Comments by "" (@jmitterii2) on "WatchMojo.com" channel.

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  2.  @TheJAMF  The republican and democratic parties flipped ideologically about the 1920-1930's and by 1960's they were opposite from the 1860's. Basically, the democrats of the 1800's and early 1900's were regressive pro elite plutocratic oligarchs, while the republicans still pro plutocratic industrialist had a progressive streak that was for ending slavery and developing rail and road and ports and utilities (water, gas, and later to be electricity). Both parties until 1950-60's though were full of bigots. And until 1930, both parties were pro robber baron for the most part, with what is to many irony of Republican Teddy Roosevelt's trust busting and square deal... he later ran again as a third party called the Bull Moose Party. He as president from 1901 to 1909. FDR in 1930's pushed the democrats to be pro union (was actually illegal for most workers to strike or form unions until the National Labor Relations Act ("NLRA") of 1935... often prior unionization was seen as a type of rebellion in some states and counties by their local robber baron who then had their own hired armies war with the unions (term redneck) came about from union workers, particularly the coal union workers as they would protest and strike wearing a red bandana. Called the coal wars, but many collective bargaining wars broke out throughout the country. 1935 made collective bargaining legal and required procedure if a workplace votes to become unionized. And of course social security comes from FDR's administration along with FDIC (bank deposit insurance that will make good on your money if a bank fails), Glass-Steagal Act that separated investment banking from deposit banking (which unfortunately has since been repealed in 2000 hence the crash and now zombie economy of the US since 2008), and many other progressive economic policies started under FDR. Civil rights under JFK and LBJ and medicare started under LBJ, a medical plan for elderly, US Still doesn't have a universal healthcare system. Anyway, that's the short of it as I could make it. In a nut shell, US politics since the nations inception has been essentially two or three robber baron or plutocratic oligarchical parties going at each other with their own agenda, but business always came first... gotta keep those dynasties funded into the centuries. Occasionally, they get a loose cannon candidate or the use a candidate that feigns what the people need and want to get votes. Kind of like still today.
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  6. +Puglous That's not what happened at all. FDR and Congress created Glass-Steagal Act which put firm laws on deposit banking and speculative investment banking, created social security, created FDIC which protects deposits up to $250,000 from bank defaults, and many more programs that helped our country out of right wing oligarchy plutocracy nightmare that this country had been suffering under since its inception, and even more so under industrialization and the exploits of the 1860's to early 1920's robber barons. Essentially, socialism saved capitalism from the capitalists. Because our socialism is a mixed market social-capital system. You go complete capitalism and you'll have a country in a perpetual state of underdeveloped shit hole with daily riots, extreme crime including many ransoms everyday on people who just appear wealthy, and of course outright civil war. What happened that may have made the depression a little longer was the Federal Reserve which is separate from the presidency in which, the chairman and the rest of the voting chair people voted to raise interest rates too early; which caused a double dip recession period. It's the reason why the current Federal Reserve has kept interest rates, the overnight rate, at all time lows. Whether this doesn't have it's own undesirable effects is to be seen as it could just lead us into an ever bigger boom followed by an even bigger bust than the real-estate disaster which of course was a bigger bust than the tech bubble disaster. That's why this problem isn't just monetary, it's structural. The structure of our economy has returned to an oligarchy, a world wide oligarchy that exploits developing countries' labor and in the long run in equilibrium the developed countries people also fall in standards of living. Instead of colonies of old mercantilism, we have perpetual developing countries, forcing even developed countries to strain under the pressure, a few of every country develops and over powering plutocratic elite on everyone else's hard work and lively hood aka standard of living. This type of economics needs to go extinct, just as feudalism had, and not be brought back from the dust bin of history.
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