Skip to comments.Amity Shlaes: Obama slanders the 1920s, ignore key lessons
Posted on 10/26/2012 7:01:28 PM PDT by TurboZamboni
When it comes to our foreign policy, you seem to want to import the foreign policies of the 1980s, just like the social policies of the 1950s and the economic policies of the 1920s," President Barack Obama told Mitt Romney in their final debate.
Obama got sloppy here. Presumably, the president was suggesting the 1920s represent economic failure. The decade represents just the opposite, as measured by the very goals on which the Democrats base their 2012 presidential campaign.
Growth: Obama has spoken often and forcefully about economic growth. In just one debate, the second one, the president used the term "grow" when discussing the economy 13 times, whereas Romney said "grow" or "growth" eight times. The 1920s had strong growth: Real gross domestic product increased an average of 4 percent per annum.
Higher wages for skilled workers: "I want high-wage, high- skill jobs," Obama has said. Weekly wages increased in the 1920s, especially in the president's preferred area -- higher- skilled jobs. Overcoming joblessness, Obama has said, matters hugely to our future.
"We've seen 30 consecutive, 31 consecutive months of job growth, 5.2 million new jobs created," the president said in the second debate. The actual unemployment rate currently sits at 7.8 percent, and the Obama case remains that more stimulus and support are necessary. Contrast that with the 1920s. Confronting a jobless rate of 11.7 percent in 1921, policy makers acted by cutting the federal
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She’s so cute when she talks. A little cutsey wootsy brainy thing.
it’s hard to believe she’s 51 years old now. 4 kids. Married a guy 14 years her senior.
4 kids and 14 years her senior? He must be a great dancer as well as having big biceps.
“The Forgotten Man: A New History of the Great Depression” is a GREAT book...be sure to read it.
When you’re done reading Mrs. Shlaes’ book, pick up “New Deal or Raw Deal?: How FDR’s Economic Legacy Has Damaged America” by Burton W. Jr. Folsom and “FDR’s Folly: How Roosevelt and His New Deal Prolonged the Great Depression” by Jim Powell. You’ll have a completely different view of the 30s after reading these three. For a great capstone, finish off with “Freedom’s Forge: How American Business Produced Victory in World War II” by Arthur Herman.
wow I thought she was in her late 30s! Im seeing a lot of 50 year olds that dont look so old, maybe im just getting older.