No Elephants
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Sun Oct-14-12 10:52 AM
Original message |
"The weakest recovery since the Great Depression" |
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Republicans keep hurling this "fact" at the administration.
First, I don't know if it's true.
Second, duh. It was unquestionably the biggest economic collapse since Black Friday, 1929, if not the equal of it. Why shouldn't it be the weakest recovery since then?
Besides, the national economy was more in FDR's control than in Obama's.
In 1929, we still had manufacturing, family farms, as opposed to factory farms, etc., and the 1% did not hold as large a percentage of the nation's wealth as they do today.
Why doesn't anyone say these things? Republicans say the same disingenous things over and over and over. Why, at some point, don't media or Democratic politicians and pundits have these common sense responses ready?
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Enthusiast
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Sun Oct-14-12 02:05 PM
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If the FED had not thrown TRILLIONS at the problem it would have been more severe than the Great Depression.
They could have employed the same strategy after the 1929 crash and gotten even better results, because, like you say, we had manufacturing then and many other positives absent in today's world.
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DU
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Wed Sep 17th 2025, 09:33 PM
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