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	<title>Comments on: Did Americans think the US economy had bottomed in 1933?</title>
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	<link>http://www.creditwritedowns.com/2009/01/did-americans-think-the-us-economy-had-bottomed-in-1933.html</link>
	<description>Finance, Economics and Markets</description>
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		<title>By: Avedon</title>
		<link>http://www.creditwritedowns.com/2009/01/did-americans-think-the-us-economy-had-bottomed-in-1933.html#comment-3262</link>
		<dc:creator>Avedon</dc:creator>
		<pubDate>Thu, 05 Feb 2009 13:10:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=5210#comment-3262</guid>
		<description>&lt;i&gt;will render his time in office to look much like the late 1970’s sooner than later.&lt;/i&gt;

You&#039;re an optimist.  There were problems in the late 1970s, but most of what we hear about them is right-wing propaganda.  Things are a lot worse now and I don&#039;t see any sign of willingness to set them right.

FDR brought unemployment down from 36% to 14% with a moderate government spending program, and when the war came along he was able to take greater control of the economy and put more people to work.  It was that spending that ultimately helped the nation recover economically.

Obama, unfortunately, is being more conservative than FDR, and that means what he&#039;s doing isn&#039;t going to work - worse, he&#039;s driving money in the wrong direction, allowing the right-wing to insist on stripping programs that keep people in jobs and create new ones while pushing more of our funds into the hands of those who already have too much.

The 1970s were not nearly as bad as what I see coming.  We&#039;ll be lucky if we have enough left to work with if an FDR ever &lt;i&gt;does&lt;/i&gt; come along.</description>
		<content:encoded><![CDATA[<p><i>will render his time in office to look much like the late 1970’s sooner than later.</i></p>
<p>You&#8217;re an optimist.  There were problems in the late 1970s, but most of what we hear about them is right-wing propaganda.  Things are a lot worse now and I don&#8217;t see any sign of willingness to set them right.</p>
<p>FDR brought unemployment down from 36% to 14% with a moderate government spending program, and when the war came along he was able to take greater control of the economy and put more people to work.  It was that spending that ultimately helped the nation recover economically.</p>
<p>Obama, unfortunately, is being more conservative than FDR, and that means what he&#8217;s doing isn&#8217;t going to work &#8211; worse, he&#8217;s driving money in the wrong direction, allowing the right-wing to insist on stripping programs that keep people in jobs and create new ones while pushing more of our funds into the hands of those who already have too much.</p>
<p>The 1970s were not nearly as bad as what I see coming.  We&#8217;ll be lucky if we have enough left to work with if an FDR ever <i>does</i> come along.</p>
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		<title>By: Emma</title>
		<link>http://www.creditwritedowns.com/2009/01/did-americans-think-the-us-economy-had-bottomed-in-1933.html#comment-2779</link>
		<dc:creator>Emma</dc:creator>
		<pubDate>Mon, 26 Jan 2009 12:46:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=5210#comment-2779</guid>
		<description>&quot;...repealed Prohibition of alcoholic beverages (wrenching one of America&#8217;s largest industries out of the hands of the underworld)...&quot; 
 
I suspect this one had the most to do with getting things back on track, much as people won&#039;t admit it. And, guess what, there is currently another product out there that could do the same thing. And, in my humble opinion, even though I participate in neither inebriant, I would rather deal with potheads than drunks anyday. </description>
		<content:encoded><![CDATA[<p>&quot;&#8230;repealed Prohibition of alcoholic beverages (wrenching one of America&rsquo;s largest industries out of the hands of the underworld)&#8230;&quot; </p>
<p>I suspect this one had the most to do with getting things back on track, much as people won&#039;t admit it. And, guess what, there is currently another product out there that could do the same thing. And, in my humble opinion, even though I participate in neither inebriant, I would rather deal with potheads than drunks anyday.</p>
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		<title>By: John Creighton</title>
		<link>http://www.creditwritedowns.com/2009/01/did-americans-think-the-us-economy-had-bottomed-in-1933.html#comment-2771</link>
		<dc:creator>John Creighton</dc:creator>
		<pubDate>Mon, 26 Jan 2009 03:51:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=5210#comment-2771</guid>
		<description>Why do we want Obama to be like FDR. Under FDR the depression lasted 10 years: 
&lt;a href=&quot;http://thepeacearch.com/forum/showthread.php?t=10642&quot; target=&quot;_blank&quot;&gt;http://thepeacearch.com/forum/showthread.php?t=10...&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p>Why do we want Obama to be like FDR. Under FDR the depression lasted 10 years:<br />
<a href="http://thepeacearch.com/forum/showthread.php?t=10642" target="_blank">http://thepeacearch.com/forum/showthread.php?t=10&#8230;</a></p>
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		<title>By: alex</title>
		<link>http://www.creditwritedowns.com/2009/01/did-americans-think-the-us-economy-had-bottomed-in-1933.html#comment-2762</link>
		<dc:creator>alex</dc:creator>
		<pubDate>Sun, 25 Jan 2009 22:50:13 +0000</pubDate>
		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=5210#comment-2762</guid>
		<description>&quot;Obama spent too much time between Nov 8th and Jan 20th pretending that he was going to be like Lincoln and FDR when indeed he was far different. He actually fooled me at the beginning.&quot; 
 
Couldn&#039;t agree more. </description>
		<content:encoded><![CDATA[<p>&quot;Obama spent too much time between Nov 8th and Jan 20th pretending that he was going to be like Lincoln and FDR when indeed he was far different. He actually fooled me at the beginning.&quot; </p>
<p>Couldn&#039;t agree more.</p>
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		<title>By: Mark Wadsworth</title>
		<link>http://www.creditwritedowns.com/2009/01/did-americans-think-the-us-economy-had-bottomed-in-1933.html#comment-2760</link>
		<dc:creator>Mark Wadsworth</dc:creator>
		<pubDate>Sun, 25 Jan 2009 19:51:25 +0000</pubDate>
		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=5210#comment-2760</guid>
		<description>Good question, simple answer: &quot;Obviously not!&quot; </description>
		<content:encoded><![CDATA[<p>Good question, simple answer: &quot;Obviously not!&quot;</p>
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