Bfgrn
New member
Reading without reflecting is like eating without digesting.
Edmund Burke
Chart 1: U.S. Department of Commerce
Chart 2: Federal Reserve Board
Reading without reflecting is like eating without digesting.
Edmund Burke
Chart 1: U.S. Department of Commerce
Chart 2: Federal Reserve Board
My answer to that final 2 part question would be "yes" and again "yes," as long as they could afford it. And I would go further and say that they have the right to give anything extra to whomever they wished and government has no right saying, "You have plenty so we're going to take from you and give to someone else."
We seem to have some in this country who think (this is what i get from the "Occupy" movement) that there shouldn't be any rich people at all. That all their money should be taken and then re-distributed throughout the population. While I am for charging fair taxes to maintain military, infrastructure and to take care of the poor and less fortunate to a degree, I could never support such a radical movement. That is exactly what I see the "Occupy" movement as being.....radical.
What gets me is the unwillingness of the "competent" people to work together...and that makes me think there aren't many "comeptent" people left, only radicals.
Where? How is it that he believed that 99% of the wealth belonged to the top 1% myth, but then said this too? Be consistent.
1. You said he "believed" the 99% of the wealth myth.
2. You say he only believed in 9% of the wealth and I should call him out for that.
Not even close to consistent.
W
WinterBorn
Guest
Then you, leaningright, are helping to form an aristocracy. (at least according to one poster)
BTW, welcome back. I haven't seen you for a while.
Cancel 2016.11
Darla
http://nymag.com/news/frank-rich/class-war-2011-10/index4.html
Here's a thoughtful piece by Frank Rich writing for NY magazine that adds some much-needed historical context.
Here's a thoughtful piece by Frank Rich writing for NY magazine that adds some much-needed historical context.
Oh well, I have been accused of worse...but not lately.
Thanks for the welcome back. I have more responsibility this year (for the same money) due to the cutbacks in education in our state. I will quit teaching (retire) soon as things aren't looking to improve in the near future.
Bfgrn
New member
A typo Damo...I meant 99%
Bfgrn
New member
SO...the depression ended solely by natural causes. You are an imbecile. How did you go to college, was it on the same side of the street and classes ended before the street lights came on?
PostmodernProphet
fully immersed in faith..
link it......just so we know you telling the truth......
Bfgrn
New member
Go find it yourself. I really don't care what dogma your little pea brain embraces.
I didn't say that, I'm sure new deal spending was huge, it is dwarfed by war spending, to continue to argue otherwise exposes your GED.
Bfgrn
New member
I already went over that. The only really huge spending was on the war.
WWII started in 1939 and ended in 1945. America entered the war in 1942-3
The WAR created a lot of spending.
Growth of Government During the Great Depression
Government Expenditures and Investments (in current dollars)
Hoover Administration, 1929-1939
in 1929: $9.4 billion
in 1930: $10.0
in 1931: $9.9
in 1932: $8.7
Roosevelt's New Deal
in 1933: $8.7 billion
in 1934: $10.5
in 1935: $10.9
in 1936: $13.1
in 1937: $12.8
in 1938: $13.8
in 1939: $14.8
in 1940: $15.0
in 1941: $26.5
in 1942: $62.7
in 1943: $94.8
in 1944: $105.3
in 1945: $93
PostmodernProphet
fully immersed in faith..
as I expected.....you were lying out your ass.....
Bfgrn
New member
No, it is historical information, public domain and fact, not opinion. Look it up yourself.
http://www.bea.gov/iTable/iTable.cfm?ReqID=9&step=1
Here is a chart from http://en.wikipedia.org/wiki/Great_Depression_in_the_United_States
Here is the same chart cropped to match the years in the chart you question.
Cancel 2016.2
The Almighty
No, it is historical information, public domain and fact, not opinion. Look it up yourself.
http://www.bea.gov/iTable/iTable.cfm?ReqID=9&step=1
Here is a chart from http://en.wikipedia.org/wiki/Great_Depression_in_the_United_States
So as we can see... the explosion that I was referring to after WWII was indeed the largest period of growth. Thanks.
Friggin captain cut and paste should learn to read his own charts. But that might actually require doing some thinking on his own.
As for the final chart.... again... WHAT do the percentages represent on the chart? GDP as a percentage of WHAT?
Bfgrn
New member
Gross Domestic Product (GDP) is the market value of all final goods and services produced within a country during a given time period. There are two ways to measure GDP:
Nominal GDP is the dollar value of production at current-year prices. For example, nominal GDP in 1990, $5,803 billion, is calculated using year 1990 prices for goods and services.
Real GDP is the dollar value of production using a given base year prices. For example, real GDP in 1990, $7,112 billion in year 2000 dollars, is calculated using 2000 prices for goods and services.
Here is your 'explosion' after WWII. BTW, WWII began in 1939 and ended in 1945. The GDP fell or dipped for the most of the years after the war through the 1940's. So you explosion had a LONG fuse...
