[0:01:08] ... Almost 16%. Greece is in their first recession in sixteen years the list goes on and on and on. And then we have our problems our national debt is on ...
[0:07:44] ... us to never. -- ever forget the lessons they learned in the Great Depression. ...
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[0:01:31] ... end of World War II. No No -- how about 1930s. The Great Depression No -- and I'm out of chalk board can we get some tape I wanna hang on this may take a second. ...
[0:02:51] ... was 1791. Follow this 17911800. Civil war 1791 1800. of the century. The Great Depression World War II the great society Ronald Reagan in 19952000. -- And 1995 2002. still -- six weren't at now -- let me ...
[0:06:19] ... past ready look at this put it -- up We're in a recession now people -- argued we were a recession. We're wearing in a recession I think we're on the edge of the a because of what we're doing. Okay so we have skipped a deep recession. And -- skipped even the Great Depression we went right to the collapse of the dollar they went right to global currency one world government and a new world ...
[0:12:38] ... create an adoption cycle -- investment cycle a bull market and an economic expansion. Those things -- were all talking about. They're not likely to -- to land on these shores that that the benefits ...
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[0:00:34] ... to unfreeze the credit markets. So that we can avoid a major global depression. History shows that the greater threat to prosperity is not too little government involvement. -- do much. President Bush making those comments ...
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[0:06:57] ... selected for initial areas of focus. Education. Global health human freedom. And economic growth. Programming will start this spring. Under the leadership of the institute's first executive director. In innovative journalists scholar and ambassador. Jim ...
[0:17:25] ... Internet. To promote democratic change. The issues fourth period focus will be economic growth. I believe the role of government -- to create wealth. But to create the conditions that allow entrepreneurs and innovators to thrive. I believe in the power free enterprise. Which made the decision to -- last fall when most difficult of my presidency. When I guess my free market instincts. And approve a temporary government intervention to unfreeze the credit markets. So that we can avoiding. Major global depression. As to a recovers we're gonna face it temptation. To replace -- risk and reward model for the private sector. With a blunt -- of government spending and control. History shows that the greater threat to prosperity is not too little government involvement. -- too much. The bush institute will devote itself. Promoting economic growth at home and abroad. Former first projects would -- to be it will be to convene a task force of leading economists. To promote free trade. Trade. Has been one of the world's most powerful engines for economic growth. And while most effective ways to lift people out of poverty. Get a sixty year movement toward trade liberalization is under threat from creeping protectionism and isolationism. The bush institute task force will analyze the benefits of trade. That trade is delivered in the past. And the opportunities it can create for American workers. And developing nations in the future. -- the key ingredient to economic growth as a clean affordable reliable energy supply. Thanks to recent advances in drilling technology America's natural gas reserves have expanded by ...
[0:19:49] ... titled natural gas nation. Experts from around the country. Will explore the economic. Environmental and national security and its consequences. Of the boom in natural gas. The -- to help educate Americans. On these dramatic new discoveries. And point the way toward stronger cleaner economic growth for America and the world. Within all -- focus education global health human freedom and economic growth. The bush addition to prioritize involvement from two important groups. Social entrepreneurs and women. Just as business judgment -- pioneer new ...
[0:22:27] ... women's and -- The women's initially will focus on advancing social and economic opportunities for women and girls around the world. And it will be integrated into every part of the institute's. ...
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[0:00:41] ... we've been through the worst crisis as you all know since the Great Depression. And a lot of what was it -- just recklessness that when. You hope to visit him. And so by setting capital ...
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[0:01:10] ... freedom and brought us closer to a socialist state. Ben Franklin Delano Roosevelt. FDR closed banks confiscated property. Invalidated private contracts. Regulated prices and wages arrested Americans on the basis -- ancestry and even let the Japanese -- defenseless Pearl Harbor. He was at first praised by many of the liberals and his own party. And then as the depression worsened and -- his authoritarian rejection of American values became more apparent and made it worse. Many of his own folks even turned on him. It has been argued persuasively. That FDR's utter contempt. For limited government and individual liberty and the free market. Actually created a new generation. Of classical liberals today called libertarians. Whose initial love of liberty was first challenged by him. My next guest has made just such an argument recently. He and I believe that FDR single handedly -- the need to watch whatever the government does. Joining me -- I was -- associate editor at reason magazine what -- FDR doomed so aroused hatred even into the present generation. ...
[0:03:49] ... About the generation of observers of FDR. Journalists and commentators of the day who welcomed his defeat of Herbert Hoover and ended up becoming someone -- biggest adversaries. One ...
[0:04:54] ... it's going too far with the new deal and speaks out against Roosevelt. ...
[0:05:18] ... too much power to the -- one of the things that today FDR did and -- Democrats -- controlled congress let -- twos do which really aggravated a lot of people was to rule by fiat. And then have the rule codified into law for example it was FDR. On his own by signing a piece of paper that suddenly made criminals of tens of millions of Americans who own gold. ...
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[0:04:02] ... you can keep growing really economy. Then you come out of a recession. You. People wave form of depression. You've got more people work through and you've got more exchange of. ...
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[0:00:33] ... Times says it is almost certainly the worst jobs picture since the Great Depression. So when will the job market pick up again joining us live senior economic writer for The Wall Street Journal. And the author of the end of prosperity Stephen Moore thanks for joining us even. -- ...
[0:01:41] ... you just -- that's the worst employment picture we've seen since the great depression and -- interstate when you think about this in the context of what they'll have -- just saying about the stock market. ...
[0:02:21] ... Joe Biden runs around the country telling the American people that the economic fiscal stimulus plan has worked. Well beyond his wildest dreams most Americans are wondering what country he's talking about. I mean the ...
[0:03:18] ... You know we mentioned the Great Depression. Some people now saying you know FDR's new deal everybody says it ended the depression but some people believe it prolonged it what about that approach. ...
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