The Great Depression

  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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October 13, 2012

Comments

Robert Torres

Dr. E.

This is scary, I guess history does repeat itself. Hilary came out this week and took ownership of the fiasco. Looks like we may be running into a Carter era after all this time instead of 4 years a possible 8 years due to media bias. Would you go out on a limb and confirm that? :)

Cheers

Dennis Elam

Robert

an interesting piece in the WSJ today Thursday oct 18 2012 by Phil Gramm makes the point that the number of people on food stamps has expanded by 18.5 million under Obama. The number on disability has soared. We are entitlement nation. If one is on food stamps and 47 million are, is that person likely to vote against the person that extended that entitlement to them? I doubt it. a TAMUSA grad might not find a job but someone else on disability and food stamps and you name it, who never took the college plunge, may be okay, as long as those college grads do find jobs and pay the taxes to support the rest riding in the wagon. In discussing this in class, I find that some students readily admit to needing some help and have used that at times, but are now in college trying to improve themselves. All citizens are not so motivated. Lifestyles can quickly adapt to available 'benefits.'

AS a former bankruptcy trustee I met many people who at their bankruptcy hearing testified that they were disabled. This person usually lived in their own house, got up, fixed breakfast, showered and such, dressed themselves, and then drove to the courthouse. I never met anyone in a wheel char now that I think about it, or using a cane for that matter. The reality was that like citizens of Greece the person had qualified for disability benefits. I notice signs around San Antonio of lawyers promising to help qualify someone for disability.Those are literally signs of our times.

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