Bowsite.com

Nothing on that post that I see as derogatory. If the good Dr sees that as a negative, "here's your sign"

"We have to pass the bill to see what's in it."

Ooops. We're still waiting for the thinking part.

Does it explain how they keep minorities poor to abuse as a permanent underclass?

Does it explain how they have destroyed the greatest economic freight train in the history of the world?

Does it explain how anytime they are in charge the world becomes more dangerous?

Does it explain how the income gap, which they always bitch about, is greater than ever?

Well, see we are actually helping you by making you think more! By thinking more, your brain will actually begin to transform from the liberal brain pictured above to the conservative style brain. Therefore moving you from being a worthless troll in society to an actual productive member!!!!

PS: Please hurry up in your conversion process, it gets very tiring deciphering kindergarten level writing.

I'm starting to believe he got that nickname by gnawing on a wooden pier.

...my man.

The Rock

From Mike's link:

The New Deal prolonged the Great Depression by doubling taxes, making it more expensive for employers to hire people, making it harder for entrepreneurs to raise capital, demonizing employers, destroying food, promoting cartels, breaking up the strongest banks, forcing up the cost of living, channeling welfare spending away from the poorest people, and enacting labor laws that hit poor African Americans especially hard.

tragic

I'll stick with economists when analyzing economic policy thank-you. They speak from working knowledge and make a strong case based on economic priniciples and factual analysis of data points.

I also think you really meant "try consulting with liberal historians and they'll tell you their version of the value of FDR.

Here's a quote from Thomas Sowell who also knows a bit more than you, I suspect, on the subject of economics:

"Guess who said the following: "We have tried spending money. We are spending more than we have ever spent before and it does not work." Was it Sarah Palin? Rush Limbaugh? Karl Rove? Not even close. It was Henry Morgenthau, Secretary of the Treasury under Franklin D. Roosevelt and one of FDR's closest advisers. He added, "after eight years of this Administration we have just as much unemployment as when we started. . . And an enormous debt to boot!"

At least show some intellectual honesty.

A request you've demonstrated a complete lack of qualifications to make.

It is true, economists have a better picture of the causes and resulting recovery of the depression.

I can say that of all my relatives that worked on WPA projects, none say it was responsible for ending the depression. What they do say is that as a temporary solution to starvation and keeping a roof over their heads it was a blessing. They're grateful to FDR for that.

If that stimulus was responsible for ending the depression, why is it that even greater stimulus to the tune of trillions hasn't improved the current economy? Don't use government statistics because they're just MOPE IMO and have little useful value other than to skew the truth. Why do you think the war machine is currently being ratcheted up?

You're right though, those that are ignorant of history are doomed to repeat it. Follow the money.

Austrian economists began the debate regarding WWII and it's effect on the depression era of 1929-1945. It is a good debate and almost entirely agree with the Austrian economists.

Excerpts from the Mises Institute.

Robert Higgs divides the era into 3 phases. The great contraction years of 29-33. Private investment fell 84% during this phase during the Hoover years.

The great duration, 33-45, private investment and GDP increased in the earlier years. Later in the 30's, FDR became more bold in undermining property rights, which negatively impacted recovery.

The great escape, after WWII, happened in spite of WWII, not because of it. He argues that the regulatory environment during the depression (FDR's new deal) and the war was scaled back creating an environment more conducive to entrepreneurs. He argues that the market uncertainty created by FDR's interventions delayed recovery and Higgs introduced the term regime uncertainty. You can see his observation of regime uncertainty in markets today from comments by many business leaders and economists.

Higgs understood the risk premiums on long term corporate bonds were substantial. The spread increased dramatically during the FDR years.

What FDR and advisors recognized was an opportunity to pave a road to recovery and remake society. He accomplished the latter, but not the former. They overlooked the problem that more power would magnify the harm done by human error or corruption.

FDR's new deal was full of hypocrisies. What benefited farmers, hurt consumers of farm products by higher prices. Prices on manufactured goods via corporate tax rates hurt farmers buying farm tools. Acreage allotment policies of the day are another example. Relief spending is another. It helped the unemployed but increased corporate taxes, tax on undistributed taxes, SS taxes, minimum wage laws and compulsory unionism, led to higher unemployment. In essence, new deal spending intended to improve the economy depressed it instead.

Von Mises, as Higgs points out equates wartime prosperity being equal to the prosperity that a plague brings. Capital consumption vs. capital accumulation, limited uses outside the military sector, artificial price and cost accounting, all masked real economic recovery. If the people of the era were really in recovery, they wouldn't have been forced to do without many of the goods they needed.

I agree that real recovery was not accomplished by WWII from the economists view (except some Keynesian economists) but by many historians. Most historians not having a background in economic theory.

This wartime, market intervention, print and spend practice of Keynesian economics is still in use today. The biggest difference is the scale of spending, MOPE and manipulation used by central banks and governments in creating the same illusion. Bigger economy, bigger effort required. Along with that is the absolute devastating effects on savers vs. investors.

Dad, the Dems, the Prospector, and His Old Friend By Lloyd Marcus

My 86-year-old preacher dad told me a great story. Surprisingly, it was a new parable rather than one dad forgot that he told me numerous times before.

Dad said a prospector worked his land digging for gold. Every Saturday, the prospector would take his gold/gold dust to town and cash it in. One Saturday, he bumped into an old high school friend who had fallen upon hard financial times. The prospector graciously invited his friend to bring a shovel and dig for gold on his land. Generously, the prospector told his friend that he could keep all the gold he uncovered.

Come Monday morning, the prospector's friend was a no show. The friend did not show up the entire week. Cashing in his gold on Saturday, the prospector saw and approached his friend, “What happened? I looked for you all week.” The friend replied, “Do you know how much a shovel costs these days?”

Dad burst into laughter at the trifling attitude of the prospector's old friend. I laughed with Dad while seizing the opportunity to tell my lifelong Democrat father that the same trifling attitude is promoted by the Democrats disguised as compassion and is embraced by millions.

The prospector's behavior is Republican, offering his impoverished friend (the poor), not a handout, but a golden opportunity. He offered his friend the dignity, self-respect and joy of earning his own living with endless possibilities. Remember, the old friend was told he could keep all the gold he uncovered.

The old friend's behavior is that of an Obama, Democrat, Hollywood and MSM (mainstream media) indoctrinated entitlement junkie. How dare his rich prospector friend expect him to acquire a shovel. The prospector is obviously white, out-of-touch, racist, sexist and homophobic. This prospector seems like the kind of jerk who thinks it reasonable to expect all Americans to show an ID to participate in the American privilege of voting.

Upon further consideration, the filthy rich SOB prospector is probably Republican, conservative and Christian. No wonder the insensitive selfish hate-filled jerk prospector expected his old high school friend to get a shovel without government assistance and show up for work.

Folks, the Democratic Party would place the prospector's old friend who lacked the initiative to acquire a shovel on a level just below sainthood, considering him to be the victim/hero in the story. This is the way Democrats view minorities and the poor; expecting very little, refusing to hold them accountable for any of their socioeconomic woes.

As a mater of fact, the less initiative and self-reliance the better. Democrats simply keep the barely-enough-to-get-by handouts coming, gin up class envy and hatred for the prospector; and promise to punish him. Their sheep, who are in sync with their master's voice, continue to vote Democrat.

If you dare suggest that people stop defrauding the government with false food stamp and disability claims; that blacks stop dropping out of school, shooting each other in epidemic numbers and stop having babies out of wedlock, the Democrats will vilify you. Their response is “Easy for you to say,” you racist insensitive jerk.

The Democratic Party advocates lowering the bar culturally, morally and in every area of American life. The Left/Democrats deem any suggestion of holding people to a standard as mean-spirited, racist, and judgmental -- and dare I say, Christian.

Back to the prospector: the Left would argue that because the dirt road to the town where the prospector cashed in his gold was etched by wagon-wheels, horses and the foot steps of many, the mayor should confiscate the prospector’s gold and share it with everyone.

Remember when Obama scolded small business owners for taking pride in building their businesses? Obama said, “You didn't build that.” Obama claimed that government built roads providing infrastructure for business to operate, thus making it only fair that he redistribute wealth. Deadbeats like the prospector's old friend stood up and cheered, “Obama!..Obama!”

Clearly, the prospector, the Republican, is the good guy in my dad's story. He showed real compassion for his old high school friend by offering him a “hand up” rather than a “handout”.

By addicting as many Americans as possible to government assistance, Democrats increase their political power. Their tried and true tactic is to brand the prospector as the devil, kick him in the teeth and encourage their ill-informed duped base to do the same. Insidiously evil.

For this reason, I am a black conservative/Republican

Lloyd Marcus, The Unhyphenated American; Chairman, Conservative Campaign Committee

CNN: ISIS Advancing On Two Fonts…

#ISIS has declared war on comic sans and calibri. Advancing on two fonts. Come on, @CNN get your life together.

There will be Helvetica yet to pay…