Dude... what the hell was that?
I was making an observation that yours wasn't the first comment I had heard blaming our troubles on the Baby Boomer generation, and I wrote my comments accordingly. Call it utterly self-indulgent egotism, but I was simply allowing the thought process that works within my mind to spill out onto the computer screen this morning as I enjoyed my coffee. I was not refuting, arguing or debating ANYTHING you said in your post. I thought I'd made that point rather clearly, in fact.
I was also rather pointed in my statement that I wasn't arguing (for or against) New Deal. If anything, I was making YOUR point that it was the opening of the flood gates for the entitlement government model we have maintained ever since. You can question my facts all you like (and you routinely do so, I know)... but facts they remain.
A list of recessions/depressions from 1787 to the present:
Start of recession / Durations of recession-depression
1797 / 3 years
1802 / 2 years
1807 / 3 years
1812 / 6 months
1815 / 6 years
1822 / 1 year
1825 / 1 year
1828 / 1 year
1833 / 1 year
1836 / 2 years
1839 / 4 years
1845 / 1 year
1847 / 1 year
1853 / 1 year
1857 / 18 months
1860 / 8 months
1865 / 3 years
1869 / 2 years
1873 / 22 years (this is the Long Depression, lasting roughly from 1873 to 1896 of nearly uninterrupted of stagnant or negative growth)
1899 / 18 months
1902 / 2 years
1907 / 1 year
1910 / 2 years
1913 / 2 years
1918 / 1 year
1920 / 18 months
1923 / 1 year
1926 / 1 year
1929 / 3 years, 7 months (Oct 1929 to March 1933)
1937 / 1 year
1945 / 6 months
1949 / less than a year
1953 / less than a year
1958 / less than a year
1960 / less than a year
1969 / 1 year
1973 / 1 year
1980 / 2 years
1990 / 1 year
2001 / 1 year
2007 / (ongoing)
This is "History 101" my friend... I'm not making this up. In the last 60 years (using the end of WWII as the benchmark to avoid ruffled feathers), we have had less than 8 years of recession, and at no point have we had an actual "depression". In the time between WWI and WWII, we had nine years worth of recession/depression (actual economic terms, too... I'm not talking about "eras" the way you insist on doing).
I'm not juvenile enough to "blame" the Founding Fathers for failing to find the manner in which to avoid such economic crisis in the nation's future development, but I give them all the credit in the world for allowing for the growth and development of government to better handle issues and problems that they couldn't possibly have foreseen when drafting the Constitution.
Rant and rave all you want, buddy. I'm not speaking my "opinion" when I talk about the history of recession in this nation, now when I make my case that the New Deal was not the communist or fascist attempt at taking over American government in the shape of FDR. You say it failed, I say some of it failed and some of it worked. I feel I'm consistent in my standards and evaluations, and I feel you are not, since you can't admit that the very same economic planning and support that FDR made for the economy of the '30s is what Reagan was doing in the '80s. Undoubtedly, you feel exactly the opposite.
So, let's forget I wrote anything, and I'll make it a point in the future to NOT put up any of my personal musings or thoughts lest they fall under the eyes of someone unable to understand what is being presented and why it is presented in the way it is.
Thursday, May 20, 2010
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