Just like today, both sides were to blame for turning a short recession into a long depression.
And since that time, the former Republican and Democratic parties have converged, and now are merely wings of the Ruling Party, which don't differ on any substantial policy issues. Obama and McCain both demonstrated their complete incompetence w/r/t economic matters by voting for the bailout, as well as their contempt for the constitution.
The idea that WW2 ended the depression is a myth. The recovery didn't really get underway until 1946, when the new deal and wartime production board regulations were lifted.
The problems with the markets right now stem in part from a lack of confidence in the US internationally
I'd say it has a bit more to do with rampant inflation for the last couple of decades, while the Federal Reserve and the government steadily lied about it.
Do you think he'll get the Dems to undo the Patriot Act?
Not likely. The democrats like to wring their hands about abuses of power by the other guy, but they never act to reduce the power when their own guy is in the big chair.
Do you think he'll get to the bottom of and stop the Wiretaps on US Citizens?
Maybe, but I wouldn't hold my breath. I'm just glad that Hillary didn't get the chance to wield the power that Bush seized.
Do you think he'll have us 100% out of Iraq in the next week? Month? Year? Decade?
Decade, maybe. The war is the biggest corporate welfare program going at the moment, and bought-and-paid-for politicians like Obama are unlikely to rock that boat.
Will he magically fix the economy? If so, how long? What exactly is he going to do?
He's going to worsen the depression about as badly as McCain would have, but the blame will land entirely on Bush, since the crash that started it happened on Bush's watch.
I just hope that when he doesn't solve the economic crisis and "all of the worlds problems" that they don't blame him,
Obama has the good fortune that the crash didn't happen on his watch, so whatever he does to worsen the depression will be blamed on Bush by most people. They'll gloss over the fact that Obama voted in favor of Bush and Paulson's $850B robbery.
Hell, even today, most people think FDR ended the first great depression.
I can well imagine he was incapacitated or dead before impact
Could have had a CO leak into the cockpit, a stroke, a heart attack... Since it was so long after the crash the remains were found, we'll probably never know.
The mad died doing what he loved, flying a plane. I guess the lesson is that no matter how much experience a pilot has, flying is still a risky business.
The only major holdout is RAM, but I see it going serial eventually.
Well, depending on how you look at it, is sort of has already. FB-DIMM does parallel to serial conversion right on the DIMM. The DRAM chips themselves still have a parallel bus, but that bus doesn't even make it to the socket anymore.
It didn't help that when AMD was kicking Intel's butt in performance (Athlon 64 vs P4) AMD didn't gain much in market share because guys like Michael Dell said he'd never ship an AMD processor in one of his desktops, regardless of price and performance.
Well, going for higher quality in the windows/PC world was a sucker bet from the day that Dell opened for business.
This trend towards serial links reminds me of the INMOS Transputer. Of course, those links were a hell of a lot slower than modern LVDS communications, but it's funny to see these ideas come back around.
What does it even mean that it "scales to 256 cores", though?
SInce it's a microsoft product, it probably means that you'll get 1/256 the memory bandwidth, 1/256 of the context-switching performance, and 256X the interrupt latency. Of course, by the time they ship it, the CPU vendors will have chips that are about 256 times as fast as their current products, so it will be a wash.
The insurance company can afford to stiff you, because you're not their customer. Back when the patient paid the doctor, and the insurance company reimbursed the patient, foot-dragging on paying out a claim could cost them a customer, land them in litigation, all manner of expected consequences. Upshot: insurers went to their bought-and-paid-for legislators, and got regs to take the patient out of the payment/decision loop.
One of the problems with the healthcare in America is that insurance companies pay for whatever they figure is the least expensive treatment path. It's a bit of an issue when the least expensive one doesn't necessarily work.
Gee, if only we had some meaningful competition in the medical insurance business...
Unfortunately, in insurance as in many other industries, the regulations are written by their lobbyists for the benefit of their clients. Even if you had a couple hundred million dollars to enter the market as a new insurance company, the regulations would prevent you from offering any substantially different deal from your competitors.
Well, you and I both have some experience with the costs of regulation on medical devices. In my case, the Karyotyping system I was working on could have sold for well under $50K, but with the cost of FDA compliance it wasn't feasible to bring it to market.
There's a role for a government agency like the FDA, but it should be limited to ensuring that if I buy a drug, I'm getting what's on the label, not a pill full of chalk. The FDA (or the DEA, for that matter) has no legitimate constitutional role in overruling the decisions that I make as far as what treatments I may choose.
Slashdot Mirror
He voted for the bailout. QED.
-jcr
Just like today, both sides were to blame for turning a short recession into a long depression.
And since that time, the former Republican and Democratic parties have converged, and now are merely wings of the Ruling Party, which don't differ on any substantial policy issues. Obama and McCain both demonstrated their complete incompetence w/r/t economic matters by voting for the bailout, as well as their contempt for the constitution.
-jcr
The idea that WW2 ended the depression is a myth. The recovery didn't really get underway until 1946, when the new deal and wartime production board regulations were lifted.
-jcr
FDR, the original american socialist.
No, just the first one who got a serious amount of power.
-jcr
the republicans are still blaming FDR!
It's not just the Republicans, and there's certainly a lot to blame him for.
-jcr
The problems with the markets right now stem in part from a lack of confidence in the US internationally
I'd say it has a bit more to do with rampant inflation for the last couple of decades, while the Federal Reserve and the government steadily lied about it.
-jcr
Blaming Bush will only work for so long.
Want to bet?
Blaming Hoover worked for FDR's entire reign.
-jcr
Do you think he'll get the Dems to undo the Patriot Act?
Not likely. The democrats like to wring their hands about abuses of power by the other guy, but they never act to reduce the power when their own guy is in the big chair.
Do you think he'll get to the bottom of and stop the Wiretaps on US Citizens?
Maybe, but I wouldn't hold my breath. I'm just glad that Hillary didn't get the chance to wield the power that Bush seized.
Do you think he'll have us 100% out of Iraq in the next week? Month? Year? Decade?
Decade, maybe. The war is the biggest corporate welfare program going at the moment, and bought-and-paid-for politicians like Obama are unlikely to rock that boat.
Will he magically fix the economy? If so, how long? What exactly is he going to do?
He's going to worsen the depression about as badly as McCain would have, but the blame will land entirely on Bush, since the crash that started it happened on Bush's watch.
-jcr
I just hope that when he doesn't solve the economic crisis and "all of the worlds problems" that they don't blame him,
Obama has the good fortune that the crash didn't happen on his watch, so whatever he does to worsen the depression will be blamed on Bush by most people. They'll gloss over the fact that Obama voted in favor of Bush and Paulson's $850B robbery.
Hell, even today, most people think FDR ended the first great depression.
-jcr
Well, I remember this crash, but I haven't heard of too many others like it.
-jcr
I would like to mention that jcr is a troll
It would appear that some of the moderators disagree with you.
like a catholic priest loves young altar boys?
Heh... You toss off a line like that, and you call me a troll?
-jcr
I can well imagine he was incapacitated or dead before impact
Could have had a CO leak into the cockpit, a stroke, a heart attack... Since it was so long after the crash the remains were found, we'll probably never know.
-jcr
The mad died doing what he loved, flying a plane. I guess the lesson is that no matter how much experience a pilot has, flying is still a risky business.
-jcr
t's very hard to get the synch between the lines right
Clock skew, it's called. It's a pain in the ass to try to keep 128 traces all the same length and impedance matched.
-jcr
I believe he also said that there's no sex in the champagne room...
If you believe otherwise, then I have a bridge to sell you.
-jcr
The only major holdout is RAM, but I see it going serial eventually.
Well, depending on how you look at it, is sort of has already. FB-DIMM does parallel to serial conversion right on the DIMM. The DRAM chips themselves still have a parallel bus, but that bus doesn't even make it to the socket anymore.
-jcr
It didn't help that when AMD was kicking Intel's butt in performance (Athlon 64 vs P4) AMD didn't gain much in market share because guys like Michael Dell said he'd never ship an AMD processor in one of his desktops, regardless of price and performance.
Well, going for higher quality in the windows/PC world was a sucker bet from the day that Dell opened for business.
-jcr
What's wrong with parents these days?
-jcr
The innovator took all the costs,
Not hardly. There were a lot of other companies involved in developing Hypertransport, and Intel spent their own money to develop their alternative.
-jcr
This trend towards serial links reminds me of the INMOS Transputer. Of course, those links were a hell of a lot slower than modern LVDS communications, but it's funny to see these ideas come back around.
-jcr
What does it even mean that it "scales to 256 cores", though?
SInce it's a microsoft product, it probably means that you'll get 1/256 the memory bandwidth, 1/256 of the context-switching performance, and 256X the interrupt latency. Of course, by the time they ship it, the CPU vendors will have chips that are about 256 times as fast as their current products, so it will be a wash.
-jcr
There's a difference between knowing about a bunch of CPU cores and actually being able to scale up to use them.
-jcr
The insurance company can afford to stiff you, because you're not their customer. Back when the patient paid the doctor, and the insurance company reimbursed the patient, foot-dragging on paying out a claim could cost them a customer, land them in litigation, all manner of expected consequences. Upshot: insurers went to their bought-and-paid-for legislators, and got regs to take the patient out of the payment/decision loop.
-jcr
One of the problems with the healthcare in America is that insurance companies pay for whatever they figure is the least expensive treatment path. It's a bit of an issue when the least expensive one doesn't necessarily work.
Gee, if only we had some meaningful competition in the medical insurance business...
Unfortunately, in insurance as in many other industries, the regulations are written by their lobbyists for the benefit of their clients. Even if you had a couple hundred million dollars to enter the market as a new insurance company, the regulations would prevent you from offering any substantially different deal from your competitors.
-jcr
Well, you and I both have some experience with the costs of regulation on medical devices. In my case, the Karyotyping system I was working on could have sold for well under $50K, but with the cost of FDA compliance it wasn't feasible to bring it to market.
There's a role for a government agency like the FDA, but it should be limited to ensuring that if I buy a drug, I'm getting what's on the label, not a pill full of chalk. The FDA (or the DEA, for that matter) has no legitimate constitutional role in overruling the decisions that I make as far as what treatments I may choose.
-jcr