haha
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
that political trends are not the most important issues facing retirees and investors today.
Ha
Ha
No one ever said political trends related to money and investing were off-limits. At least if they can stick to the issues without becoming a partisan or ideological mosh pit.
No one ever said political trends related to money and investing were off-limits. At least if they can stick to the issues without becoming a partisan or ideological mosh pit.
Well, that could be a problem if someone's not capable of discussing without insulting or name-calling toward others who disagree with them. Keep it civil and there's no problem.Seems to me that when you have one group of people taking money from another group of people, it's hard to avoid the mosh pit. This is pure class warfare.
The issue is that the US is taking the biggest left turn since FDR.
Ha
...........-ERD50 (when I saw that title, I thought haha was announcing that he was coming "out of the closet"!)
Wearing what?-ERD50 (when I saw that title, I thought haha was announcing that he was coming "out of the closet"!)
It's hard to gauge, I think, because there were so many moving parts to the actions taken after the '29 crash.I've heard some "talking heads" mention recently that the FDR programs extended the depression rather than help.
I'm not sure it can be measured with any reasonable degree of certainty one way or the other. Maybe someone can help with a reliable reference on this?
Wearing what?
that political trends are not the most important issues facing retirees and investors today.
Ha
Early on, they did a lot of things most economists today believe were bad ideas in a deteriorating economy -- raise taxes, allow the money supply to contract and institute protectionist policies, among other things.
Early on, they did a lot of things most economists today believe were bad ideas in a deteriorating economy -- raise taxes, allow the money supply to contract and institute protectionist policies, among other things.
There's other things that are better now, too.So, if I understand current events, we are doing 2/3 of those bad ideas now, to some degree (raise taxes and "Buy American"). I'm a dummy when it comes to money supply, but I guess the bailout money and low interest rates are meant to increase money supply . If that is correct, we are doing something OK there, maybe.
There's other things that are better now, too.
Imagine what we'd be going through today if there was no FDIC insurance on bank deposits.
And social security which was a very good idea. Read all about it: Social Security Online
It called upon the federal government to guarantee every family in the nation an annual income of $5,000, so they could have the necessities of life, including a home, a job, a radio and an automobile. He also proposed limiting private fortunes to $50 million, legacies to $5 million, and annual incomes to $1 million.
"We can never insure one hundred percent of the population against one hundred percent of the hazards and vicissitudes of life, but we have tried to frame a law which will give some measure of protection to the average citizen and to his family against the loss of a job and against poverty-ridden old age."--
President Roosevelt upon signing Social Security Act
Puh-leeze. "the biggest turn left since FDR" I guess you forgot Nixon's wage and price controls and Reagan's Earned Income Tax Credit.
The current operative meme on the Right seems to be to kill Social Security. The banksters HATE Social Security because it is a slice of wealth that they cannot get their hands on. It is outside their system.
GWB and certain Republicans, most lately Eric Cantor and his ex-Goldman Sachs VP wife, want the banksters to "manage" that money. Do not let them pull the wool over your eyes.
If you feel like Soc.Sec. is giving you too much please donate it to the charity of your choice. Otherwise I cannot think of a worse thing to dismantle in times like these. For what? So that people can take the money and go back to spending on cars and houses they don't need? With the R-proposed $15k house tax credit??
Every one of the Powers That Be wants to go back to the status quo ante of market borrowing and spending. If that won't happen, they will try to force it to happen. This is beyond left and right.. they all want to restart the debt machine. They will force private borrowing and when that is exhausted they will force gov. borrowing. It doesn't matter whether it is for wars or trains or houses.. the important thing is to grow the aggregate debt.
If you feel like Soc.Sec. is giving you too much please donate it to the charity of your choice.
If you feel like Soc.Sec. is giving you too much please donate it to the charity of your choice.