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Posted on 06/19/2010 9:31:07 AM PDT by timesthattrymenssouls
The bad news is, it will likely get worse before it gets better.
The parallels between the current economic situation and the economic crisis in the 1930's is remarkable. Also noteworthy is the similarity between the strategies employed by president elect and then president Franklin Delano Roosevelt and Barack Obama.
All of the following examples are cited from Amity Shlaes, The Forgotten Man.
The routine of targeting class enemies in the name of reform would become Roosevelt's hallmark (Shlaes 133). Roosevelt reminded his listeners of the importance of the fact that "our last frontier" had long since been reached...growth would not provide for the poor; only redistribution (135). On the matter of Roosevelt's election: Among the most pleased were the Soviet leaders. "Russians Hopeful of 'a New Deal,' ran the headline...from (the) New York Times (140). In response to Hoover's appeal to president elect Roosevelt for cooperation on the banking crisis: But Roosevelt was not interested in cooperation. We will never know all of his motives, but it was clear that a crisis now could only strengthen his mandate for action come inauguration in March (142). Comments from Tugwell, one of Roosevelt's adviser's on what the new administration's plans were: "Drastically higher income and inheritance taxes," among other sweeping changes (143). The country indeed saw Roosevelt as a savior (145). After a failed assassination attempt: "I have never in my life seen anything more magnificent than Roosevelt's calm," Moley wrote later. Hope ran high after Roosevelt's election and inauguration. The market's rallied.
Eventually reality set in.
It’s a dangerous myth (and part of the strong delusion), that we are simply in a cycle. We aren’t...all things changed on 11/4/08 - nothing is the same.
Even so, I think with sound principles and a good bit of austerity, we could come out OK. But Obama and the Democrats are enemies from within. We've never seen that before, and it's hard to think of a country that has. Lenin or Mao, I suppose. But Obama wants to take us down and he has arrived on the scene at a very bad time.
Thank you. It’s pretty clear that Chairman O wants to create an economic circumstance from which a Socialist State will arise.
When I said such things in Nov/08 here on FR, I was poo-pooed.
Assassination attempt on FDR.
http://digital.library.miami.edu/gov/FDRAssn.html
excerpts:
Zangara, an Italian anarchist, had lived in New Jersey since 1924, and had only been in Miami for a couple of months.
One bullet struck Chicago’s Mayor Anton Cermak who was shaking hands with Roosevelt at the time.
Although Zangara said he acted alone, some evidence and theories link him with organized groups responsible for additional terrorist acts. Others claim that Zangara’s true target was Mayor Cermak, who had alleged ties with organized crime.
"A little known fact of the Obamacare Law (among many other unpleasant surprises in the fine print you can be sure) is a 3.8% tax to be imposed when you sell your home--most people's greatest or only asset. 3.8% to Uncle Sam right off the bat. So how will that tax impact those who are involved in distress sales, who are underwater on their homes? "
It is no myth that history repeats itself. My point is that the similarities are chilling not that we are not in deep...you know. But, frankly, I have to disagree with you. Very much is the same. The drive toward socialism. The classs warfare and demagoguery. The utter disregard for the welfare of the people. The Constitution. Debt crisis, deficit spending proposals...the similarities abound and in the midst of it all—Hitler—almost unnoticed—came to power. Oh yes, the similarities are great.
And we survived.
I believe it. People are funny. Ya gotta slap some of ‘em upside the head to make ‘em believe. I was especially amused by the ones stacked three deep at the counter in the gun stores.
Awesome. Thanks.
If I didn’t believe the strong delusion had been sent, I might agree with you.
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