Comments by "whyamimrpink78" (@whyamimrpink78) on "Democratic Socialism and Foreign Policy | Bernie Sanders" video.

  1. +Tyler Peterson And under FDR a recession turned into a depression.
    1
  2. +Paul Kent Every recession except for two were recovered from in around 5 years or less. We did so with little to no federal government actions. The two that took the longest to recover from is the one we are currently in (8 years so far) and the great depression. FDR took over 4 years after the recession started. If left alone we would have recovered. Instead he decided to spend and add new regulations which prolong our recovery to ultimately it took the war and his death to recover from. FDR turned a recession into a depression.
    1
  3. WWII forced the federal government out of domestic spending and the economy and shifted their focus to what their main job is, foreign affairs. FDR turned a recession into a depression and is a great example how Keynesian economics does not work. It never ceases to amaze me how people thought FDR was good when under him we had a depression.
    1
  4. The recession was under way with slow recovery due to actions by Hoover, such as government spending. This country has seen multiple recessions and every single one of them, except for two, we recovered from in around 5 years or less with little to no actions by the federal government. That includes the one in 1921 where Hoover was asked to come up with a plan to "fix" it. When he came up with it the recovery was underway so the federal government ended up doing nothing. The two times we saw slow recovery was during the great depression and the one now. Both had times when the federal government did a lot of domestic spending. If spending was so important then under Obama we should be seeing a boom. We haven't even seen a recovery. FDR expanded what Hoover did hindering growth so much that a depression took place. The war got us out because it forced the federal government out of domestic spending and purely on spending it is allowed to do according to the constitution, mainly on foreign affairs and the military. Every other country was at war thus the US spent on things that other people valued which is how wealth is generated. Spending just to spend does nothing, you have to generate wealth. Wealth only exists if people perceives something to have value. In this case foreign nations valued weaponry thus wealth was created. FDR turned a recession into a depression. If it wasn't for the war we would have never recovered.
    1
  5. It started out as a recession. It became a depression due to actions by the federal government hindering recovery.
    1
  6. We had a similar recession in 1921. The federal government did nothing and within a year we recovered from it.
    1