T
Tim McNamara
Guest
Jay Beattie wrote:
> On Nov 7, 8:17 pm, Tom Sherman <[email protected]>
> wrote:
>> Strange how things getting worse in the US in recent decades
>> correlates so well with Republican electoral success, and their
>> efforts to undo the New Deal and other progressive policies.
>>
> It is true that most of the major recessions have occurred during
> republican administrations over the last 70 years (except for periods
> during the Kennedy and Carter administrations) --
The latter was inherited from Ford, though. I don't remember the
Kennedy Administration as my earliest childhood memory is his assassination.
> but don't forget that the biggest recession of them all persisted
> through all of FDR's administration, and the New Deal did not stop
> it. The war stopped it. Of the surviving New Deal programs, only
> Social Security is all that progressive, and maybe the Fair Labor
> Standards Act. The FDIC is important, but not to low income people.
>
> Sure, the economy is in the tank, and Bush is bad -- but you really
> don't know about "things getting worse."
The economy is hardly "in the tank." It's not astonishingly good, but
we don't have mass unemployment, Hoovervilles and bread lines either.
We're not even in a recession yet let alone a depression. I'll grant
you that Bush is bad, though. It will take decades to undo that damage
he and his cronies have wrought on the political landscape- and a few
years to undo the damage that greedy idiots did in the mortgage and
housing industries.
> They were far worse in the 30s/40s, and notwithstanding the
> prosperity of parts of the 50s (Ike had some terrible recessions in
> there), it was a very nervous time with all the "duck and cover"
> stuff. There was incredible anguish in the '60s with the civil rights
> movement, leaders getting killed left and right. We had disco in the
> '70s -- a plague from God. There was huge inflation in the 80's with
> mortgage rates in the double digits, etc. The existence of a "golden
> age" is merely a matter of personal perception, and is often
> unrelated to the economy or hard economic indicators.
Or reality. The 50s America that the Republicans have been trying to
get us back to since 1980 never existed in the first place.
> On Nov 7, 8:17 pm, Tom Sherman <[email protected]>
> wrote:
>> Strange how things getting worse in the US in recent decades
>> correlates so well with Republican electoral success, and their
>> efforts to undo the New Deal and other progressive policies.
>>
> It is true that most of the major recessions have occurred during
> republican administrations over the last 70 years (except for periods
> during the Kennedy and Carter administrations) --
The latter was inherited from Ford, though. I don't remember the
Kennedy Administration as my earliest childhood memory is his assassination.
> but don't forget that the biggest recession of them all persisted
> through all of FDR's administration, and the New Deal did not stop
> it. The war stopped it. Of the surviving New Deal programs, only
> Social Security is all that progressive, and maybe the Fair Labor
> Standards Act. The FDIC is important, but not to low income people.
>
> Sure, the economy is in the tank, and Bush is bad -- but you really
> don't know about "things getting worse."
The economy is hardly "in the tank." It's not astonishingly good, but
we don't have mass unemployment, Hoovervilles and bread lines either.
We're not even in a recession yet let alone a depression. I'll grant
you that Bush is bad, though. It will take decades to undo that damage
he and his cronies have wrought on the political landscape- and a few
years to undo the damage that greedy idiots did in the mortgage and
housing industries.
> They were far worse in the 30s/40s, and notwithstanding the
> prosperity of parts of the 50s (Ike had some terrible recessions in
> there), it was a very nervous time with all the "duck and cover"
> stuff. There was incredible anguish in the '60s with the civil rights
> movement, leaders getting killed left and right. We had disco in the
> '70s -- a plague from God. There was huge inflation in the 80's with
> mortgage rates in the double digits, etc. The existence of a "golden
> age" is merely a matter of personal perception, and is often
> unrelated to the economy or hard economic indicators.
Or reality. The 50s America that the Republicans have been trying to
get us back to since 1980 never existed in the first place.