There is NO comparision to the recovery after the great depression. These are different times and different circumstances. First and foremost, after WWII, this country went on a GOVERMENT RUN EXPANSION to build roads, bridges, cities, towns, infrastructure, schools and our military.
We made shoes, clothes, furniture, cars, boats, planes, trains, rails, airports, books, magazines, dog food, agriculture, etc etc etc and entered into the largest expansion of the United States of america in HISTORY.
The recovery was HUGE because our manufacturing industry was at 45% of GDP in those times. ALL the way up to 1980, the year Ronald Reagan took control, our manufacturing sector represented 41% of GDP. IN any recession, this industry EMPLOYS PEOPLE and rebuilds the middle class and increases demand for goods.
After Reagans 8 years, that 41% became 30%, after BUSH 1 that 30% became 19%, after Clinton, that 19% went back up to 30% and after 8 years of good old BUSH2 and the gop controlled congress and senate, that 30% became 9% !
Yes, 9% of GDP. since the great depression, our corporate friends with the help of the GOP outsourced our entire manufacturing industry to third world countries to increase profits and in the process, they screwed america in the long run. That long run is what your seeing today.
We no longer make anything. Our auto industry has been reduced to three companies, while millions of foreign cars are imported into this country. We no longer make the basic things that made this country great.
No clothes, no shoes, no books, no furniture, heck, dog food is made outside the country. Same for toothpaste. Everything is centered in China or other third world slave countries.
ROMNEY himself outsourced ALL the OLYMPIC items to third world countries in order to turn a profit in the salt lake city games.
Without industry, we cannot duplicate recoveries of the past. There just isnt the jobs to make that happen. Since Reagan, over 65 thousand factories have closed and moved overseas.
Do you know how many people that employs?
Of course the recovery will be slower, and thats the reason the goverment has to do something to change the course of this country. Jump starting industries is the way to do it. In the last 4 years, SOLAR has become a huge business, private business that is employing thousands of people in every state of the union. This did not exist under BUSH.
These new industries will help pave the way for the future. If the GOP had its way, it would simply put all solar companies out of business and import solar components from china.
You have to think outside the box bro, this isnt 1942 anymore. Its a whole new world.
As for bailouts, dont forget, BUSH left 11 trillion dollars on the desk of the president for all americans to repay at a high interest rate. 1 billion dollars a day for a fact.
OBAMA has stopped the bleeding from what was a near depression of this country after BUSH. 2 wars unpaid, GOP sponsored bills UNPAID, the collapse of the banking industry, the collapse of the housing industry, the collapse of the middle class, and somehow, YOU THINK OBAMA should have had this fixed, corrected and the ship righted in 4 years???
Please, tell me you dont believe this?