David Boaz: Roosevelt v. Reagan on CNBC

February 12, 2009

Category:

News & Politics

Tags:

• cato
• institute
• david
• boaz
• franklin
• roosevelt
• ronald
• reagan
• financial
• crisis
• recession
• depression

[wogsland]

This should be retitled "Dumb Girls Debate Boaz".

[SlaveStorm]

Q What is an Economic Stimulus Payment A It is money that the federal government will send to taxpayers Q Where will the government get this money A From taxpayers Q So the government is giving me back my own money A Only a smidgen Q What is the purpose of this payment A The plan is that you will use the money to purchase a high-definition TV set a analog to digital converter box or a new computer thus stimulating the economy Q But isn't that stimulating the economy of China A Shut up

[IceCreamRueckert]

I think a big difference between Reagan and FDR was where they put the money and where we are putting it today. Reagan cut taxes plenty, but spent on the war on drugs and defense like there was no tomorrow. FDR put it in the right place, but it didn't SOLVE the problem though it did improve a lot of things in the economy.

[perdondaris]

Reagan and his minions destroyed America. No amount CPR is going to resuscitate America from the egg Reagan dropped. Perhaps that is a good thing. America has become a force for evil in the world like czarist Russia. America today is a backward nation haunted by a do nothing capitalist class. The autocratic regimes that libertarians like Boaz crave led to the disastrous 20th century. Right wing libertarianism is a forfeiture-"I quit"-let God (or his stand in "the market") solve the problem.

[HoldingOnToLiberty]

@UBSCARED The solution to the 1920 crash would have also worked on the 1929 crash regardless of any differences or similarities. Both crashes were caused by the Fed so we begin with ending the Fed. Then we get the gov't control freaks out of the gov't and let the market be free.

If the Dems in Congress hadn't constantly sent spending bills to Reagan then his policy would be more Austrian and less Keynesian.

[HoldingOnToLiberty]

So Heather Boushey is basically suggesting that because FDR depression and Obama's recession are so similar that we should do the same things that FDR did. If that is the case we're in for a world of hurt.

So why did no one mention the stock market crash that happened at the end of 1919 that was very similar to 1929? Harding used a more Reaganesque approach and that resulting depression lasted about 18 months.

Heather and the rest of the nitwit Keynesians and Marxist just want to spend.

[SuperGuitarman69]

@SlaveStorm Lol I love that.

[Basaltq]

@wogsland Great ad hominem there mister. You must be proud of yourself.

[Salsa23PR]

There is a difference between allowing some in power (whom we elect) to spend our money the way they see fit v.s. the individual citizen deciding on what services or products to buy for his or her own personal benefit. No one spends anybodys money better than he does his own, and to think otherwise is just ignorant and irrational.

[Salsa23PR]

Yes all public services cost money, and no not all public services hamper economic freedom because they are essential to protecting our liberties. Police services and a military exist ONLY to Protect and Serve the public from imminent danger posed by foreign enemies or domestic criminals, and roads are used by the public to travel so yes for those things we give up some liberty for safety for preserving our rights, a social contract you may say.