Spain's economy is in the crapper as well

Discussion in 'The Political/Current Events Coffee House' started by trots 20-20, Jun 10, 2012.

  1. UtterlyImpeccable Well-Known Member

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    Interestingly, Spain has one of the lowest sovereign debt levels in Europe, at just over 60%. Which is lower than France, Germany and the UK.
  2. Shisno Doesn't know who did this

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    *got
    Where is your proof? The New Deal was awesome and your just whiny about it because a Democrat saved the US.

    Back on topic now, Germany is probably just so mad right now. Being the richest country in the Eurozone, they are probably pissed. And of course, the UK and Switzerland are just laughing.
  3. 1Historygenius Member

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    The economy in Australia started to recovered by 1932: http://en.wikipedia.org/wiki/Great_Depression_in_Australia
    The economy in Canada recovered in 1939 because of World War 2: http://en.wikipedia.org/wiki/Great_Depression_in_Canada
    The same with France as it built up to war: http://en.wikipedia.org/wiki/Great_Depression_in_France
    Portugal got out as soon as it started in 1929: http://en.wikipedia.org/wiki/Economy_of_Portugal
    UK was done by 1937: http://en.wikipedia.org/wiki/Great_Depression_in_the_United_Kingdom
  4. UtterlyImpeccable Well-Known Member

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    HAHAHAHAHA
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  5. Jingles Well-Known Member

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    So basically you're admitting that Keynsianism saved the rest of the world. Doesn't matter whether you're building bombs or roads, keynsianism is keynsianism is keynsianism.

    I'm basically just repeating what Demondaze said here but apparently it didn't sink in the first time. I completely fail to see how generating employment through re-militiarizing the country in preparation for war constitutes a 'hands off' approach.
  6. Shisno Doesn't know who did this

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    He doesn't want to admit that Democratic ideals saved America's economy :D
  7. 1Historygenius Member

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    Simple war = production of stuff
    war also = people doing jobs (fighting)
  8. Shisno Doesn't know who did this

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    War is caused by the government, and they create the demand for the jobs, so not hands off approach.
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  9. 1Historygenius Member

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    Businesses are what employ people to these jobs, may I also note that there was a high demand of supplies before the US got in. So because of an increase demand the economy was getting geared up. Also, the blame for this is hardly to FDR and the Democrats. Herbert Hoover and the Republicans interfered in the market to which included a high tariff passed in 1930. The problem is that all of them sucked because there all interventionist.
  10. Kali The World's Best Communist

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    Yeah, I seriously don't get people who say, "New Deal didn't work because it was just worthless government stimulus! WWII is what saved our economy!"
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  11. General Mosh Citystates Founder!

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    So you're claiming the army is a business? It would truly be a nightmare to see the world through your eyes.
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  12. Shisno Doesn't know who did this

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    It would be a nightmare to see the world through Rick Santorum's eyes.
  13. General Mosh Citystates Founder!

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    What about seeing it through Sarah Palin's eyes....
  14. 1Historygenius Member

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    Not the army, but businesses take their part in producing a lot of things for armies.
  15. Shisno Doesn't know who did this

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    But the government puts in that supply. They need the tanks, guns, bullets, cars, et cetera so they ask they give money to the industry's that make said stuff, and these business' in turn hire workers, but material to make the stuff, more et cetera. This isn't a hands-off approach by the government.
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  16. General Mosh Citystates Founder!

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    As Shisno said, there would not need to be people creating supply if there was no demand.
  17. Shisno Doesn't know who did this

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    @1Historygenius
    The only reason we are talking about this is in response to your statement that
    Your basically saying hands off approach = good, and we refuted that, yeah.
  18. General Mosh Citystates Founder!

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    Letting the economy fix itself in a little tiny bit of a recession is ok. But if it continues to get worse, then the government needs to get involved! Whats so hard to understand about that?
  19. Jingles Well-Known Member

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    The arms industry in America couldn't have employed so many people without the US government passing bills to rapidly expand the armed forces in the buildup to the war, likewise with foreign demand for American weapons, aviation fuel and raw materials. God, this really isn't that hard to wrap your head around.
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  20. 1Historygenius Member

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    So those Britain, USSR, and the other Allies. I am simply saying the New Deal did not help the Depression. Government demand for weapons is entirely different.

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