Posted on 11/01/2010 7:54:07 PM PDT by jazusamo
Guess who said the following: "We have tried spending money. We are spending more than we have ever spent before and it does not work." Was it Sarah Palin? Rush Limbaugh? Karl Rove?
Not even close. It was Henry Morgenthau, Secretary of the Treasury under Franklin D. Roosevelt and one of FDR's closest advisers. He added, "after eight years of this Administration we have just as much unemployment as when we started. . . And an enormous debt to boot!"
This is just one of the remarkable and eye-opening facts in a must-read book titled "New Deal or Raw Deal?" by Professor Burton W. Folsom, Jr., of Hillsdale College.
Ordinarily, what happened in the 1930s might be something to be left for historians to be concerned about. But the very same kinds of policies that were tried-- and failed-- during the 1930s are being carried out in Washington today, with the advocates of such policies often invoking FDR's New Deal as a model.
Franklin D. Roosevelt blamed the country's woes on the problems he inherited from his predecessor, much as Barack Obama does today. But unemployment was 20 percent in the spring of 1939, six long years after Herbert Hoover had left the White House.
Whole generations have been "educated" to believe that the Roosevelt administration is what got this country out of the Great Depression. History text books by famous scholars like Arthur M. Schlesinger, Jr., of Harvard and Henry Steele Commager of Columbia have enshrined FDR as a historic savior of this country, and lesser lights in the media and elsewhere have perpetuated the legend.
Although Professor Schlesinger admitted that he had little interest in economics, that did not stop him from making sweeping statements about what a great economic achievement the New Deal was.
(Excerpt) Read more at jewishworldreview.com ...
Unemployment is 17.7% today.
Much of what FDR did was premised on ‘central planning’. Ray Moley, FDR brain trust, said that it would take the national guard to implement central planning in the US.
Join the resistance!
BTTT
Liberals get upset when I use that quote
Join the resistance!
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Since FDR all the left have done is tax, spend and social engineer.
The Rats are shovel-ready for the dust bin of history.
Thanks for the ping jaz. The history of FDR was certainly gerrymandered over the years wasn’t it.
Yes, it certainly was and to the detriment of the American people.
I am still a strong believer that Social Security was an invention not to provide a safety net, but to entice people to retire thus opening jobs to unemployed and appearing to reduce the unemployment numbers. It was to make FDR look good.
BUMP!
Ask a lib about the deficit and they still blame the GOP, not even Bush, REAGAN. They go as far back as they like.
"We have tried spending money. We are spending more than we have ever spent before and it does not work." He added, "after eight years of this Administration we have just as much unemployment as when we started. . . And an enormous debt to boot!"
BUMP for tonight.
Am I the only one that feels like a kid on Christmas Eve? LOL!
Have a Good Day, Jaz. *SMOOCH* I’m off to vote on my way in to work. :)
I thought I was. LOL! Been looking forward to today for quite some time.
Have a great day then have an even better evening. :-)
A frequent lament heard these days from Republicans is, "How long are they going to blame Bush?" I say, "For. Ev. Er. (gratuitous "Sandlot" movie reference.)
I point to the above example of Herbert Hoover, who is still blamed to this day.
Yep, and the lib left will blame George Bush forever.
Jewish World Review omitted the last short paragraph from Dr. Sowell's column. Here it is:
It is not a pretty story. But we need to understand it if we want to avoid the ugly consequences of very similar policies today.
Thanks! I thought that nice article had an abrupt ending.
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