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Post by AztecWilliam on Jul 7, 2012 10:43:36 GMT -8
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Post by aztecwin on Jul 7, 2012 11:47:03 GMT -8
Wow! From the NYT? They paint a pretty bleak picture for Obama. Makes you wonder where the numbers in some of these political polls are coming from. Obama is history if something does not happen to help him soon.
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Post by AztecWilliam on Jul 8, 2012 0:55:39 GMT -8
Wow! From the NYT? They paint a pretty bleak picture for Obama. Makes you wonder where the numbers in some of these political polls are coming from. Obama is history if something does not happen to help him soon. But if he wins with his presidency in such sad shape, what does that say about the American electorate? Three and a half years into his term and things are really bad. Look back at FDR. The unemployment rate was still above 10% in '36 when he won 47 of 48 states. The difference is that the U.S. economy, in the fourth year of the Great Depression (i.e., 1934) did make a noticeable recovery. Things were still rotten, arguably more rotten than today (though we may not be as far ahead of the early thirties as we think). But '34-'36 were better than '30-'33, and the American public could sense that. Also, they warmed to FDR, despite his patrician background and demeanor, more than people have warmed to Obama. They liked Franklin and they also had faith in his policies. Supposedly, people still like Obama (though I doubt they have truly warmed to him), but they have lost faith in his policies. (I will say this. The U.S. economy plunged again in late '37 and all of '38. The GOP gained something like 80 seats in the House that year. Had there been a presidential election, they might very well have won that, too.) Azwm |
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Post by JOCAZTEC on Jul 8, 2012 6:51:28 GMT -8
The plunge came as a result of the 15.3% social security tax. It was assessed on all gross wages and small business incomes in 1937. With roostervelt being anti-business, and just after California slapped the sales and use tax on all sales, this "osamatax" extended the depression even through the war.
The events of roostervelt and osama appear exact. You'd have to assume then, that a world war will be with us in 2016, if osama gets re-elected.
HAM Tax
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Post by AztecWilliam on Jul 8, 2012 12:37:29 GMT -8
The plunge came as a result of the 15.3% social security tax. It was assessed on all gross wages and small business incomes in 1937. With roostervelt being anti-business, and just after California slapped the sales and use tax on all sales, this "osamatax" extended the depression even through the war. The events of roostervelt and osama appear exact. You'd have to assume then, that a world war will be with us in 2016, if osama gets re-elected. HAM Tax One author I read claimed that the Depression actually extended until 1943. That is a bit longer than I would have thought; it's always seemed to me that by 1941, or 1942 at the latest, the economy was in full recovery. But the main thing is that during the 1930s, FDR tried a whole lot of things that did not work. Oh, yes, another thing I read was interesting. Namely, that World War Two did not end the Depression so much as it ended the New Deal. AzWm |
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Post by JOCAZTEC on Jul 9, 2012 6:56:49 GMT -8
If you really, really want to know what ended the depression then consider these factors.
1. the horrors of WWII and returning to work a job was a "luxury".
2. that roostervelt finally let business help the lazy government, and succeed in producing airplanes, ships, guns etc. laid out a new foundation for businesses to take the emerging growth of the airline industry from propellars to 747s.
3. the fat government and big business finally had to listen to the little guy. Once though, only once. They started lending SECURED property loans to allow home ownership in about 1950 or so. This moved the young couples away from the landlord, made them feel secure, wives were happy, and whallah! Baby boom. Construction, banking and doctoring industries were boosted too.
4. Eisenhower gave us the only thing the US government has ever gotten right. The interstate highway system. More car production and credit card companies giving out free credit, and the new "energy" to feel excitement to travel and see America! American workers and management were having fun, again.
If you'll notice that none of the above is a government osama hand out?
Oh, except the federal income taxes were codified in 1952...they just couldn't leave us alone...
All of the above started to go in cycles and every time there was a tax cut, the economy grew, and every time there was a tax increase the economy declined. Flat taxing killed much of the private sector and particularly the innovations of small businesses and made it imperative for individuals to speculate to make ends meet. The governments began to tinker with the cycles. They'd rev up the real estate market so that the local and State governments could "over" assess real estate property taxes and when Jarvis tried to keep them from doing this, the real estate boom and bust cycles became a government war on its own people. Up and down, tighten credit, loosen credit. Each cycle got larger and larger until now.
Your call.
HAM Tax
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