Message from @sɪᴅɪsɴᴏᴛʜᴇʀᴇ
Discord ID: 534026925593853982
bye
Pce
I can’t give a source as you even said military spending
which is what I say above
It’s inflated as it did not go towards consumer goods
I think we should abolish the presidential term limit so trump can run in 2024 and so on
As much as I like Trump, he would be a bad president if he kept on running
How?
Because presidents only get 2 terms
And when he dies, do you really want Hillary Clinton's best buddy in office for 20 years?
Franklin got 4 and he did amazing
And he was a dem
That was before the Constitution said you only get 2
And let’s be honest, when trump does Kanye, Trump Jr. or another republican will take over and that’s one of the only things I’m against in the constitution
@ParadiseRacer24 FDR was terrible
that guy was a economic catastrophy
And the Japanese internment
Terrible? How. The new deal brought us out of the Great Depression, served as an amazing general for World War Two and the people loved him so much he got elected 4 times
@ParadiseRacer24 no he didn’t
He extended the depression
The new deal was a disaster that extended the Great Depression , like always government intervention delays recovery. Just like what happened in 2008
I’m not saying the new deal is the best thing ever, but it gave people jobs, it’s better than what Hoover did
Hoover did the exact same thing but FDR did it 10x worse
It gave people jobs , barely
Real unemployment and the unemployment itself was much higher
It also prolongated the recession
Yet GDP growth was the fastest in YS history for most of his presidency
Interventions in the wartime economy, war materiel was valued incorrectly and therefore the GDP data overstate economic conditions. Moreover, conscription and arms production gave a misleading employment picture. Instead, the war was a period of capital consumption rather than capital accumulation. Tanks, bombs, and helicopters have limited uses outside of military applications. The labor that was used to produce them was not available to produce consumer goods and services; in fact, people went without consumer goods.
Soon after that however, a bust occurred with very low negative gdp growth
So if anything, the GDP growth is inflated and the recession did continue through WW2.
Being delayed over a decade
I don't think recovery was delayed until after WW2
I do
Even the largest Keynesian stimulus failed
and that says something
well how would you explain away the US' crazy industrial capabilities before the war
What do you mean?
goods can't be produced without money
doesn't mean it wasn't still in a depression