The Mudcat Café TM
Thread #139355   Message #3198834
Posted By: pdq
30-Jul-11 - 09:24 PM
Thread Name: BS: The Republican Default Crises
Subject: RE: BS: The Republican Default Crises
It seems that every fact I put out calls for half a dozen rebuttals. Why rebut a fact?

OK, here is another fact to yell about:

Fact: After the Great Stock Market Crash of of 1929, many advisors recomended that Hoover follow the ideas of a new hot shot economist from England. Hoover did. His name was Maynard Keynes.

I don't feel like doing all the work for you, so just look up "pump priming" or "priming the pump".

It started under Hoover and led to a full Depression, not just a recession.

Then look up what FDR's Treasury Secretary had to say about the results. His name was Morgantgau.