Because there has been so much damage done to the economy, Williams says there will have to be stimulus no matter who eventually makes it into the White House.<\/strong> – article<\/p>\nAs I said above, we\u2019re already in an economic recession and it will continue, regardless of who is in the Oval Office. Wells tells us to regard it as a potentially drawn out economic depression, similar to the 1930s.<\/p>\n
The economic depression that followed Hoover’s carelessness, including the financial crash of 1929 and bank closures, could have been prevented by a little foresight. Coupled with bad weather in the Southwest that went on for years, causing crop failures, deaths and economic poverty, there were few options available at the time to bring the USA back to its normal working order.<\/p>\n
That was the reasoning behind FDR’s decision to start those work programs. The Civilian Conservation Corps (CCC) is what started the implementation of conservation programs that have given us the national parks we like so much. The Works Progress Administration (WPA) was an American New Deal agency, employing millions of job-seekers (mostly unskilled men) to carry out public works projects, including the\u00a0construction<\/b> of public buildings and roads. The PWA (Public Works Administration) built large-scale public works such as dams, bridges, hospitals, and schools. Its goals were to spend $3.3 billion in the first year, and $6 billion in all, to provide employment, stabilize purchasing power, and help revive the economy. Most of the spending came in two waves in 1933\u201335, and again in 1938.<\/p>\n
By the time World War II became a real threat to the USA, these programs were coming to an end. When we became involved, Henry Ford converted some of his assembly plants in Detroit to meet military production needs. An additional set up near Dearborn was put together to build airplanes for the war.<\/p>\n
This current economic crisis was partly caused by carelessness and a certain amount of general public denial about a frequently fatal disease. There’s plenty of blame to go around over it, but according to the last news report, the vaccines being developed to stop its progress are nearing the distribution point.<\/p>\n
A smarter and more conservative Democrat like FDR could handle our current crisis, and likely make things work, and get the USA back in working order. The current crop of nutballs patting themselves on the back about \u201cwinning!\u201d will, as Mr. Williams indicates in his video, run the USA right into the ground financially. They have no idea how to make things work, but they do know how to spend Other People\u2019s Money.<\/p>\n
What Williams is saying, bluntly put, is that we are facing another economic depression very similar to the Great Depression. This coincides with the forecasts by those other analysts, so that brings the total to three, whos opinions are more valid than that of any politician on the planet. The fiscal incompetence of the current crop of Democrats in Congress is already well-known. It is valid to be concerned that they will only make things worse.<\/p>\n
What I’d really like to see is the current younger generation being told that they have to participate in work programs if they want to get monthly or twice-monthly checks from Uncle Sugar.\u00a0 If a WPA work program was good enough for my mother, who did have job skills, it should certainly not be demeaning to those kids, should it?<\/p>\n
Your tax dollars are at work here, people. Doesn\u2019t mean that they\u2019re necessarily being used for your benefit, either.<\/p>\n
Frankly, it does not matter one bit who sits in the Oval Office. This is going to happen, period. Whoever has that job over the next four years will get blamed for the mistakes, the excesses and any and all failures, massive or not.<\/p>\n
I would not want that on my record.<\/p>\n","protected":false},"excerpt":{"rendered":"
I’ve already addressed this subject before: two financial analysts, using different methods, have already forecast a … Recession? No, Depression: Deja Vu All Over Again<\/span>Read more<\/a><\/p>\n","protected":false},"author":653,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[213,430,484],"tags":[],"class_list":["post-107557","post","type-post","status-publish","format-standard","hentry","category-your-tax-dollars-at-work","category-2020-election","category-covid-19"],"_links":{"self":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/107557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/users\/653"}],"replies":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=107557"}],"version-history":[{"count":1,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/107557\/revisions"}],"predecessor-version":[{"id":107558,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/107557\/revisions\/107558"}],"wp:attachment":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=107557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=107557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=107557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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