Anyone in a debunking mood? (Larry Elder alert)

[AspenRose]

Look at what I found in my mail today.

http://onenewsnow.com/Perspectives/Default.aspx?id=418424

Have at it!

[wyldwolf]

1. I'll get you started

Mr. President, tonight you criticized those who argue that FDR's policies failed. I'd like to read a passage from the diary of Henry Morgenthau, FDR's Treasury secretary: "We have tried spending money. We are spending more than we have ever spent before and it does not work. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises....I say after eight years of this Administration we have just as much unemployment as when we started...and an enormous debt to boot!" Please comment.

Perhaps both Henry Morgenthau and yourself should have done some fact checking. From 1933 through 1937, unemployment declined year after year in what was then the largest period of uninterrupted growth in American history; the Dow-Jones Industrial average rose nearly 400 percent. The New Deal only faltered afterwards, in 1938, as the President prematurely moved toward a balanced budget with less stimulative spending—precisely the course the Romneys, Kyls and Republican ideologues now demand. (I confess - though I knew this, the wording of this passage if from Bob Shrum)

[AspenRose]

2. Excellent!

I knew I could count on DU :bounce:

So many brilliant people here!

[wyldwolf]

3. here's a pretty decent timeline

http://www.huppi.com/kangaroo/Timeline.htm

[Kdillard]

4. Hope this helps

7) Tonight you blamed the economic crisis on the "failed theories of the last eight years," yet tonight you also criticized homeowners who put little or nothing down and purchase homes without the ability to pay their mortgages if "something goes wrong." Sir, which is it?


We have had eight years of deregulation and weakening of the safeguards to our Financial institutions that protected consumers from themselves and Financial institutions from taking too much risk.

[wyldwolf]

5. #2

A very strong case can be made that the recession of '81 is worse than the recession is now. It seems to me that economists believe today's recesion will get worse than the one in '81.

Here are three indicators of that:

1. US household net worth in 2008 declines (probably the largest decline ever reported when the Q4 stats are published) but net worth rose in 1981.

2. 2008 mortgage foreclosures/delinquencies are higher than in 1981.

3. Homeowner equity in 2008 is 23 percentage points lower than in 1981.

[AspenRose]

6. And what's with that swipe at Ed Schultz?

Bush had Sean Hannity, Neal Boortz and Rush Limbaugh at the White House CONSTANTLY!!!

JEFF GANNON, Hel-LOOOOO!!!

[bertman]

7. I too would like some answers to the Geithner question, the lobbyist question, and

the question about using different interrogation techniques.

Thanks for the good info on the other questions by DU'ers.

[Zomby Woof]

8. Ignorant fucks like Elder

are not worth the effort. They are in love with their ignorant certitude. It can't be cracked with reason or facts.