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To: 1010RD
They reject as thoroughly discredited all of Keynesian economics, including the efficacy of fiscal stimulus, preferring the budget-balancing economic policies that turned the 1929 stock market crash into the Great Depression.

How long can liberals continue to lie about Hoover? No one made any attempt to balance the federal budget until 1937. During the first eight years, Hoover followed by Roosevelt, increased federal spending and made the deficits larger.

Eventually, FDR would try to rein in spending, but with a growing GDP, spending actually increased even as the budget was balanced for a short time.

5 posted on 09/13/2011 3:39:40 AM PDT by BfloGuy (Keynesians take the stand that the best way to sober up is more booze.)
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To: BfloGuy

Taxes soared out of control during the depression. That alone was a major cause of the depression. The author is ignorant.


8 posted on 09/13/2011 3:44:10 AM PDT by ProtectOurFreedom
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