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Old 01-21-10, 11:07 PM   #3
CaptainHaplo
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Actually the chicken in every pot socialistic ideals of the New Deal, along with other highly destructive actions of FDR - kept the country from seeing its way out of the Great Depression for an extended time frame.

The Great Depression is held to have started on Oct 24th of 1929 - so called "Black Thursday". It is commonly held to have ended anywhere from 1939 to 1941 - depending on how you define the end. It was only with the military trade and buildup within the US that the depression ended.

The New Deal is but one of many failures that were supposed to rescue the economy and thus the people. It, combined with things like taking the US off the gold standard, arbitrarily setting the price of gold (by executive decree - which really was illegal), the seizing of privately owned gold, etc - did nothing more than pull the bottom out of the currency, devaluing it greatly and thus impoverishing many more people, as well as increasing the hardship on all the people. This resulted in the inability of the economy to recover since the capital it needed to do so was devalued.

The parallels to today - and the flagrant increasing of our national debt (which significantly devalues our currency) are no coincidence. While the motives may be great, the paths to accomplish them have the opposite of the intended effect. Until spending by the government is reigned in (meaning less social programs and not more of them) as well as the deficit addressed with more than a band aid and yet another set of books - any recovery will be long in coming.

Study your history, or repeat it.
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