Comments by "LancesArmorStriking" (@LancesArmorStriking) on "David Pakman Explains the Problem with Medicare for All | Joe Rogan" video.
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@wyattlong8321
That's simply not true.
Conservatives like to "debunk the myth" that FDR helped the economy, by citing the dip or Recession of 1937.
Unemployment spiked from 14.3% to 19%. What they forget to mention, is that FDR inherited an America with 24.9% unemployment.
Even ignoring the fact that government spending— which was central to the New Deal— propelled the U.S. economy by 1941, thanks to the war, FDR brought unemployment down by 6%, at his worst. That, in a single term, is incredible.
I know you don't like admitting it, but he did restore the American economy. America experienced an economic boom under him.
If a fiscally conservative President were elected, Keynesian economics wouldn't have rebuilt Europe, or made America into a superpower.
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@wyattlong8321
Yes, it did. We still rely on the idea today, unless you want to tell me that Trump (and Obama, and Clinton, and Reagan, etc) actually reduced the budget ceiling? Or have you forgotten the word 'deficit'?
Our "greatest period of growth" is a subjective term. GDP was fully fleshed out in the 1930's, so we can't exactly measure "growth" in conventional terms before then. If you have a metric you're using, let me hear it.
That being said, I agree that America expanded massively during that century, but remember this:
-Lewis and Clark were sent out by the Government to chart for them.
-Most "Wild West" towns were sponsored by the Government. Their creation was to increase their Treasury size.
-The 1800's were primarily marked by the creation of the Transcontinental Railroad and the Erie Canal. both Gov't projects.
-When there was 'no regulation whatsoever,' a few robber barons were extremely wealthy, and the rest of America was dirt -poor. Remember tenements? Slums? Political machines? It wasn't called the Gilded Age for nothing. Without regulation, cities were filthy cesspools. People died of starvation, and worked for pennies.
-The Interstate Highway System was (obviously) Government funded and built. We wouldn't be anywhere near where we are today, without it.
About the rest of your comment: if it was geography, then economics had nothing to do with it either way, why mention it?
And yes, it did. What the fuck do you think the Marshall Plan was? A not- government funded handout to stimulate Europe? Do you think the "Free Market" just "swooped in" and made everything better? The Government spent trillions to help rebuild.
I know no one paid the 90% (btw) rate. The effective rate was still much higher than what we're paying for today.
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