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Posted by jdemaris on September 27, 2008 at 11:20:13 from (67.142.130.23):

In Reply to: Re: 1930s depression question posted by trucker40 on September 27, 2008 at 06:48:19:

I'm not here to speak in behalf of OLD, but will comment on some of your comments . . .

You stated:

" . . . the government run by Hoover did not do anything to stop the problem just like todays group of crooks . . . "

The reality is, what Hoover did, or did not do . . . is not anything like what is happening now with these corrupt banking institutions and several politicians from all parties. Hoover did indeed try many things to keep things afloat. They just did not work at the time. The depression was not his fault, anymore than its end can be credited to FDR. The "Roaring Twenties" had a decadent lifestyle not much different then we've had here just lately. In 1929, a General Motors rep. stated "The key to economic prosperity is the organized creation of dissatisfaction." Not much different today with our "throw away" society.

Society then, and now tends to have knee-jerk, ad hoc reactions to things - often short sighted at best. Blame is often cast in the wrong places and credit given to the wrong people.

Nobody knows for sure what all the components were that started the so-called "Great Depression." Many Americans hardly noticed it while others suffered. American farmers were in a depression long before other citizens got affected.

During Hoover's time - Europe had all kinds of economic woes created by WWI. Those problems are what led to Hitler becoming popular, starting WWII - which in fact, helped end the depression. So, in a way, Hitler helped end it perhaps more than FDR.

I've studied world and US history, and pre-history - most of my life. And, I'm nowhere near as certain about these things as you seem to be.
I believe that in the real world - the more you know - the less you find out you know.

You also stated:
"The problem is the person looking at you from the mirror"

I've often argued with the guy in the mirror, and gotten nowhere. That being said, I won't blame myself for problems I've had no hand in. I don't buy things I cannot afford, have no debts, and support myself and my family without relying on others.

As to your other two statements:

"Buyouts dont work,banks steal money"

Buyouts often work great when done by well-run businesses. And, banks do not steal money - but many people associated with them do.


Replies:

  • Re: ??? trucker40 20:49:00 09/27/08 (2)
    • Re: ??? DiyDave 06:31:27 09/28/08 (1)
      • Re: ??? trucker40 18:25:25 09/28/08 (0)



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