Anonymous
Anonymous asked in Politics & GovernmentPolitics · 9 years ago

"Those who fail to learn from history are doomed to repeat it". Does this describe Obama's thinking or lack of?

What happened when Wilson increased taxes, increased government spending for public works through deficit spending, and put more regulations on business? DEPRESSION

What happened when Hoover increased taxes, increased government spending for public works through deficit spending, and put more regulations on business? DEPRESSION

What happened when F.D. Roosevelt increased taxes, increased government spending for public works through deficit spending, and put more regulations on business? DEPRESSION

What will happen if Obama increases taxes, increases government spending for public works through deficit spending, and puts more regulations on business?

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  • 9 years ago
    Favorite Answer

    Um, you had better do your research before you go running out the mouth next time.

    F.D.R took presidency DURING the depression and was the president accredited with getting us out of the depression. He was so favored he was the only president in American history to run and be awarded with more than two terms of office. Also he was as highly criticized over welfare and medicare/ Medicaid program, and that didn't lead us to being overrunned by Germany or run is into bankruptcy.

    So open a book once in awhile next time O.K.

    • Craig B6 years agoReport

      I know this is 3yrs old but you could not BE more wrong. Before WW2 broke out things were NOT getting better under FDR's expansion of public works and regulation. The only thing that saved our economy from FDR was WW2...and trust me...FDR knew it...he wanted us in that war more than anyone else.

  • Anonymous
    9 years ago

    What happened when Wilson increased taxes, increased government spending for public works through deficit spending, and put more regulations on business? DEPRESSION

    What happened when Hoover increased taxes? We were in a war. It was followed by the economic expansion of the 1920s. The Depression started after 9 years of Republican presidents.

    What happened when F.D. Roosevelt increased taxes, increased government spending for public works through deficit spending, and put more regulations on business? The depression ended.

    What will happen if Obama increases taxes, increases government spending for public works through deficit spending, and puts more regulations on business? The return of prosperity.

  • 9 years ago

    Not when the history you refuse to learn from is the revisionist version you use.

    The result of Roosevelt's actions was 9.4% economic growth from 1934 to 1937. The result of the GOP forcing him to scale back on the New Deal - the US plunged back into recession in 1938.

    As for the situation under Hoover - it is convenient that you omit the fact that even Friedman argues the main cause was the allowing the major banks to fail (particularly the New York Bank of the United States) and the Federal Reserve failing to lower interest rates in the response to a massive monetary contraction - ie the very things caused the Great Depression that the extreme right today feel we should do.

    So it is not Keynsian Liberals that refuse to learn - rather the far right.

  • 9 years ago

    Gee, in the 1950's Eisenhower left the upper tax rate at 90% and began a gazillion dollar program of building a national infrastructure, etc. The Sherman Anti-Trust Act and other legislation designed to keep business under control was in place and 80% of the American workforce belonged to unions. And this was the country's most productive period in its history. I hope Obama repeats Eisenhower's policies.

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  • Did you ever consider that HE DID learn from history and WANTS to repeat it? I definately think it describes his thinking. Wilson, Hoover, and FDR were progressives (in both parties) working to turn the U.S. into a socialist government, and Obama (who is also a progressive) is doing the same thing today, not by accident but by design!

    There are progressives in both parties, and that is why both parties continually fail!

  • 9 years ago

    LOL

    In 1989 the GOP brought us the Lincoln Savings and Loan scandal. It cost us taxpayers 124 billion dollars to bail out.

    http://useconomy.about.com/od/grossdomesticproduct...

    Next was the GOP’s deregulation of utility companies. It brought us the Enron scandal. We all are paying overinflated electrical prices to this day as a result.

    http://en.wikipedia.org/wiki/Enron_scandal

    Next the GOP deregulated the mortgage industry effectively giving Wall Street a license to steal. They did just that. The result is that is will cost us taxpayers trillions. TRILLIONS!

    http://www.sourcewatch.org/index.php?title=Total_W...

  • 9 years ago

    Maybe Obama wants another depression to he can be idolized along with the other three progressive presidents and their depressions.

  • 9 years ago

    hey do you want to know something? (were doing much better in these two years of Obama's office then all of Bush's eight)

    and something else

    What happened when China used a stimulus package to help their economy?

    THEIR ECONOMY GOT BETTER

    Source(s): :)
  • Anonymous
    9 years ago

    That's why Americans just elected Republicans. Their entire philosophy failed - but let's give then another chance OK?

    Source(s): PS: Hoover was a Republican - you kind of left that out. The Depression had absolutely nothing to do with "raising taxes" - complete revisionist, right wing poppycock. It had to do with overspeculation in an unregulated banking market, just like every other major Recession Republicans have caused with bank deregulation.
  • x x
    Lv 6
    9 years ago

    NO! He is doing it for his cause. It is on purpose.

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