Originally Posted by
JimmyS1985
I just wanted to make a comment on your assertion that social welfare policies are job killing and anti production.
In 1932 we had no social welfare policies in place. No Medicare, no SCHIP no EITC no Medicaid, no unemployment insurance, no food stamps, no Social Security, no TANF, no Public Housing, no Meals on Wheels, no Headstart.
If you lost your job, people had a tendency to lose all their belongings, their house, their car, everything. If you didn't work, you starved. If you were old and didn't save for retirement, you died homeless (kinda like Edgar Allen Poe).
Under these economic conditions and such a strong incentive to work for a living I would imagine the year 1932 would have been a hotbed of employment, work, production and a booming economy given all that incentive to work. Let me just check a quick Google search and find out if these ideal economic conditions led to a Golden Age of Capitalism in 1932.
Hmmmm.....Well this is most certainly "odd" to say the least. Have you ever heard of "The Great Depression"? I haven't. Apparently there was 25% unemployment, mass shanty towns outside of every major city where the living accommodations were wooden shacks made out of scraps of wood and cardboard boxes called " Hoovervilles". We had massive breadlines and our country was at risk for a great famine, mass bank failures, mass foreclosures on houses and farms. That is so odd I was expecting a huge economic boom in 1932 given the total lack of social programs but maybe that was a fluke? Who knows.