Comments on: Transition lessons from FDR http://blogs.reuters.com/great-debate/2008/11/14/transition-lessons-from-fdr/ Just another blogs.reuters.com weblog Tue, 10 Nov 2009 13:48:04 +0000 http://wordpress.org/?v=2.6.2 By: stan http://blogs.reuters.com/great-debate/2008/11/14/transition-lessons-from-fdr/#comment-1296 stan Wed, 19 Nov 2008 13:37:33 +0000 http://blogs.reuters.com/great-debate/?p=459#comment-1296 Roosevelt took an economy in a recession and turned it into the worst economic down turn this country has seen. How; increased taxes, constantly changing rules making it impossible for business to plan, central planning of the economy in Washington (a farmer could not choose what crop to plant without permission from Washington), and wage and price supports. The economy did not really recover till Truman started tearing the regulatory mess apart. Heaven help us if Obama uses Roosevelt as a model Roosevelt took an economy in a recession and turned it into the worst economic down turn this country has seen. How; increased taxes, constantly changing rules making it impossible for business to plan, central planning of the economy in Washington (a farmer could not choose what crop to plant without permission from Washington), and wage and price supports. The economy did not really recover till Truman started tearing the regulatory mess apart. Heaven help us if Obama uses Roosevelt as a model

]]> By: PS http://blogs.reuters.com/great-debate/2008/11/14/transition-lessons-from-fdr/#comment-1176 PS Tue, 18 Nov 2008 07:49:51 +0000 http://blogs.reuters.com/great-debate/?p=459#comment-1176 Today US Fedeeral debt is about $11 trillion. Thanks to supply side economics gone wild, lack of responsibility in governing and an artificial economy based on debt: and restructure of interest rates downward at a time they did not require such a move. Who is to blame: all of us, but we do put our trust in the US and its Congress to govern in areas we do not have opportunity. The citizen is also at blame as we have forgotten the past and have decided that for some reason, education and understanding history is less important. Am I being too harsh? Maybe. In 1930 the US had little debt except for the past World War One costs. We could afford to spend our way out of the depression and it took time. Today that is another issue. This problem is truly world wide and poses other threats: loss fo programs and higher inflation that could curl the longer term aspects of recovery that is banking on inflationary growth to pay off lower interest rate debt obligations that will be produced in the trillions. This is not a normal downturn: this is a normal change in periodicity to deflationary decline. It is part of a longer term cycle and could have been predicted. Roosevelt built the economy bottom up. There is little of that occuring as it needs to be today. The great risk is downward spiral due to burden of debt and higher unemployment. But the untold risk is global and global tension. Today US Fedeeral debt is about $11 trillion. Thanks to supply side economics gone wild, lack of responsibility in governing and an artificial economy based on debt: and restructure of interest rates downward at a time they did not require such a move. Who is to blame: all of us, but we do put our trust in the US and its Congress to govern in areas we do not have opportunity.

The citizen is also at blame as we have forgotten the past and have decided that for some reason, education and understanding history is less important. Am I being too harsh? Maybe.

In 1930 the US had little debt except for the past World War One costs. We could afford to spend our way out of the depression and it took time. Today that is another issue. This problem is truly world wide and poses other threats: loss fo programs and higher inflation that could curl the longer term aspects of recovery that is banking on inflationary growth to pay off lower interest rate debt obligations that will be produced in the trillions.

This is not a normal downturn: this is a normal change in periodicity to deflationary decline. It is part of a longer term cycle and could have been predicted.

Roosevelt built the economy bottom up. There is little of that occuring as it needs to be today. The great
risk is downward spiral due to burden of debt and higher unemployment.

But the untold risk is global and global tension.

]]> By: tmirdotorg http://blogs.reuters.com/great-debate/2008/11/14/transition-lessons-from-fdr/#comment-1108 tmirdotorg Mon, 17 Nov 2008 21:41:11 +0000 http://blogs.reuters.com/great-debate/?p=459#comment-1108 I am very disappointed by hearing all these non-sense. 1939-48, the world was in a big war. America was flooded with immigrants from Europe. Now, America has 95% of her own citizens. To generate economy is more challenging than 1944. 1944, Britain was Bankrupt and borrowed Money from America, over the year UK abandoned all the colonies and brought huge asset in the UK. I really don't see the connection between now and than. I am very disappointed by hearing all these non-sense. 1939-48, the world was in a big war. America was flooded with immigrants from Europe. Now, America has 95% of her own citizens. To generate economy is more challenging than 1944. 1944, Britain was Bankrupt and borrowed Money from America, over the year UK abandoned all the colonies and brought huge asset in the UK. I really don’t see the connection between now and than.

]]> By: Dean M. Habeeb Ghatala http://blogs.reuters.com/great-debate/2008/11/14/transition-lessons-from-fdr/#comment-1061 Dean M. Habeeb Ghatala Mon, 17 Nov 2008 11:56:21 +0000 http://blogs.reuters.com/great-debate/?p=459#comment-1061 Nr. Liaquat Ahamed, author of "Transition Lessons fron FDR" is correct in his recommendation that the President-Elect Barack Obama's transition team wait until the Bush Administration leaves office. Mr. Ahamed's reasoning is valid. Since the transition team has seasoned and experienced professionals, I am confident that the transition will be smooth and avoid the pitfalls documented by Mr. Ahamed. Nr. Liaquat Ahamed, author of “Transition Lessons fron FDR” is correct in his recommendation that the President-Elect Barack Obama’s transition team wait until the Bush Administration leaves office. Mr. Ahamed’s reasoning is valid. Since the transition team has seasoned and experienced professionals, I am confident that the transition will be smooth and avoid the pitfalls documented by Mr. Ahamed.

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