked the Great Depression, why didn't the repudiation of his ideas end it? It lasted far longer than 1931. Are you blaming him for the policies undertaken from 1931 to 1947 inclusive?

[Ben Kenobi]

Maybe not, but his tenure definitely looks a lot worse than Geithner's.

4 years in? Geithner would kill for that kind of record.

[Kidlicious]

You might want to spell his name correctly before dismissing his ideas. If his ideas provoked the Great Depression, why didn't the repudiation of his ideas end it? It lasted far longer than 1931. Are you blaming him for the policies undertaken from 1931 to 1947 inclusive?

Why would I do that? A supply sider was on the watch when the GD hit. It was increased government spending that recovered us from it.

[Ben Kenobi]

Why would I do that? A supply sider was on the watch when the GD hit. It was increased government spending that recovered us from it.

If we go by the Dow, that was 20 years later. Look at the recession of 1921 and compare. If the recovery took 20 years with government spending, why was the 1921 recession halted so quickly?

[Hauldren Collider]

Why would I do that? A supply sider was on the watch when the GD hit. It was increased government spending that recovered us from it.

This is highly debatable, and many prominent economists think it actually made things worse.

[Dinner]

This is highly debatable, and many prominent economists think it actually made things worse.

No, no actual economist who was not politically connected thinks that (though I admit Republican "think tanks" [read propaganda outlets] have made this claim). We measure economic growth by looking at the GDP and watching the changes in GDP (plus or minus) and the truth, which both you and the partisan propagandists desperately avoid, is that with in three years of the New Deal taking effect GDP was up above pre-crash levels as was the total number of people gainfully employed.

So stuff your freshman half educated bull**** up your drippy bunghole.

[Jaguar]

We look at GDP vs potential GDP as well.

[Hauldren Collider]

Edit: xpost.

[Ben Kenobi]

Wasn't it Dinner who's butt was bleeding awhile back?

[Kuciwalker]

Of course it won't cover 90% of savings. If you can save more than this, I'm not particularly concerned by the amount of taxes you pay.

And of course this is once again missing the whole point, because tax cuts are not about helping the poor, struggling rich person but rather presenting him with optimal incentives.

[Kuciwalker]

No, no actual economist who was not politically connected thinks that (though I admit Republican "think tanks" [read propaganda outlets] have made this claim). We measure economic growth by looking at the GDP and watching the changes in GDP (plus or minus) and the truth, which both you and the partisan propagandists desperately avoid, is that with in three years of the New Deal taking effect GDP was up above pre-crash levels as was the total number of people gainfully employed.

So stuff your freshman half educated bull**** up your drippy bunghole.

The consensus of economists is that the Great Depression was a monetary phenomenon and that the New Deal was generally either ineffective or even harmful to economic growth at the time.