Source: AP Photo/Craig Ruttle
Posted on 10/22/2019 7:27:06 AM PDT by Perseverando
Source: AP Photo/Craig Ruttle
The great Austrian economist Murray Rothbard elucidated, “Before the massive government interventions of the 1930s, all recessions were short-lived.”[1] The deceptive narrative of collectivists about the “Roaring Twenties” and the New Deal goes like this:
Capitalists and speculators went wild with greed in “The Roaring Twenties,” leading to a stock market crash and hard times. Banks closed, once prosperous workers sold apples on street-corners or became hobos in shanty-towns, while Republican President Herbert Hoover did nothing for the destitute and suffering nation. Then FDR arrived on the scene, inspiring new hope with his golden words “the only thing to fear is fear itself” and a flurry of radical reform in his first hundred days in office. While conservatives squealed, this “new deal for the American people” improved the lives of everyone and got the economy humming again – just in time to face the challenges of World War II.[2]
Franklin Roosevelt worked hard to derail the Great Experiment and had utter disdain for American exceptionalism. He believed – and implemented through legislative and executive orders – that the federal government, and more specifically his federal government, was the best and wisest option for control and decisions for all Americans. “Using the radio and press openly, Roosevelt drives to the restricting of the U.S. economy taking place through a broad range of programs. The goal of these actions, to “stabilize the economy for all times” and ensure “greater security for the common man” are themes which occur again and again in the Fireside chats and press conference transcripts from 1933 to 1938. Roosevelt is quite visible, and vocal, in his effort to restructure the social rule system to ensure greater distributive equity.”[3]
“During the New Deal, for the first time in the
(Excerpt) Read more at finance.townhall.com ...
Only a liberal could take the "Great Depression" and make it longer and worse than it was. It took Hitler to make him look like a hero.
Most people give me a funny look when I say that FDR was a vile evil monster. Even my Republican mother-in-law who was born in 1926.
Nobody talks about the recession of 1921 because the government did absolutely nothing and the economy bounced back on its own. Under FDR America tried socialism and the results were predictable and terrible. People standing in bread lines and things like that. His policies pushed the unemployment rate from 6.9% to double digits for the entire decade of the 1930s. FDR didn’t save America - his death saved America.
He engineered backroom deals, abused his office and repeatedly acted outside the Constitution (alphabet agencies, court packing), had affairs, and grew government in alarming fashion.
He was Carter, Johnson, Clinton and Obama rolled into one. No wonder the lefties adore him.
Yep. Worst president ever. He paved the way for the ones you mention. His overreach of power was frightening.
Woodrow Wilson set the table for FDR.
FDR's policies were so unpredictable, varied, and constantly changing, that no one could no what investment was "safe" so no one invested much.
WWII ended the Roosevelt Depression. That’s why some suggest he knew about the pending attack on Pearl Harbor.
FDR knew we were going to be at war eventually, after Germany invaded Poland. It was just a matter of what would supply the spark.
The book FDR’s Folly - How Roosevelt and his New Deal prolonged the Great Depression by Jim Powell is well worth reading.
Thanks for nothing Woody.
The thirties, and the manufactured depression, brought the world three dictators; Hitler, Mussolini and FDR. All were socialists. Two were extreme nationalist, one a globalists. The US has never fully recovered from the path FDR put us on.
I read “The Forgotten Man” by Amity Schlaes. I especially enjoyed the account of how the kosher butchers in Brooklyn took down the National Recovery Act over the federal government was trying to prevent their customers from picking out their chosen chicken to purchase.
Woodrow Wilson and FDR were both racists too. Look at what FDR did to the Japanese Americans. What did FDR ever do for the black people?
Woodrow Wilson set back race relations by decades.
But Democrats don’t ever talk about that.
Yes, Wilson gave us the Federal Reserve without which the Depression probably would not have happened.
He liked Fascist better.
obama had 8 years and did his best to wreck the economy.
Once FDR was gone the economy took off.
Once obama was gone the economy took off.
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