"I helped create the GOP tax myth. Trump is wrong. Tax cuts don't equal growth."

<yawn>
https://en.wikipedia.org/wiki/Great...a/File:US_Employment_Graph_-_1920_to_1940.svg
Notice the skyrocketing employment that began in 1933, when FDR took office, and DOESN'T INCLUDE WPA employment. You are again just wrong. The reason nominal GDP had not returned to 1929 levels was deflation: prices were still lower than in 1929.

 

in 1929 you had 1.5 million unemployed. In 1940 you had 8 million unemployed!!. Feel silly?

Year
Population
Labor
Force
Unemployed
Percentage of
Labor Force
1929
88,010,000
49,440,000
1,550,000
3.14
1930
89,550,000
50,080,000
4,340,000
8.67
1931
90,710,000
50,680,000
8,020,000
15.82
1932
91,810,000
51,250,000
12,060,000
23.53
1933
92,950,000
51,840,000
12,830,000
24.75
1934
94,190,000
52,490,000
11,340,000
21.60
1935
95,460,000
53,140,000
10,610,000
19.97
1936
96,700,000
53,740,000
9,030,000
16.80
1937
97,870,000
54,320,000
7,700,000
14.18
1938
99,120,000
54,950,000
10,390,000
18.91
1939
100,360,000
55,600,000
9,480,000
17.05
1940
101,560,000
56,180,000
8,120,000
14.45

 

Of course not, because FDR did not become president until 1933, when there were nearly 13M unemployed:

"Year
Population
Labor
Force
Unemployed
Percentage of
Labor Force

1933
92,950,000
51,840,000
12,830,000
24.75
.
.
.
1940
101,560,000
56,180,000
8,120,000
14.45"[/QUOTE]
Proving me, inevitably, right again, and you, inevitably, wrong again.

Feel silly, Jimmy? Feel childish and humiliated? Feel like starting to blub a little bit? Feel like you should never have been born? Feel like you would better employ your time reading and memorizing all my posts, and then posting daily apology messages for the rest of your life?

That's OK. It's only natural when you have realized you are rationalizing and justifying evil.

 

you said Great Depression was over by 1940 and then you learned there were 8 million unemployed in 1940 as compared to 1.5 million before Depression. Sorry

 

I’ve repeatedly shown your ignorance

 

if true the liberal would not be so afraid to present his best example.

 

Every post you make on the subject. Just pick any one at random.

 

of course if true the liberal would be able to say why it is ignorant. Notice, a liberal won't even know that having a reason is necessary.

 

Every post you make on the subject. Just pick any one at random.

 

The Great Depression was definitely over by 1940. Unemployment was plunging and employment skyrocketing, as the graph I posted proves. YOUR OWN FIGURES show unemployment fell by 2.6 percentage points from 1939 to 1940, even has half a million people entered the labor force.

 

3.2% unemployment 1929

14.7% unemployment 1940( and that is with make-work, welfare jobs programs )

libcommie New Deal was greatest economic failure in American History.

 

3.2% unemployment 1929

14.7% unemployment 1940( and that is with make-work, welfare jobs programs )

libcommie New Deal was greatest economic failure in American History. 14.7% unemployment after 11 years of Depression. Capitalism would have brought it back to 3% within a year!! Socialism prevented this!! Now do you understand?

 

I already proved you wrong when you posted this silly nonsense before. Can't you read?

 

FDR's conservatism ensured that the New Deal wasn't a particular success. The US had to wait for WW2 to force Keynesian macroeconomic control

 

That's just your ignorance of American political history and institutions. He had the Supreme Court to contend with. Nothing to do with him being "conservative."

No, it had to wait for WW II to justify massive monetary expansion.

 

We both know you're ignorant of the economics. FDR was not a fan of Keynes. Keynesianism was forced on America through world war.

It's conservatism was forcibly eliminated by the need to defend against fascism.

 

totally wrong of course. Keynes advised FDR will his goofy liberal pump priming schemes.

Keynes to FDR:
"But preference should be given to those which can be made to mature quickly on a large scale, as for example the rehabilitation of the physical condition of the railroads. The object is to start the ball rolling. The United States is ready to roll towards prosperity, if a good hard shove can be given in the next six months."

 

sure it was!! we should always make weapons and dump them into the sea as a way to keep the economy growing- right? What could be easier?? why a child could see it!

 

to a liberal, war production means prosperity! if that works imagine how much the economy could grow if we were taxing and printing to make usable consumer items to increase our standard of living instead of weapons!!

 

We both know that's false.

And on your planet, that might even have been relevant.

I'm sure you believe that means something, but I am too tired to figure it out.

 

You made me laugh here!

Try Renshaw (1999, Was There a Keynesian Economy in the USA between 1933 and 1945?, Journal of Contemporary History, Vol 34, pp 337-364) who writes:

"As Eccles pointed out, counter-cyclical spending was really a conservative option which implied 'sustaining government contributions to general purchasing power while the obstacles to private spending are cleared away'. The basic structure and values of capitalism, the ownership and control of the system, would not be disturbed in the long run if such policies were adopted. Yet despite such spending to make good the failure of private investment and so reduce unemployment in 1933-35, and again in 1938-39, almost one in six Americans were still out of work in 1939. In that sense, as Herbert Stein has argued, 'It is possible to describe the evolution of fiscal policy in America up to 1940 without reference to Keynes.

 

And your point would be....?

 

That you're clueless with the economics, obviously. I don't expect a sorry

 

Why clueless? he has a govt libcommie scam just like you do only its a slightly different libcommie scam. Liberals have had a 1000 different scams to run our lives for us with their superior intelligence. too bad our founders saw them as all the same and made them all illegal here in favor of freedom from such scams!!

 

Did mass transit diminish our economic health? It was done with tax dollars. Did the invention of the computer diminish our economic health? It was done with tax dollars.