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To: STONEWALLS

Are there any books available on how ‘Main Street’ businesses reacted to FDR’s policies?
There were many during the GD that went to jail because they did not follow the NRA guidelines as I understand, and resented greatly the government intervention. Then there were those who found they could profit with FRD’s policies.
But were the sentiments the same back then as now concerning business? As Ray Moley discovered in order to have economic ‘central planning’, you would need a police state. The rules were/are being so changed to punish the productive that many businesses withdrew and decided to wait them out. (Such as the ‘Capital Strike’ as FDR called it, leading to a ‘undistributed profits tax’)

Many small business owners such as myself are refusing to participate in ‘Obamanomics’.


16 posted on 04/23/2009 7:45:45 AM PDT by griswold3 (a good story is more compelling than the search for truth)
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To: griswold3; SoCal Pubbie; ClearCase_guy

“Are there any books available on how ‘Main Street’ businesses reacted to FDR’s policies?”

....I don’t know except that Main Street was slow to react to the Crash of ‘29 because at first there was no noticable change across Anerica....the attitude was “so what if Wall Street crashed, Main Street is still OK”...then slowly thru 1930 and 1931 and half of 1932 things got worse and worse and worse....I think that’s where we are today....it’s a slow spiral down and down until a bottom is finally in.

......I appalaud your rejection of Obamanomics and wish you well.


18 posted on 04/23/2009 8:19:29 AM PDT by STONEWALLS
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