Thursday, January 8, 2009

No comparison between l929 and 2009

In igrnorance, we often hear it being said that todays National financial Calamintyis tantamount to the Great Depression. This is  tantamont to saying a King is as financially bankrupt as a Serf. In comparison with the livestyle, within thesetwo time frames we, as a people, are Kings.  To attmpt to draw an equivalancy, between the two, is impossible.  Our situation of today is so remote from what happened during the years of the l929 Depression, that there can be comparisom.The closet that you can coome in making any comparison, is during the JimmyCarter presidency, with interest rates blooning to 21.9 percent, inflation atl3 percent and unemployment at 9 percent.Comparing the two--the depression with today--is silly.  There can be no comparison!For Example: "During the spring of 1932, as the economy sounded the depths, thousandsof Americans were facing (across the nation) starvation. In Philadelphia, during an11 day period wehen no relief funds at all were available, hundreds of familiesexsisted on stale bread, thin soup and garbage.  In the nation as a whole onlyabout one-quarter of the unemployed were receiving any public aid at all..."Stil there is some comarisons that can be made, such as:  "The unprecedated severityof the depression led some persons to favor radical alterations of the country's economic and political systems and in the disparity between the rich and the poor..." Today, Obama's political steps/efforts are not new, in factthey go back to the beginning of the twentieth century.  Not only that, some of hisproposals for resolving this present fanicail fiasco are failed efforts of the past.He is not the Agent of Change he claims he wanted to be but, in fact, his plans areolder than  "dirt".  Some look upon Obama as the Second Comming of JESUS, in my mindI hope he is not like Judus, and selling out his country.In his plans for today, it looks like he is more interested in rewarding hisconstitue4ncy, the forty percent of our people who pay no taxes--than resovlingthe problem at hand.  Even a common crook knows that you cannot improve thesolvency of the bank by robbing the Bank!  There is an old axion quote that states:"Those that Rob Peter to Pay Paul, can always depend on the support of Paul."The Socialists/Progressive Democrats Know this all two well! The Messenger.

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