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May 23rd, 2003, 05:02 PM
Roosevelt's policies may have actually hurt the US more than helped, many economists argue over it.
Pub lover
"Also, in Europe, there hasn't been a major recession at any time there has been a majority of socialist governments."
Holding up Europe as an example is a poor choice. The U.S. grows faster economically and our standard of living keeps increasing while their's is flat. Germany and France are experiencing massive depressions as we speak. They are trying to retool their social security programs which caused a massive protest recently, huge numbers of people simply walked off the job.
So their programs which are highly socialistic aren't working. OR did you mean when most governments in the area were socialist? Which would be what? 10 days in the 1900s? Or are you referring to Eastern Europe under the USSR, we all know how great that system was.
" Europe were then on course to have emerged from the recession before the US if it hadn't been for the wars." and if puppy dogs were moonpies no one would go hungry. Nice "what if" with no real data. The Great depression was partly caused by this cycle: Germany pays reparations to UK and France; who then pay back the US for WWI; who then loan the money back to Germany who pays back.....
One day Germany decides to keep the money for internal improvements and bam massive defaults on loans, hardly caused by the US.
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