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To: oh8eleven
How FDR Made the U.S. Depression Worse

"Yet after all this, the grand promise of an end to the suffering was never fulfilled. As the state sector drained the private sector, controlling it in alarming detail, the economy continued to wallow in depression.

"The combined impact of Herbert Hoover's and Roosevelt's interventions meant that the market was never allowed to correct itself. Far from having gotten us out of the Depression, FDR prolonged and deepened it, and brought unnecessary suffering to millions. "

The apt comparison, of course, would be FDR's policies verses those of the Brits, French & Germans -- all of whom recovered much sooner than the US.

Somewhere recently I heard of a new book which talks about how shabby Hitler's economic policies were, and yet even they proved more effective than Roosevelt's!

33 posted on 01/03/2009 12:48:19 PM PST by BroJoeK (a little historical perspective...)
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To: BroJoeK
The apt comparison, of course, would be FDR's policies verses those of the Brits, French & Germans -- all of whom recovered much sooner than the US.
Bingo, and the only one I've ever heard do that comparison is Glenn Beck.
36 posted on 01/03/2009 12:55:20 PM PST by oh8eleven (RVN '67-'68)
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