Solution to financial crisis...

You're up to your old tricks again, Aaron.

I did not say the depression was all hoover's fault and FDR did nothing wrong.

But the republicans will have a tough time convincing people it was FDR's fault when it started 3 years before he was elected.

I have said repeatedly that I am no economist.

Judging from the posts here I may be the only non-economist here, since everyone seems to have their minds firmly set.

But even knowing as little as I do, it would be hard to convince me the depression was FDR's fault.

Aaron wrote:No one on this forum said the hard times started with FDR and no one denied Hoover's responsibility in the stock market crash or the subsequent 3 years or economic downturn.

Here's a 2 part question for you Sherman.

If FDR was so great and his unconstitutional programs were the saviors you claim they were, Why did the economic downturn continue for 10 years AFTER FDR first won office and why did it take WW2 to end the depression?

I think you completely ignored or missed this post Sherman.

No one has said the depression was FDR's fault. I have said he was responsible for prolonging it and have repeatedly provided links to economist who have said the same thing.

Why don't you have a go at answering the questions?

"...why did it take WW2 to end the depression?"

Please refer to:

www.bloomberg.com

"The Great Depression lasted 43 months, from August 1929 to March 1933."

Well I checked with Bloomberg and they say the Great Depression ran from 1929 to 1933.

I realize you guys all know more economics than I do.

But I doubt you know more than Bloomberg.

No need to try to turn this into a referendum on how much I know because I dont know much.

But my advantage is my ability to recognize that and learn from legitimate sources.

btw this will take you directly to the article, I think...

http://bloomberg.com/apps/news?pid=20601087&sid=ar0v6PP3HCpk&refer=home

Your handicap is you'll grasp onto anything that supports your distorted view of history and current events.

Perhaps you'll take the word of a couple of Bloomberg ace reporters, but I much prefer other sources. There are many to choose from.

For example:

http://encarta.msn.com/encyclopedia_761584403/great_depression_in_the_united_states.html

A quote from that source:

In 1933, at the worst point in the depression, more than 15 million Americans—one-quarter of the nation’s workforce—were unemployed.

is in direct contradiction to assertion made in the article that you posted from Bloomberg.

There are many, many more. I'd like to know just how you found that needle in a haystack......is it being pimped on the Daily Kos or what?

Nope.

Lynn Samuels.

I was not even looking for it.

Lynn did not say it, she just links to other stuff. Kinda like Drudge.

Is it your contention that hard times ended in 1933 when FDR took office Sherman?

sodbuster wrote: Nope.

Lynn Samuels.

I was not even looking for it.

Lynn did not say it, she just links to other stuff. Kinda like Drudge.

Well the notion that the Great Depression ended in 1933 is patently untrue. Perhaps Lynn Samuels, like sodbuster, should pay closer attention to the sources they use.

Well the source is bloomberg.

She merely provided a link to it.

So if the depression ended in 1933, why did FDR have to create the New Deal and all the jobs provided by CCC, TVA and other government agencies that were created jobs with tax payer money resulting in tax hikes on the wealthiest from 25% to 90% and on the poorest that were taxed from 1/2 of 1% to 13% in addition to all other tax increases, including sin taxes, which is why prohibition was repealed?

Well guys I provided a link to the source.

If you want to check out the two reporters who worked on it they are listed at the bottom of the article.

They seem to have pretty good credentials.

But I think everyone will admit the Hoover Depression was an economic catastrophe of great proportions and it took several years after things began to turn around before the economy got back to pre-Hoover levels.

And yes I agree it probably was not entirely Hoover's fault.

His predecessors no doubt contributed to the circumstances that left the nation vulnerable.

They need a remdial American History course. I don't care how good their credentials are.

We're not die-hard republicans who feel a need to protect Herbert Hoover. You want to lay it all on Hoover, go right ahead. FDR prolonged it. If that hurts your feelings, I'm sorry.

FDR did more then porlong the depression. He allowed our country to be attacked and it was his blackmail of the supreme court that forced entitlement programs that right now have this country committed to $60 trillion dollars of unfunded liabilities.

Greatest President my ass.