Except it was WWII that saved America, not FDR`s New Deal.
Fast forward to 2009. The liberal establishment is labeling the current credit crunch and WallSt crisis as another great depression. Now its up to Franklin Delano Obama to save America.
BARF!
Read the Wall Street Journal editorial today about the disaster coming for Medicare and Medicaid, and now Obama will add huge additional government healthcare costs.
I quickly found a 2004 LA Times article identifying the same huge upcoming funding disaster, and discussing that teh politicians are all ignoring this and promising to spend more.
Train wreck acoming. Then they will say it’s a nice train wreck.
40% of an American taxpayers wages is already taken by some kind of tax or government fee. On top of that, other expenses are attached to government regulations.
Oboma is going to have to demand blood from stone. The taxpayers are already making their bricks without straw.
This Oboma take over isn't going to be pretty.
And all that FDR did was prolong the depression by about 7 years with his "New Deal" crapola. FDR was just a socialist. FDO is an out and out Marxist/Communist. We ain't seen nothin' yet folks. Hang on...
Except it was WWII that saved America, not FDR`s New Deal.
it saved america because only during a total war (and not just any war) can you raise tax rates to the max and still get total production. Usually when you raise taxes, there’s a Laffer effect. People decide to work less or hide their money in tax shelters. But everyone contributes to the ‘cause’ during a real existential crisis.