Small Business Confidence At 8 Year High!

[Aquila]

Clearly if Obama had anything to do with it... it was a last minute boost to try to help Democrats win. Or... it could be increased confidence due to massive Republican (pro-business) victories across the country.

[Jito463]

Originally Posted by n david

Ah yes, Bush's auto bailout. Oh, you remember it was Bush and Paulson that got the plan rolling on the bailouts during the 2008 campaign, right? This wasn't obama's plan. They invited McCain and obama to the meetings while the plans were being worked out. I disagreed with Bush then and I still disagree with the bailout.

I agree, Bush was wrong then just as Obama was wrong with the so-called "stimulus". Still, I'd take Bush over Obama any day of the week.

[aegsm76]

Originally Posted by Jermyn Davidson

I bbrought up the Great Depression because it is a clear example from history of what the Federal government should do when our country gets in trouble like we were-- it's a sterling example for the need of stimulus, something our President initiated to help keep the eceonomy from tanking even further.

Also, keeping mortgage rates down is another thing I can think of as something the Obama Administration has done to help the economy.

The GM bail-out also helped the economy.

We're also less dependent on foreign oil than we've ever been and this Administration plays a part in that as well.

JD, I haven't followed the thread, but WW2 is what saved this country from the Great Depression.

[Jermyn Davidson]

Originally Posted by aegsm76

JD, I haven't followed the thread, but WW2 is what saved this country from the Great Depression.

Federal spending is federal spending.

Economists say that it was federal spending that brought us out of the Great Depression and that it wouldn't have gotten so bad if the feds had stepped in earlier in the disaster.

[n david]

Originally Posted by Jermyn Davidson

Federal spending is federal spending.

Economists say that it was federal spending that brought us out of the Great Depression and that it wouldn't have gotten so bad if the feds had stepped in earlier in the disaster.

Who are these economists? The federal spending of FDR's New Deals did nothing to end the GD.

After seven years of New Deal-era explosions in federal debt and spending, the U.S. economy was still flat on its back, and misery could be seen on the street corners. By 1940, unemployment still averaged a sky-high 14.6 percent. That’s some recovery.

In the 1940s, government spending did indeed surge. The federal share of gross domestic product (GDP) rose from less than 12 percent in 1941 to more than 40 percent in 1943-45. In other words, almost half of everything that was produced in the nation was to fight the war. Domestic spending on many FDR New Deal programs in education, training and social services dropped more than 90 percent.

The real issue is what caused the economy to surge after the war was over.
This story is also not covered in the history books. Shortly after his third re-election in 1944, and at a time when the outcome of the war was no longer in question, FDR and his domestic advisers plotted a “new” New Deal with such spending items as national health insurance. The Keynesians were sure that the massive reduction in government spending would catastrophically tank the economy.

Here’s what happened. Government spending collapsed from 41 percent of GDP in 1945 to 24 percent in 1946 to less than 15 percent by 1947. And there was no “new” New Deal. This was by far the biggest cut in government spending in U.S. history. Tax rates were cut and wartime price controls were lifted. There was a very short, eight-month recession, but then the private economy surged.

Here are the numbers on the private economy. Personal consumption grew by 6.2 percent in 1945 and 12.4 percent in 1946 even as government spending crashed. At the same time, private investment spending grew by 28.6 percent and 139.6 percent.

In 1946, the unemployment rate averaged below 4 percent, and it stayed that low for the better part of a decade. This all happened during the biggest reduction in government spending in American history under President Truman.

In sum, it wasn’t government spending, but the shrinkage of government that finally ended the Great Depression. That’s what should be in every history book — but isn’t.

JD, government spending is never the solution.

President Ronald Reagan said it best, and you should remember this: "In this present crisis, government is not the solution to our problem; government is the problem."

[Fionn mac Cumh]

Originally Posted by n david

Who are these economists? The federal spending of FDR's New Deals did nothing to end the GD.









JD, government spending is never the solution.

President Ronald Reagan said it best, and you should remember this: "In this present crisis, government is not the solution to our problem; government is the problem."

Good ole RR. Remind me again what the national debt was before and after Reagan. O and while your at it, please remind me what RR did with the capitol gains tax rate.

[Esaias]

Do any of you people actually own a small business? I do. And no, I don't like Ozero. In fact, like MOST business owners I know, gubbamint seems to be the number one threat to the American dream I know of. In my opinion.

[shazeep]

same as it ever was...including the GD, caused by tightening the "money" supply, just like right now...the Rothschilds of the world are in hog heaven now, as then. Oh btw, you guys know that Glass-Steagall--the enactment of which brought us out of the GD, and the repeal of which entered us into this one--was (briefly) revived, but was immediately gutted again.

Your Gov kowtows to money; it is their god. If it is your Gov, it is your god, too. And of course the kicker is that it isn't even real money now!