Jesda wrote:The New Deal prolonged the depression. Previous economic crises occurred in years past with the same level of severity, but all were very brief.
It isn't a group of economists from Central Idaho Farming College thinking this either. These are respected scholars making a legitimate case.
The New Deal tripled and prolonged unemployment, literally starved Americans, and crippled the recoveries of businesses. It left behind a legacy of social security, which has become a costly pyramid scheme, and set a precedent of the United States having a big, sloppy federal government. FDR was one of the worst monsters this country has ever endured.
I don't know if youre agenda is to discredit everyone on the forum or what but that doesnt bother me.....
i rolled my eyes cause im not convinced it will work yet.
The new deal was arguable by many. Im not gonna waste my breath on that part everybody here knows how to read (hopefully lol). But i will say this; It did some good too at the time and i agree it left some big scabs on americas economy. Plus we were in a much worst situation when it was rolled out. I mentioned it in relation to Baracks proposal. We will have to see what happens.
I was going to build up some credit for my new company but im thinking i should wait and see how things go now.
This sucks!!!!