“Facts are facts: No president since Franklin Delano Roosevelt in the Great Depression inherited a worse economy, bigger job losses or deeper problems from his predecessor. But President Obama is moving America forward, not back.” FactsProblemJobsAmericaMovingPresidentLossEconomyBiggerDeeperPresident ObamaFranklinGreat DepressionPredecessorsJob LossFranklin Delano Roosevelt Author:Martin O'Malley
“The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.” GovernmentEconomyPeriodsDepressionPrivacyInherentSevereUnemploymentGreat DepressionInstabilityMismanagement Book:Capitalism and Freedom: Fortieth Anniversary Edition Source: Capitalism and Freedom: Fortieth Anniversary Edition
“The Recovery Act, which helped saved the economy and prevented us going into the Great Depression, was the largest investment in green technology, the largest investment in education. We rebuilt roads and bridges.” TechnologyEconomyGreenInvestmentSavedRecoveryBridgesGreat DepressionInvestment In EducationGreen Technology Author:Barack Obama
“Until the Great Depression, most economists clung to a vision of capitalism as a perfect or nearly perfect system. That vision wasn’t sustainable in the face of mass unemployment, but as memories of the Depression faded, economists fell back in love with the old, idealized vision of an economy in which rational individuals interact in perfect markets.” FacesIndividualMemoriesPerfectVisionEconomyMassCapitalismRationalUnemploymentEconomistFadedGreat Depression Author:Paul Krugman
“World War II was really unusual, because America was in the Great Depression before. So the war did help the US economy to get securely out of this decline. This time, the war [in Iraq] is bad for the economy in both the short and long run. We could have spent trillions in research or education instead. This would have led to future productivity increases.” WorldLongWarHelpingRunningAmericaEconomyResearchIncreaseIraqProductivityWar Of The WorldsUnusualWorld War IiDeclineWorld War ILong RunsGreat Depression Author:Joseph Stiglitz