FACT CHECK: Obama's words on home aid ring hollow

[senojekips]

One of my biggest pet peeves is people terming Obama as a socialist. There are plenty of other things you can accuse him of, but being a Socialist is not one of them.

No thought no consideration, just another knee jerk reaction to a supposed threat that shows little sign of ever eventuating.

 

[mmarsh]

One of my biggest pet peeves is people terming Obama as a socialist. There are plenty of other things you can accuse him of, but being a Socialist is not one of them.

Lack of Education is what it is.

Most people do not know what socialism really is, even here I see people constantly confusing socialism with communism. I find it Hilarious that people yell "socialist" like an insult only because they think its something Offensive. Socialism isn't related to politics or democracy, its simply an economic model just like capitalism is. There are plenty of Democratic countries that are socialist.

The other funny thing is people are equally convinced that while socialism can do no good, Capitalism is the pure good that does no wrong. And Yet the whole reason we are in this economic s***storm is because of capitalism.

 

[The Other Guy]

Obama could be a poster child for Socialism.

Have you forgotten that President Bush was the most socialist president we ever had? He nationalized the banking industry. He also tried to limit personal freedoms with the Patriot Act... a communist move. Obama? Hasn't nationalized anything, has promised to improve on our shoddy health care system, and more. Oh, HE'S socialist!

And like WNxRouge and mmarsh said, socialism is not necessarily a bad thing. It is much different than Communism or Marxism.

 

[Donkey]

The recessions in the 20s got worse in the 30s because of government inaction, where they did not bail out industries and instead let them crash and burn. Inflation wasn't the issue in the US... It was deflation, if anything. The agricultural industry couldn't make any money because they couldn't sell crops for a high enough value.

What businesses that supply goods? Just a couple years ago, Big Bear supermarkets went bust. Circuit city is closing. 3-4 major department strores are shutting down soon. Starbucks is taking losses.

What other proof of a goods supplying buisness going under do you need?

The recession in the 20s did not get worse in the 30s they are two separate occurrences...

During the 30s we did exactly what we are doing now and thus prolonged the recovery...

Do some research

 

[The Other Guy]

The recession in the 20s did not get worse in the 30s they are two separate occurrences...

During the 30s we did exactly what we are doing now and thus prolonged the recovery...

Do some research

I have done research. Interestingly enough the unit my American History class just covered was the Great Depression. From 1929-32, unemployment numbers skyrocketed, caused by doing nothing. When we finally did do something, under the Roosevelt Administration, the situation started improving.

 

[Donkey]

I dont know where you are getting your research from but the Great Depression lasted the entire decade of the 30's and many say it was only worsened and prolonged by Roosevelt's actions...

The great depression consisted of about 3 recessions one in late 1929, one in 1933, and one in 1937.

A whole bunch of information on the Great Depression
http://ingrimayne.com/econ/EconomicCatastrophe/GreatDepression.html

Now saying that Roosevelt's plans actually helped one would have to completely ignore the recession and the number of business failures that took place in 1937.

Some information on the Post WW I recession
http://en.wikipedia.org/wiki/Post-WWI_recession

I suggest you re-research....

 

[Rob Henderson]

Donkey... Wikipedia, your own source, tells us that the turning point directly correlates with Roosevelt becoming President. He may not have been the sole cause of the upturn, but he was certainly a factor in it. You CANNOT deny that fact.

 

[mmarsh]

I dont know where you are getting your research from but the Great Depression lasted the entire decade of the 30's and many say it was only worsened and prolonged by Roosevelt's actions...

The great depression consisted of about 3 recessions one in late 1929, one in 1933, and one in 1937.

A whole bunch of information on the Great Depression
http://ingrimayne.com/econ/EconomicCatastrophe/GreatDepression.html

Now saying that Roosevelt's plans actually helped one would have to completely ignore the recession and the number of business failures that took place in 1937.

Some information on the Post WW I recession
http://en.wikipedia.org/wiki/Post-WWI_recession

I suggest you re-research....

Donkey

You are just wrong on this. The worst years of the Great Depression was 1929-1932. In 1933 unemployment was at 25%, that was also the year the New Deal went into effect. By the crisis of 1937 it was only at 14.1% over a 10 point drop in 5 years, all of which happened to be during the New Deal. During the recession of 1937 unemployment did go back up slightly to 18% but that is still a 7 pt net gain. Seven points is pretty damn good and remember this is 1937.

Other economic forecasts like GDP showed the same trend. You see that big dip that's 1933. That smaller dip to the right is 1937-1938.

As you can plainly see there is a huge net gain.