WUI (Writing under the influence)

Somebody once said we are all Americans, sometimes born in the wrong places.
On a warm autumn day in 1986, while enjoying beer with my college buddies,
I decided to join my new homeland.

I've come to appreciate the ideals that helped create this great country.
Liberalism, political-correctness, multiculturalism and moral equivalence
are destroying it.

This old house Grovenet Wal*Mart Visiting Poland American wine better than French.

Tuesday, October 07, 2008

 
The reason why so many people are supporting Obama is that almost nobody knows him. His lack of experience allows many people to imagine what he his. But there are no 1000 Obamas but just 1: a Marxist who is being manipulated by other Marxists like Ayers, Wright, etc. Obama is a Marxists who will turn this recession into another great depression just as Roosevelt turned the recession that followed the crash of 1929 into the Great Depression. Yes, that's right. And it's not a right-wing opinion anymore. The latest comes from the UCLA:
FDR's Policies Prolonged Depression by 7 Years, UCLA Economists Calculate
Two UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years, and they blame a suspect previously thought to be beyond reproach: President Franklin D. Roosevelt.

After scrutinizing Roosevelt's record for four years, Harold L. Cole and Lee E. Ohanian conclude in a new study that New Deal policies signed into law 71 years ago thwarted economic recovery for seven long years.

"Why the Great Depression lasted so long has always been a great mystery, and because we never really knew the reason, we have always worried whether we would have another 10- to 15-year economic slump," said Ohanian, vice chair of UCLA's Department of Economics. "We found that a relapse isn't likely unless lawmakers gum up a recovery with ill-conceived stimulus policies."

In an article in the August issue of the Journal of Political Economy, Ohanian and Cole blame specific anti-competition and pro-labor measures that Roosevelt promoted and signed into law June 16, 1933.

"President Roosevelt believed that excessive competition was responsible for the Depression by reducing prices and wages, and by extension reducing employment and demand for goods and services," said Cole, also a UCLA professor of economics. "So he came up with a recovery package that would be unimaginable today, allowing businesses in every industry to collude without the threat of antitrust prosecution and workers to demand salaries about 25 percent above where they ought to have been, given market forces. The economy was poised for a beautiful recovery, but that recovery was stalled by these misguided policies."

Comments:
Criticism of Saint Roosevelt, well, well, who woulda thought? It's well known that he and his missus were admirers of Uncle Joe and what better conditions than a financial disaster to reorganize the country socialistically. He probably wouldn't have been too keen for a prompt recovery but WWII sort of spoiled the game. Shame that this comes from some UCLA journal; it should be on the front page of the NY Times!
 
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