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History Repeating Itself and Not in a Good Way
Constitutional Guardian ^ | 2/13/10 | Nancy Tengler

Posted on 02/13/2010 7:15:26 AM PST by timesthattrymenssouls

Do yourself a favor and get a copy of Amity Shales' The Forgotten Man, A New History of the Great Depression. Barack Obama's presidency and his economic policies are placed in context once you read Shales' account of FDR and his policies. Written in 2007, there is no way Shales could have manipulated the similarities.

Consider this account of the Roosevelt Administration in 1937, four and a half years after the New Deal was introduced and the economy refused to budge. She refers to this time as "a depression within the Depression. "

"...the Economist would conclude...that the United States "seemed to have forgotten, for the moment, how to grow."

Yet Washington was doing all the wrong things. Officials in the capital seemed arrogant, obsessed with numbers, and oblivious to the pain the nation was suffering. People were angry that Congress and the president had recently raised taxes. With business so hard, why make it harder?" (2)

Sound familiar? Shales continues with a story of the treasury secretary giving a speech before the Academy of Political Science during this time:

"There had been a national emergency in the past, the secretary told listeners. But now it no longer existed. The secretary then went on to conclude that the country must now "continue progress toward a balance of the federal budget."

A member of the audience laughed out loud in shock. The remark seemed so much at odds with the painful reality of that November.

...Washington had already made thousands of efforts to help the economy, yet those efforts had not brought prosperity." (3)

Policy is not where the similarities end. "Roosevelt offered rhetorical optimism, but pessimism underlay his policies. ...Roosevelt cared little for constitutional niceties and believed they blocked progress. His remedies were on a greater scale and often inspired by socialist or fascist models abroad." (6)

And finally: "The problem was their naivete about the economic value of Soviet-style or European-style collectivism--and the fact that they forced such collectivism upon their own country." (7)

Arm yourself with historical fact. Read The Forgotten Man. For as Jefferson said, "If a nation expects to be ignorant and free in a state of civilization, it expects what never was and never will be."


TOPICS: Business/Economy; Government; History; Politics
KEYWORDS: economy; fdr; greatdepression; obama
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1 posted on 02/13/2010 7:15:26 AM PST by timesthattrymenssouls
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To: timesthattrymenssouls

The author’s name is Amity Shlaes. Shales and Shale seem to be common corruptions of her name. It’s easier to find the book with the correct spelling of the author’s name.


2 posted on 02/13/2010 7:23:16 AM PST by jabchae
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To: timesthattrymenssouls

There is one very important difference. The Internet. FDR was very effective at hiding the truth about himself. So much so that to this day most people don’t know how terrible he was.


3 posted on 02/13/2010 7:25:50 AM PST by Nateman (If liberals aren't screaming you're doing it wrong.)
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To: timesthattrymenssouls

“Do yourself a favor and get a copy of Amity Shales’ The Forgotten Man, A New History of the Great Depression.”

Great book. A true classic. The infestation of socialists in the Roosevelt administration was an eye opener for me. All of their grandiose schemes and legislation had a theme of government control, redistribution of wealth or collectivism running through them. The net result of all their efforts were, in short, to greatly prolong the Depression.


4 posted on 02/13/2010 7:28:40 AM PST by Starboard
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To: timesthattrymenssouls

We seem to be repeating the policies FDR followed and that kept us in depression for a decade, until WWII. Deficit spending, public works projects, regulations, insurances etc.

They will try the same thing discussed here . . . raising taxes to bring the budget more in line.

Meanwhile the supply side solution of lower taxes always seems to work. If we combined that with lower government spending we’d have another American century.


5 posted on 02/13/2010 7:31:08 AM PST by Woebama (Never, never, never quit)
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To: timesthattrymenssouls; informavoracious; larose; RJR_fan; Prospero; Conservative Vermont Vet; ...
+

Freep-mail me to get on or off my pro-life and Catholic List:

Add me / Remove me

Please ping me to note-worthy Pro-Life or Catholic threads, or other threads of general interest.

6 posted on 02/13/2010 7:31:41 AM PST by narses ("lex orandi, lex credendi, lex vivendi")
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To: jabchae

Holy Cow! What an idiot. Thanks for the correction.


7 posted on 02/13/2010 7:36:12 AM PST by timesthattrymenssouls
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To: timesthattrymenssouls

Actually, not an idiot.

http://www.douglastwitchell.com/scrambled_words.asp


8 posted on 02/13/2010 7:40:22 AM PST by huldah1776
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To: timesthattrymenssouls

I have a copy but haven’t read it yet. I will start it next week.

I’ve got to finish “The Road to Serfdom” first.


9 posted on 02/13/2010 7:54:11 AM PST by rfreedom4u (Obama is intent on destroying America!)
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To: timesthattrymenssouls

I have a copy but haven’t read it yet. I will start it next week.

I’ve got to finish “The Road to Serfdom” first.


10 posted on 02/13/2010 7:54:11 AM PST by rfreedom4u (Obama is intent on destroying America!)
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To: Woebama

I think he will select the target for a war this year or perhaps one will be selected for him.

I also will not be shocked to see a national emergency declared prior to November. This may allow postponement of the normal election cycle which all indicators to date depict a massive loss in the democratic controlled house and senate.

Hussein will not allow that to happen, and his handlers will protect him with patriotic nonsense and war hype journalism.

Or not...


11 posted on 02/13/2010 8:00:12 AM PST by the anti-mahdi
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To: rfreedom4u
I’ve got to finish “The Road to Serfdom” first.

Read fast. The road has gotten much shorter, wider and faster recently.

12 posted on 02/13/2010 8:00:37 AM PST by KarlInOhio (Special SOTU tagline: YOU LIE!)
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To: timesthattrymenssouls

You should cut & paste in order to avoid these mistakes.


13 posted on 02/13/2010 8:26:37 AM PST by Misterioso (To deal with men by force is as impractical as to deal with nature by persuasion. -- Ayn Rand)
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To: Starboard
Another great book on the subject is The New Dealers War: The war within WWII, by Thomas Fleming.

He also points out all the Communists influence inside the WH and the administration including the President's wife, Eleanor. He points out clearly how the war was fought to save Joseph Stalin and the USSR from Hitler and Japan. He assured Communism's survival and expansion.

George Patton said we should finish the war while we were still prepared by destroying Stalin and his army. Patton was killed shortly afterward in a strange automobile accident.

14 posted on 02/13/2010 8:47:02 AM PST by Mind-numbed Robot (Not all that needs to be done needs to be done by the government)
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To: the anti-mahdi
I also will not be shocked to see a national emergency declared prior to November. This may allow postponement of the normal election cycle which all indicators to date depict a massive loss in the democratic controlled house and senate.

Welcome to the Conspiracy Nut Roundtable. I sit at the head of the table and I agree with you.

Bill and Hillary Clinton are just as Leftist as Obama but were held in check by Republicans in Congress. Same with Jimmy Carter. Now, with the large Democrat majority the nuts are trying to cement the deal with a complete takeover. They probably won't get another chance this good because the people have risen up against them. With the internet they can no longer depend on the media to keep the sheep pacified and in the dark.

15 posted on 02/13/2010 8:59:53 AM PST by Mind-numbed Robot (Not all that needs to be done needs to be done by the government)
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To: Leisler

This thread speaks directly to the discussion we had about the Great Depression. You may want to read it.


16 posted on 02/13/2010 9:01:15 AM PST by Mind-numbed Robot (Not all that needs to be done needs to be done by the government)
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To: Misterioso
I checked the original blog, and the error is there. I have seen this name misspelled more often than spelled correctly. For a long time I thought my town library didn't have this book in its collection because an author search on Shales didn't turn up anything.

I only pointed this out to spare others the same waste of time.

17 posted on 02/13/2010 9:11:28 AM PST by jabchae
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To: jabchae
From the blog linked to the original post:

Saturday, February 13, 2010 History Repeating Itself and Not in a Good Way Do yourself a favor and get a copy of Amity Shlaes' The Forgotten Man, A New History of the Great Depression. Barack Obama's presidency and his economic policies are placed in context once you read Shlaes' account of FDR and his policies. Written in 2007, there is no way Shlaes could have manipulated the similarities.

Spelling is correct.

18 posted on 02/13/2010 9:15:34 AM PST by Misterioso (To deal with men by force is as impractical as to deal with nature by persuasion. -- Ayn Rand)
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To: Misterioso

I’m glad to see she corrected this.


19 posted on 02/13/2010 9:45:56 AM PST by jabchae
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To: the anti-mahdi
"I think he will select the target for a war this year or perhaps one will be selected for him."

I have made the same analysis to some of my friends . I don't know if they think I am a nut or very wise. This is not a political battle but an ideological one. The marxists don't play by the rule of a democracy. They see power and power only. If the tide of the democracy turns against them they will divert the democratic process by any means necessary. The oldest play in the book is a national emergency, usually war. They have the power now and I fear will use it to obtain more power by any means. The internet also poses a challenge for control of the media. Any move to control the internet will signal the next stage in control of America. (Disclaimer: I don't listen to coast to coast or any of the other loonie bin types.)

20 posted on 02/13/2010 9:48:07 AM PST by strongbow
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