DUmmies Discuss Roosevelt Depression

[GOBUCKS]

monmouth  (1000+ posts)        Thu Dec-03-09 04:50 PM
Original message
Interesting Stats from 1940..
Received this in an e-mail re "The Year You Were Born"..



Federal spending: $9.47 billion
Federal debt: $50.7 billion
Consumer Price Index: 14
Unemployment: 14.6%
Cost of a first-class stamp: $0.03

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x7148579
And, in 1940, who had been president for nearly EIGHT YEARS? Oh, yeah, the socialist Roosevelt, who DUmmies believe saved us from the Depression. They blame the Depression on President Hoover, who by 1940 had been out of office for nearly EIGHT YEARS.

Traveling_Home (1000+ posts)      Thu Dec-03-09 05:09 PM
Response to Original message
1. Unemployment that high?

   

 

nadinbrzezinski  (1000+ posts)        Thu Dec-03-09 05:11 PM
2. Yes, it was the tail end of the Depression and on the way down 
from 1938

Yes, DUmmy nadinbrzrahzinnzhiski is right, it was the tail end of the Depression. One wonders what effect Roosevelt socialism would have had in subsequent years, had it not been for the onset of WWII. Something tells me 1940 would not have been the tail end of Depression, without that horrible war.

[Mike220]

Bush's fault. 

[franksolich]

What might blind the primitives with illumination is the experience of Great Britain and France emerging from the Great Depression, as compared with the United States.

Both Great Britain and France came out of it years earlier than we did.

Great Britain and France chose to not tinker with things, to let things run their course naturally, without governmental intervention, other than adding sixpence or a few centimes to the weekly unemployment dole.

Here, Roosevelt intervened right and left in the economy.

Meaning that the Great Depression lingered on and on; what few recall is that 1937 was one of the worst years.  And that by the eve of American involvement in the second world war, unemployment was still higher than it had been before September 1929.....while the British and the French had been out of it for some years.

[AllosaursRus]

It also gave us the likes of Bonnie and Clyde, Machine Gun Kelly, Pretty Boy Floyd, John Dillinger, and Organized Crime! What a guy that Roosevelt was!