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Re: 1930s depression question


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Posted by Walt davies on September 27, 2008 at 11:31:03 from (75.106.199.108):

In Reply to: 1930s depression question posted by old on September 26, 2008 at 21:16:38:

If a CEO of a major company get 140 Million most on stock options and that company goes broke then what does he have. (Hint: worthless paper) The news people have a bad habit of only giving part of the facts and that is to make the average people mad at big Corporations. If you want to get a country to be Socialist you must first make the people think that they are very poor and the big companies are all very rich and to solve the problem the government must take them over.
France tried that a while back and it went in the tank for it.
Russia tried it for 70 years didn't work.

Old the main reason that it took so long to get out of the Great Depression was all of the Government programs that FDR started none of which did anything to help the depression or the people. About all they did was make poor people out of the middle class.
The dust bowl days didn't help any either.
Walt


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