Comments by "whyamimrpink78" (@whyamimrpink78) on "Bernie Tells The DNC How To Not Suck" video.

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  19. " Hoover's and Congressional first major relief acts didn't even get signed until about 12-18 months after the crash.... So your speculative claim doesn't work" Oh but it does. Having Hoover in office knowing that they were going to pass the relief is enough to scare businesses away. No different than having Obama in office knowing he wanted bailouts. Now that Trump is in office the atmosphere is different as businesses know he will not support economic killing reform. A comparison can be with guns. After a mass shooting under Obama the issue of gun control was pushed a lot because Obama was creating the atmosphere for it. But now under Trump we are seeing that after Vegas and the Texas shooting the issue is dying quickly. It is all about the atmosphere. " Hoover's major issue , and one that made him different from FDR, is that Hoover raised American tariffs opposing the advice of almost all leading economists." Tariffs have been raised in the past in recessions and things were fine. FDR lowered the tariffs and we still had a depression. "So that type of government intervention was a failure, BUT went against almost all advice from economists" I doubt all. Economists disagree a lot. If you want to look at economics FDR's ideas are not good according to a lot of economists and the numbers show that. But again, there are economists who will agree with FDR at that time and even now. So to claim all is a stretch. "Most economists and historians agree that public works projects and WW2 (which also required HUGE government investment) played key roles in getting the US put of the Great Depression." I agree, but here is the difference. There you are actually producing something people value. During the war other countries valued our goods we produced which created wealth. That is key in economic growth, you have to produce and spend money on things people value. FDR, like most Keynesian supporters, just want to spend as they feel it will generate growth. Obama was the same way. That does not generate growth though. What does is producing wealth that people value. If the federal government are hands off local governments and private industries will produce wealth that people value growing the economy and making society better.
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