Zizzla_Rachet on 19 April 2009
| Kasz216 said: You know the Herbert Hoover thing really doesn't make any sense. I mean... we have the FDIC now. So a bank failing doesn't hurt the "little guys" in that regard. Also during the beggining of the Great Depression their was tons of credit out there... even with banks failing. It's just nobody wanted to borrow. That's why FDR's Kensyian polcies really didn't do anything other then give people "hope". The poor didn't end up spending most of their extra money. They saved it. Food prices and other stuff were dropping. Currently those prices are inflating due to the global food crisis. Basically the hope on this plan succeeding is hoping that poor people are a lot stupider with their money then they were during the great depression. |
But what good would poor people spending their money do...Make them rely on Goverment help more?
