Medicare for all s**m.
Apr 23, 2019 12:11:05 #
Bill 45 wrote:
A Libertarian are you. That explain a lot. Libertarian are in never never land with the anarchy. A republic is only a country without a king. Well who said what is mandated in the Constitution? We did let private enterprise run things in the 1920s and before and what happen in 1929 & 30 because of that?
First, I stated I was a Libertarian at heart, but a Conservative practically speaking. I reside in "realville", not Never Never Land.
You display raging ignorance when you state that a "republic is only a country without a king". To what end are you referring? We're a republic, because our Founders knew that democracy was mob rule. The debate in the 1780's was about the form of a democratic-type government. A king was never in the mix. The Europeans maintained a near constant state of war, because of the spats between royal families.
In the 1920's Calvin Coolidge only managed to restrict the growth of government after the spending debacles during the Great War. He gained the moniker "Silent Cal" because he proposed no major government growth policies.
The problems caused in the late 1920's owe themselves entirely to the Progressive attitudes and policies of Herbert Hoover. The stock market crash was the result of the Fed "tight" monetary policy. That policy denied capital to companies needing private market loans to continue expanding the economy. The stock market had recovered almost all its losses by mid-1930. It is a grossly misstated myth that shoeshine boys were borrowing money on margin, causing the 1929 crash. That's more Progressive BS.
Hoover, despite being advised not to, signed the Smoot-Hawley Tariff Act, which started a tariff war, and created a world wide recession. When the economy failed to improve, he implemented government programs which were guaranteed to exacerbate the recession.
FDR ran as a pro-business, low tax candidate, and was elected on that platform. However, he immediately implemented, or expanded many of Hoover's bad ideas, raised taxes, and the "Great Recession" became the "Great Depression", and lasted until around 1947, when Truman's "Fair Deal" ideas were defeated, and the economy allowed to recover. The entire period of WWII did not "cure" the Great Depression, because folks didn't accumulate any wealth, and the economy was geared nearly all to the war effort.
You obviously missed the days when republican government, free markets, and capitalism were taught in school.
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