Obama might be the dumbest president we have ever had.

[theRepublic]

Avinash_Tyagi said:

You're right, its not the same, a few reasons why, first off we are acting much faster, FDR didn't come into office until 32, by then the Depression had been going on for years, with our current climate, we acted much faster, and so while the recession is painful we prevented it from going off the cliff, people compalin about the haste, but the haste was utterly necessary, in addition while back then they were much more tentative about spending to stimulate the economy, today we know that it is sound economic policy to spend our way out of a recession as well as increase the money supply (backthen our mometary policy was very different, I believe we had just come off the gold standard at that point but still had a fixed monetary policy), so while people complain about the increasing money supply and all the spending, they forget that this is necessary. Basically we are making much better choices faster today then in the 1920's and 30's. This is also why its a good thing the GOP is not in chargem with their policies this Recession would get much worse and very quickly.

 

So your argument that Obama's plans are stupid are historically and economically very weak, in fact his actions are correct, the only question is are they big enough.

Here's where we left the gold standard.