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oh, wait, it has been already!
(-8.00,-7.85) "Jesus Christ was the first nonviolent revolutionary." --S. Stills
by bubbanomics on Mon May 05, 2008 at 10:52:09 AM PDT
of how much I cried that week.
by MingPicket on Mon May 05, 2008 at 10:57:37 AM PDT
[ Parent ]
What a nightmare these last 7 years and 4 months have been.
by bubbanomics on Mon May 05, 2008 at 10:59:01 AM PDT
I was in a damn management seminar all week and we were supposed to be thinking relentlessly positively about prioritizing our personal and professional goals.
And all I do was mope, and say "I am grieving. Because history will judge my country harshly."
"The extinction of the human race will come from its inability to EMOTIONALLY comprehend the exponential function." -- Edward Teller
by lgmcp on Mon May 05, 2008 at 11:03:12 AM PDT
Linguists tend to be liberal hippies (probably part of what drew me to the major in the first place; I felt at home).
My professor sent us home because no one seemed to have any energy. It looked like none of us had slept (including the prof).
by MingPicket on Mon May 05, 2008 at 11:07:27 AM PDT
and grieved that Kerry lost. I think we were mostly worrying about our children's future.
Live green or die.
by deadinthewater on Mon May 05, 2008 at 11:14:11 AM PDT
And the head of housing was telling me how she'd started becoming less prone to inviting her Republican leaning friends (Housing, like Linguistics, tends to attract more liberal minded folks) because they were voting in ways that would make life harder for her children. And if they were so willing to shrug off the well being of her children (as well as their own), then maybe she didn't need to be as close with them anymore.
by MingPicket on Mon May 05, 2008 at 11:17:30 AM PDT
She's from Poland and she believes that progressive policies are a replication of failed Marxist economics she escaped and believes that any Democrat who supports Marxism is trying to harm the future of her children.
It goes both ways.
by i8pikachu on Mon May 05, 2008 at 11:31:01 AM PDT
His "marxist policies" worked so horridly for America.
by MingPicket on Mon May 05, 2008 at 11:33:41 AM PDT
I've discussed this with her. She says:
-- Market forces are cyclical and go up and down but always correct themselves where inventories are reduced to expand output again.
-- The faster the correction, the shorter the recession but in the 1930s they were called panics and lasted only three months.
-- In the 1930s, a normal market correction grew into the Depression because the government intervened in massive and unprecedented ways to stop prices from falling. Interventions prolong recessions.
-- It forced the destruction of new output that would add to the existing downward pressure on prices.
-- The Depression ended when most of the New Deal programs were discontinued by Truman.
-- It wasn't until 1954 that the stock market recovered to its pre-Depression level.
by i8pikachu on Mon May 05, 2008 at 11:47:10 AM PDT
professor .
"The fussy armchair jackboots"
by indycam on Mon May 05, 2008 at 12:13:32 PM PDT
by MingPicket on Mon May 05, 2008 at 12:16:53 PM PDT
Some economists do believe that the government interventions into the economy under Hoover and Roosevelt prolonged the Depression. However, since there were also two severe depressions in the late 1870s at a time where government did very, very little to try and regulate the economy, I think the idea that depressions are caused by government interventions is a bit shaky.
Consider as well that while the U.S. economy suffered three major depressions from the 1870s to the 1930s (approximately one every 20-30 years), we haven't had a depression since. Is this because of the mechanisms put in place by the New Deal? Perhaps..
The interventions under the New Deal were less than successful in ending the Depression, and as you note, probably prolonged it. However, these measures were designed to correct what were seen as two key longterm problems in the economy:
1/ Financial instability created by the collapse of the stock market and banking system (which had absolutely nothing to do with government intervention). Simply put, without liquid capital, capitalism doesn't work. The New Deal attempted to fix this problem by instituting government controls to regulate the behavior of the stock market (SEC) and banking (Glass-Steagall -- FDIC)to prevent overspeculative investing (the subprime bubble is an example of this type of investing).
2/ Imbalance between consumption and production. By the 1920s American industry had reached a pinnacle of production capability, but real wages lagged behind. Henry Ford himself had very early on recognized this as a fundamental problem in the American economy -- which is in part why he paid his workers high wages (so they could afford the product he was producing). Again, a capitalist economy doesn't work very well if you don't have a market. Despite some gains in real wages, the fact is that much of the prosperity of the 1920s was based upon consumer debt (just like today -- much of our prosperity seems based upon consumer, corporate, and government borrowing). Many of the measures of the New Deal sought to correct this imbalance by putting more money into the pockets of workers -- through minimum wage laws, support for unions, and Social Security.
You might define this as artificial tinkering with the market -- but keep in mind that wearing clothes is also not "natural". Man manipulates his environment. The free market is a powerful idea, but I don't think it has ever existed in a pure form. Look at the late 19th century where the great industrial barons of the age happily manipulated the government to get subsidies, high tariffs, etc. to support their industries.
by djjohn on Mon May 05, 2008 at 03:39:00 PM PDT
I just remember waking up that Wednesday and feeling sick to my stomach the rest of the day.
by yg17 on Mon May 05, 2008 at 11:41:58 AM PDT
we've been crying ever since
by arrogant1 on Mon May 05, 2008 at 12:27:51 PM PDT
and angrily--extremely out of character. I was wanting someone to stick up for W. I was wanting someone who voted for him to try to justify themselves. I, a conscientious objector, wanted to punch someone in the mouth. Then I went back to sniffling and feeling heartbroken. Worse than the night Nixon won. Worse than the night Reagan won again. One of the worst days of my life.
The constitutional crisis was over two years ago. It's been full-scale erosion since then.
by geomoo on Mon May 05, 2008 at 11:38:03 PM PDT
just after the election of 2004. People stopped them in the streets and basically asked WTF? My in-laws voted for Kerry.
"The Use of Unnecessary Violence Has Been Approved." Keith Olbermann
by CityLightsLover on Mon May 05, 2008 at 11:18:18 AM PDT
See?
John McCain--not so much old as obsolete.
by ohiolibrarian on Mon May 05, 2008 at 11:42:34 AM PDT
by bubbanomics on Mon May 05, 2008 at 11:47:04 AM PDT
wide narrow
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