TweetThis is what worries me the most. The stimulus has not worked and will not work, and it didn't work when FDR used it either, but these politicians worship Maynard Keynes which means they will keep spending. I can't even stand to debate it anymore. How hard is it to understand that when you are in debt the solution is not to go more in debt. Anyone who has studied the Great Depression and has half a brain should be aware that the New Deal pushed us into the Depression not out of it. During the stock market crash of 1929 unemployment never exceeded 9%, yet after FDR took office and started his new deal it shot up to a high of 24.9%. Below are the actual numbers.
1930 8.7%
1931 15.9%
1932 23.6%
1933 24.9%
1934 21.7%
1935 20.1%
1936 16.9%
1937 14.3%
1938 19.0%
1939 17.2%
The media and schools will spin it to make it sound like the New Deal saved us but that is not true. Now, isn't it interesting that under Obama the unemployment has gone up even after ****ive stimulus that was said to be immediately necessary to prevent us from going above 8%. In fact it went up to 10% after much of the spending occurred. They just don't get it, or they do get it but want to destroy the country to bring about ****ive socialism. At any rate, until the spending stops and businesses have a clear idea of what tax rates and regulations lie ahead we will continue on a downward trend.