[STONEWALLS]

“Are there any books available on how ‘Main Street’ businesses reacted to FDR’s policies?”

....I don’t know except that Main Street was slow to react to the Crash of ‘29 because at first there was no noticable change across Anerica....the attitude was “so what if Wall Street crashed, Main Street is still OK”...then slowly thru 1930 and 1931 and half of 1932 things got worse and worse and worse....I think that’s where we are today....it’s a slow spiral down and down until a bottom is finally in.

......I appalaud your rejection of Obamanomics and wish you well.

[SoCal Pubbie]

As I understand it The Great Depression really began not in 1929 but late in 1930, when bank failures, particularly the Bank of the United States, started to effect everyone, not just those in the stock market. It is my view we would be much worse shape today without the FDIC in place because the same thing would have happened in 2008 and 2009, and a huge panic, much worse than we've seen, would have already taken place.

Others may disagree, and debate the value of the FDIC as a government program, or suggest better ways to provide the same security, but that's how I things as they are right now.