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  Topic: Analysts noting economic parallels
between 1937 and today
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Analysts noting economic parallels
between 1937 and today

Union Leader [Manchester, NH], by Amity Shlaes

Original Article

Posted By:nhchemist, 11/21/2012 9:45:06 AM

Will 2013 be 1937? This is the question many analysts posed as the stock market dropped after the election. On Nov. 16, they noted that industrial production, a crucial figure, dropped as well. In this case, "1937" means a market drop similar to the one after the re-election of another Democratic President, Franklin D. Roosevelt, in 1936. (Snip) Industrial production plummeted by 34.5 percent. The Dow Jones Industrial Average dropped by half,

Comments:
For the good of the country, the Republican House must hold the line on taxes and give-away programs the Democrats love. History is about to repeat itself, but I don´t think it will be as farce.


      


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Reply 1 - Posted by: dolphin, 11/21/2012 10:05:35 AM     (No. 9027449)

The way the educated elite "liberals" are talking about the Jews and Israel right now sounds a little too much like 1937, too.

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Reply 2 - Posted by: Country Boy, 11/21/2012 10:05:39 AM     (No. 9027450)

The entire Dem party are a bunch of arsonists, intent on burning down the country.

What´s the point of giving them half of what they want?

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Reply 3 - Posted by: craige, 11/21/2012 10:07:12 AM     (No. 9027456)

Last week, I told my sister that Obama is the modern Roosevelt. She thought I was complementing Obama...

Few understand what Roosevelt did to the country. Usually one hears about it in economic classes. Most likely, few will understand what Obama is doing to the country.

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Reply 4 - Posted by: whyyeseyec, 11/21/2012 10:58:09 AM     (No. 9027570)

@OP: Boehner is pondering just how much he plans on giving in on tax increases as we speak. The man has no back backbone and he will not fight. After all, his first pre-Speaker interview was to cry on national television. That was his introduction to the nation. Not very inspiring....

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Reply 5 - Posted by: volksford, 11/21/2012 11:08:19 AM     (No. 9027600)

Better stock up on foods with a long shelf life and have home defense weapon/s. When the "entitled" class finds no food on the grocery store shelves they will feel "entitled" to yours.

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Reply 6 - Posted by: calgrammy, 11/21/2012 12:10:23 PM     (No. 9027758)

I with #1, have been thinking pre-WW2 Berlin.

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