Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

PETRUS

(3,678 posts)

14. I too read a fair bit of economics.

Reply to Albertoo (Reply #12)

Thu May 12, 2016, 09:21 PM

May 2016

This study sounds like bunk. (Of course, economic theory predicts a well-funded market for right wing claptrap.) The public spending related to WWII (way higher than the New Deal) produced an economic boom. If the government had decided on something closer to that kind of spending for the New Deal, with ample financial support for basic research and industrial mobilization, we would have had an economic boom sooner. That kind of stimulus won't work if the resources (labor, skills, raw materials) aren't available, but clearly they were.

Edit history

Please sign in to view edit histories.

15 replies

= new reply since forum marked as read

Highlight:

Recession May Loom for Next U.S. President No Matter Who That Is [View all] Purveyor May 2016 OP

Makes sense... Peacetrain May 2016 #1

I've been thinking about that a lot Fresh_Start May 2016 #2

The next President could be appointing 3 or more Supreme Court Justices, pnwmom May 2016 #13

it's worse than that Albertoo May 2016 #3

That is the problem, the Fed can't prime the pump by lowering interest rates as they are damned near Purveyor May 2016 #4

Oh, it won't be 'another' 2008, it's the same Albertoo May 2016 #7

Re 1929: PETRUS May 2016 #9

Keynes/WWII... one and the same is apparently not what the new studies say Albertoo May 2016 #10

What new studies? PETRUS May 2016 #11

I got it from a 'cloud' Albertoo May 2016 #12

I too read a fair bit of economics. PETRUS May 2016 #14

Well, you don't have to trust me, but.. Albertoo May 2016 #15

no surprise here. the market's cyclical, and after the records highs, a pull back is def possible just4lulzidk May 2016 #5

Big recession and aggressive congress Thirties Child May 2016 #6

We do tend to over-emphasize what the Pres can do about the economy... Wounded Bear May 2016 #8