Based on the FDR era recovery period was delayed 7 years because of his interference, the current recovery period under Obama’s interference may be delayed forever. What a mess!!!!!
I have always found Democrat support for labor cartels odd. Democrats now are strident against collusion among businesses except for government influence that forces higher prices. Democrats openly support labor cartels somehow justifying labor cartels as fair even when cartels increase taxes and reduce government services provided. One might conclude that Democrats would favor competitive bidding in government services to maximize the amount of services provided.
In my mind, disdain for property rights is the overriding mindset of Democrats. The more wealth and income, the greater the disrespect by Democrats for property rights. Democrats spend every waking moment concocking schemes to violate property rights and destroying incentives to produce. Democrat schemes are essentially transferring property rights from producers who bear risks to workers bearing no risks. Democrats feel the natural order is to force risk bearing producers to transfer property rights to favored worker groups. Thus we see incredible income by relatively low skilled workers (bus drivers, auto workers, dock workers, and government workers). Democrats then transfer immutable property rights through ridiculous claims to retirement compensation. These groups have strong contractual rights to force risk bearing producers and taxpayers to pay for their property rights acquired through legalized theft. Who needs the mob for enforcement when the Democrats enforce through the state?
Notice the passive voice. Thought by whom? Answer: Keynesians and other statists, which includes essentially all journalists, and govermnent-sycophant "economists."
Not news to me. My parents (and grandparents) hated FDR. When I was growing up I remember hearing them talking about how FDR’s policies made things worse not better.
“We found that a relapse isn’t likely unless lawmakers gum up a recovery with ill-conceived stimulus policies.”
“Ironically, our work shows that the recovery would have been very rapid had the government not intervened.”
Looks like it’s going to be a long cold recovery.
Just the other day I was reading an essay by a man named Likoudis. He said one of the greatest critics of the Roosevelt administration and its corruption was Fr. Coughlin, whose newspaper Social Justice often provided better reportage on New Deal shenanigans than Time Magazine.
Coughlin's newspaper, which was also skeptical of war, was suppressed during World War II, and he has been tarred as an anti-Semite (with some justification). However, FDR's lofty reputation is a side-effect of wartime censorship.