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January 23, 2009

One Of The Ways FDR Saved Us

-- by Dave Johnson

Republicans are trying to tell people that FDR's policies made the economy worse.

So think about this: Where would we be today if FDR hadn't implemented federal bank deposit insurance? Would there be a single bank left in the country today?

That is JUST ONE of the ways that FDR's policies and regulations helped us this time.

Posted by Dave Johnson at January 23, 2009 11:18 AM


Comments

And yet we have this massive Private sector and government debt. Whether we send checks to consumers or whether we give tax credits to business investment, both will take cash flow and pay off debt.

Imagine if the Feds did not have to pay $412 BILLION a year on interest on the national debt. Wow what an opportunity cost.

http://globaleconomicanalysis.blogspot.com/2009/01/brink-of-debt-disaster.html

Posted by: Mace [TypeKey Profile Page] at January 23, 2009 7:08 PM

Other states should not be bailing out CA.

"The $11.2 billion that California would receive from Washington to help wipe out the deficit under a stimulus package expected to be pushed through the House this week would do little to offset these cuts. The federal funds, which would address only a quarter of the state's overall problem, are more likely to be used elsewhere."

http://www.latimes.com/news/local/la-me-budget26-2009jan26,0,4603532.story

Posted by: Mace [TypeKey Profile Page] at January 25, 2009 7:29 PM

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