bigmanofds
Well-Known Member
I am not going to go into this from a religious standpoint because it is base on faith. We both can read a bible verse and we both can have our on take on it. Also, I do not want to come off as something I am not. But having the churches taking care of the poor is a good concept if you have the belief that most human beings are going to always do the right thing when come to the church. However, all churches are not interested in doing Gods work all the time. I can pick up any newspaper in America and find some story of a pastor stealing money from his on church. I am going to leave that alone because it is going to come down to which you want stealing your money, government or the church.
Now as for as Bush signing the economic plan, he had to or our country would have went into another Depression. Monetarist, including Milton Friedman and current Federal Reserve System Chairman Ben Bernanke, argue that the Great Depression was mainly caused by monetary contraction, the consequence of poor policymaking by the American Federal Reserve System and continued crisis in the banking system. In this view, the Federal Reserve, by not acting, allowed the money supply to shrink by one-third from 1929 to 1933, thereby transforming a normal recession into the Great Depression. Friedman argued that the downward turn in the economy, starting with the stock market crash, would have been just another recession. However, the Federal Reserve allowed some large public bank failures which produced panic and widespread runs on local banks, and the Federal Reserve sat idly by while banks collapsed. He claimed that, if the Fed had provided emergency lending to these key banks, or simply bought government bonds on the open market to provide liquidity and increase the quantity of money after the key banks fell, all the rest of the banks would not have fallen after the large ones did, and the money supply would not have fallen as far and as fast as it did. With significantly less money to go around, businessmen could not get new loans and could not even get their old loans renewed, forcing many to stop investing. This interpretation blames the Federal Reserve for inaction, Obama basically used this historical data to bring the Dow from 6700 to around 9400 were it is now. I hate this big government small government argument. I want effective government big or small. Remember, the auto industry came to the government in private jets begging for money. Bush or Obama did not seek them out.
And as for State’s right, if States had total control me and you would be still drinking from the colored folk water fountain.
