During the depression:
A. The president knew what he was doing.
B. The unions were not as strong, greedy.
C. There were no tree huggers, fish huggers, bird huggers standing in the way.
D. People wanted to work.
E. There were no deep pockets (BP) standing around waving money.
Here is a lot of myths regarding the Big Depression, which has been 'researched' by a lot of politically motivated 'researchers'. Most of them Americans. Today it is vital to see the difference between pure political propaganda and economical research.
A. It is obvious that the US president at the time had no idea of what his lack of action would result in.
B. The trade unions all over the world, not the least in USA, came out very strong AFTER the crisis. The cementing of trade union power in the 30' was the foundation of the economical growth of the ordinary man and woman up until Reagan and Thatcher. They attacked the trade unions and started borrowing money - creating the crisis we see today.
C. We shall be greatful for the treehuggers etc of today. Otherwise this would not have been called a crisis at all. Re. the oil spill situation in the Niger Delta in Nigeria.,
D. Both now and then; people want to work! This notion that the unemployed are just lazy is wrong! Since the Missisippi Delta fishermen were in the process of depleting the fish resources in the region, it could well be that this oil spill is a good oportunity to employ the fishermen otherwise for a while.
E. The pockets were much deeper then than today. - Nor is BP a good example of the deep pocket of today. BP is large, but not that profitable. We can all be glad that BP can take the blame for this disaster and stand up.
Talking of deep pockets: When is Dow Chemicals/Union Carbide going to pay up their compensation for killing 25.000 people in this gas leak disaster in Bhopal, India? So far they have paid nothing!
What is a frightening sign of today is the absolute power of the super large multi national companies. Which is also a result of the deregulation of Reagan and Thatcher. Read my lips: BP is not going to pay anything near 20 billion $ for this disaster. Not as long as Exxon got away with paying only about 500 million $ of it's awarded 5 billion $ compensation. BP's lawyers will insist on some justice in all this.