Is Obama finished?

[King]

You weren't taught this in school but Harding got us out of a depression with capitalism. Look up the depression of 1920. Only democrats blame problems on the man.

Huh? The Roaring Twenties and Harding-Coolidge laissez faire is a mainstay of U.S. History curriculum.  The economic boom created by them is taught in every high school in the United States.

The problem was that it was built off a giant non-capitalistic bubble, much like the housing market in the 2000s.  Harding jacked up tariffs to create false trade surpluses with Europe, a continent that was already severely in debt to the United States do to WWI expenditures.  It lead a lot of money to be made domestically, but once the foreign banks dried up, so did the economy.

It wasn't a free market solution.  It was a government bailout to domestic industries that were struggling to compete with foreign producers.

[King]

You weren't taught this in school but Harding got us out of a depression with capitalism. Look up the depression of 1920. Only democrats blame problems on the man.

Huh? The Roaring Twenties and Harding-Coolidge laissez faire is a mainstay of U.S. History curriculum.  The economic boom created by them is taught in every high school in the United States.

The problem was that it was built off a giant non-capitalistic bubble, much like the housing market in the 2000s.  Harding jacked up tariffs to create false trade surpluses with Europe, a continent that was already severely in debt to the United States do to WWI expenditures.  It lead a lot of money to be made domestically, but once the foreign banks dried up, so did the economy.

It wasn't a free market solution.  It was a government bailout to domestic industries that were struggling to compete with foreign producers.

Yes the roaring 20's are taught, but what else is taught is that capitalism fails and FDR's government programs are needed. I'm referring tot he depression of 1920.

What's taught is that using capitalism to cheat fails and that's a true statement.  If Harding had really got us out of a depression, there wouldn't have been another much larger one just 9 years later.  He created a bubble, much like the housing bubble created through the low interest rate and subprime mortgage deal in the 2000s.

My history teachers all also mentioned that the New Deal didn't really improve the economy much and we didn't get out of the depression until WWII propped up the defense industry and sent the remaining bunch of unemployed people overseas as soldiers.

[King]

WWII is what brought us out of the depression but even that was supply and demand. My teachers were in love with FDR's agencies and had us memorize the letters and what they stood for.

Well, while there were not effective getting us out of the depression, they are still important to history.

I'm not disappointed that I know what the Tennessee Valley Authority is and what it still does to this day.