In reductionist simple form during the 1929 Great Depression a remedy untried, until that time, saw government taking some collective responsibility for the unemployed of this nation which numbered then around 25%. That's a lot of unemployed.
Roosevelt and his team reasoned if jobs -- government jobs -- were created and the unemployed millions could get them, they in turn would spend money and eventually these perfects against the Wall Street created Great Depression could lift the masses out of their quick-sand fate. It worked for a time until the usual Republican obstructionists suspects temper tantrumed it and the "nine old men" (as Roosevelt called them) on the Court put a monkey wrench into Roosevelt's plan. So what else is new about Republicans hindering a government plan that works? Eventually, WWII and massive government spending to win the war fixed it, we thought, for good.
Our Great Recession of 2009, created again by an unregulated Wall Street gone haywire, our history and Great Depression reforms were obliterated by the Ayn Randian trickle-downers who thought the value of capitalist selfishness on steroids was heaven and just what the doctor ordered. Unfortunately it nearly killed the patient yet again.
The same 1929 remedies that needed to be perfected in 2009 were not or if they were they were created minimally. Because of the the 2010 Republican midterm sweep obstructionist politics reigned supreme. The hope of Democratic policies that the President wanted could have created jobs but instead the hope disappeared like a mirage in the desert and he was fought at every turn.
Below is an article that starkly shows why I say elections matter. Republicans and their side car Tea Bag know nothings eradicated money for government agencies like the CDC which was working on an Ebola vaccine, they eradicated an extension of unemployment which would have significantly helped the middle class stay solvent and more stimulus which would have created more jobs. More jobs means more taxes coming in, reduces the deficit and also means government can continue to help its people while the economy improves.
The article below on NBC News explains the sad state of what once was a nation of middle class hope but now is a nation mired in despair where money is solely in the hands of the 1%. It is why I say Republicans must NEVER be elected to positions of great power. It is for these reasons I scream -- GET OUT THE DEMOCRATIC VOTE ALL OVER THE NATION. REGISTER DEMOCRATS TO VOTE AND MAKE SURE THEY DO!
Highly Educated, Unemployed and Tumbling Down the Ladder
42 and Living With Roommates
“I applied to a supermarket as a deli clerk because I used to be a deli clerk as a teenager.”
Wiped Out by Student Loans
“Anything that could be liquidated has already been liquidated.”
The Psychological Toll
I probably won’t retire. I probably will be working until the end the way things look now.”