> Reminder: As the economy was falling apart at the seams in 2009 Obama focused all of Washington's attention on Healthcare Reform

We will start hearing lots about it closer to November.

wrote:

DEMS thought the stimulus would fix things.

I know, I think we were all surprised that a trillion dollars in handouts to unions didn't fix the problem.

wrote:

DEMS thought the stimulus would fix things.

Good afternoon KC.

What on earth ever made them think that when government spending has never fixed anything throughout human history?

Otis Fudfuqer wrote:

Good afternoon KC.

What on earth ever made them think that when government spending has never fixed anything throughout human history?

without "government spending" we'd still be in caves or teepees hunting and gathering

how the fuq do you think everything got built?

wrote:

without "government spending" we'd still be in caves or teepees hunting and gathering

how the fuq do you think everything got built?

You are hopeless.

From the right wing UCLA http://newsroom.ucla.edu/portal/ucla/FD … -5409.aspx

http://www.lewrockwell.com/woods/woods125.html

The economic situation in 1920 was grim. By that year unemployment had jumped from 4 percent to nearly 12 percent, and GNP declined 17 percent. No wonder, then, that Secretary of Commerce Herbert Hoover ? falsely characterized as a supporter of laissez-faire economics ? urged President Harding to consider an array of interventions to turn the economy around. Hoover was ignored.

Instead of ?fiscal stimulus,? Harding cut the government?s budget nearly in half between 1920 and 1922. The rest of Harding?s approach was equally laissez-faire. Tax rates were slashed for all income groups. The national debt was reduced by one-third. The Federal Reserve?s activity, moreover, was hardly noticeable. As one economic historian puts it, ?Despite the severity of the contraction, the Fed did not move to use its powers to turn the money supply around and fight the contraction.?2 By the late summer of 1921, signs of recovery were already visible. The following year, unemployment was back down to 6.7 percent and was only 2.4 percent by 1923.