Added: 5 months ago
From: FiveByFivePodcast
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  • Lots of promises, no specifics beyond spending and debt

  • Congratulation Jimmy on your complete lack of attention to the details laid out today in the Joint session of Congress.

    It sounds as though you have misunderstood the proposals put forth and perhaps the history of our country as well.

    This well thought out plan will be paid for by cuts in medicare benefits from those of us who can ill afford it, yet it is necessary to help get the country working and the economy moving.

  • @markDhouseman You mean on top of the $500 billion the President already took from Medicare for his Obamacare plan....twice?

    Well, I mean he took the money from Medicare once, but counted it twice. You know, like honest folks do.

    Also, check the Associated Press report tonight. His proposals, which haven't actually been written in bill form yet (according to Valerie Jarrett), aren't exactly paid for.

  • Texas is full of people with minimum pay low paid jobs and terrible underfunded education and public services, not a good example to the rest of the country! So was it Herbert Hoover or FDR that got America out of the Great Depression?

  • @petersz98 Not surprisingly, your "facts" are incorrect.

    Also, it was America that got America out of the Great Depression.

  • @JimmieBJr

    No it was FDR and his Keynesian policies that got America out of the Great Depression, let's see he was president from 1933 to 1945 and in that time the USA pulled out of the Depression because he had the right policies.

  • @petersz98

    Nope. Wrong again.

    A study by a pair of UCLA economists put that one to rest seven years ago. They found that not only did FDR not end the Great depression, he very likely prolonged it.

  • @JimmieBJr

    What nonsense! In 1933 25% of Americans were unemployed by 1943 only 3% were unemployed. What's more the New Deal which lasted until 1973 and created the smallest gap between rich and poor in American history. Since then its all been a disaster with the middle class has decreased to its lowest level in decades because of 30 years Reaganism. Facts and statistics don't lie!

  • @petersz98 Well, there was that whole World War thing we fought. See unemployment was almost 15% in 1940, 7 years after the New Deal started. In 1941 our government spend more to increase the size of the military in one year than they did during all of World War I (about $26 billion) and there was Pearl Harbor. By the end of 1942, when unemployment dropped to 4.7%, the army itself had 5.4 million soldiers. The next year, with an even larger military buildup, it was smaller. Facts and all.

  • @JimmieBJr

    The extremist reactionaries of the hard right are calling for a return to the days of hyper-capitalism and minimal state regulation like in the 1920s.

    Very well - let's use the 1920s as an experiment. What happens when you have unfettered capitalism?

    Answer: the Wall Street Crash, economic meltdown, unemployment hitting 25%

    And what was the solution?

    The greatest President in American history, FDR's New Deal, which socialized the US economy on an unprecedented scale.

  • @petersz98 By the by, the largest peacetime economic expansion in US history happened between 1983 and 1990. The next largest was between 1991 and 1999. Neither involved "disaster".

  • Comment removed

  • @JimmieBJr

    Both these brief expansions ended with severe recessions. Some expansions! Compare that with the Bretton-Woods period 1945 - 1971.

  • agree 100%

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