Posted on 12/30/2011 3:34:16 PM PST by Track9
People are beginning to compare Barack Obama's administration to the failed administration of Jimmy Carter, but a better comparison is to the Roosevelt administration of the 1930s and '40s.
Let's look at it with the help of a publication from the Mackinac Center for Public Policy and the Foundation for Economic Education titled "Great Myths of the Great Depression," by Lawrence Reed.
During the first year of President Franklin D. Roosevelt's New Deal, he called for increasing federal spending to $10 billion while revenues were only $3 billion.
Between 1933 and 1936, government expenditures rose by more than 83 percent. Federal debt skyrocketed by 73 percent. Roosevelt signed off on legislation that raised the top income tax rate to 79 percent and then later to 90 percent.
Hillsdale College economics historian and professor Burt Folsom -- author of "New Deal or Raw Deal?" -- notes that in 1941, Roosevelt even proposed a 99.5 percent marginal tax rate on all incomes more than $100,000. When a top adviser questioned the idea, Roosevelt replied, "Why not?"
Roosevelt had other ideas for the economy, including the National Recovery Act. Reed says:
"The economic impact of the NRA was immediate and powerful. In the five months leading up to the act's passage, signs of recovery were evident: Factory employment and payrolls had increased by 23 and 35 percent, respectively.
"Then came the NRA, shortening hours of work, raising wages arbitrarily and imposing other new costs on enterprise. In the six months after the law took effect, industrial production dropped 25 percent."
Blacks were especially hard hit by the NRA. Black spokesmen and the black press often referred to the NRA as the "Negro Run Around," Negroes Rarely Allowed," "Negroes Ruined Again," "Negroes Robbed Again," "No Roosevelt Again" and the "Negro Removal Act."
(Excerpt) Read more at washingtonexaminer.com ...
This is the main reason I took a step back and decided to NOT vote for Gingrich in any way. He considers himself a "Wilsonian"? Puhleeze.
If that is the case and he thinks there is an elite class who should wield power in government...then he can go screw himself. I'd rather vote for Romney...as objectionable as that is. I don't want a big government thinker like Gingrich having all the goodies that Bush and Obama put into play at his disposal.
They both had the butt-ugly wife thing going.
The only people who are interested in discouraging the production of wealth are those who already have it and don’t want any new competition.
As another freeper commented a few weeks ago, on his worst day, FDR was a saint compared to the garbage that currently inhabits the WH.
Except dear leader couldn’t lead us through a war if his life depended upon it. I despise FDR for what he did in peacetime, but he at least had his head screwed on straight for WWII.
Each to their own, but do you not think mittens also a silver spoon elitist. Gingrich seems to find comfort for his over eager imagination in a hodge podge of misguided historical comparisons and I think the average person kind of shakes their head at his off the wall nature. I for one, take what he says with a grain of salt because I know he’s all over the place but I believe he would at least stand against some of the more egregious dem agendas, predictably on the spending side. Mittens has probably read less than a quarter of Gingrich’s library and it shows in him being philosophically vacant. I doubt he has the capacity to act without the aid of polling data which really is no position at all and could be potentially a lot worse. But what do I know.. it all seems pretty bad to me.
“If that is the case and he thinks there is an elite class who should wield power in government...I don’t want a big government thinker like Gingrich having all the goodies that Bush and Obama put into play at his disposal.”
Sheesh, this gets tiring. Have you read Gingrichs’s Contract with America?
Government and Operational Reforms
On the first day of their majority in the House, the Republicans promised to pass eight major reforms:
1) require all laws that apply to the rest of the country also apply to Congress;
2) select a major, independent auditing firm to conduct a comprehensive audit of Congress for waste, fraud or abuse;
3) cut the number of House committees, and cut committee staff by one-third;
4) limit the terms of all committee chairs;
5) ban the casting of proxy votes in committee;
6) require committee meetings to be open to the public;
7) require a three-fifths majority vote to pass a tax increase;
8) guarantee an honest accounting of the Federal Budget by implementing zero base-line budgeting.
“If that is the case and he thinks there is an elite class who should wield power in government...I don’t want a big government thinker like Gingrich having all the goodies that Bush and Obama put into play at his disposal.”
Sheesh, this gets tiring. Have you read Gingrichs’s Contract with America?
Government and Operational Reforms
On the first day of their majority in the House, the Republicans promised to pass eight major reforms:
1) require all laws that apply to the rest of the country also apply to Congress;
2) select a major, independent auditing firm to conduct a comprehensive audit of Congress for waste, fraud or abuse;
3) cut the number of House committees, and cut committee staff by one-third;
4) limit the terms of all committee chairs;
5) ban the casting of proxy votes in committee;
6) require committee meetings to be open to the public;
7) require a three-fifths majority vote to pass a tax increase;
8) guarantee an honest accounting of the Federal Budget by implementing zero base-line budgeting.
Agreed. I doubt FDR was a conniving islamo marxist filled with the rage of his preacher and the narcissism of his pseudo education.
” - - - FDR’s very own Treasury secretary, Henry Morgenthau, saw the folly of the New Deal, writing: “We have tried spending money. We are spending more than we have ever spent before and it does not work. ... We have never made good on our promises. ... I say after eight years of this administration we have just as much unemployment as when we started ... and an enormous debt to boot!”
The bottom line is that Roosevelt’s New Deal policies turned what would have been a three- or four-year sharp downturn into a 16-year affair.
The 1930s depression was caused by and aggravated by acts of government, and so was the current financial mess that we’re in. Do we want to repeat history by listening to those who created the calamity? That’s like calling on an arsonist to help put out a fire.”
Nobody can say it better than Walter Williams, nobody.
Read more at the Washington Examiner: http://washingtonexaminer.com/opinion/columnists/2011/08/ominous-parallels-between-obama-roosevelt-grow#ixzz1i4k5Kiqk
” - - - Have you read Gingrichs’s Contract with America?”
Would you post a hotlink to this Contract on this thread? Thanks.
FDR also got re-elected handily in 1936 with about double the unemployment rate that Obama has. At least FDR could say “it’s better than when I took office”. What will Obama run on? “I took unemployment numbers UP from when I took office”.
That was when dimrats were loyal to this country.
FDR was an American albeit misguided.
baraq is a citizen of the world and has no loyalty to this country or it’s people.
“Would you post a hotlink to this Contract on this thread? Thanks.”
http://www.house.gov/house/Contract/CONTRACT.html
I think we have both seen the writing on the wall. While the MSM holds sway and wields the power they do...and the old Republican guard pulls the strings...a true Conservative candidate will not be possible. Hard cheese but that's the way it is.
I'd drop everything and work for Sarah Palin's campaign if she were to throw her hat in the ring and make a serious go of it. She is the only one out there that I see saying the kind of things...and believing what she says...that make me sit up and take notice. She fears no one. I like that.
Because every Republican that ran against him was a squishy liberal Romney-type.
From the beginning I’ve thought peoples regard for her was a litmus test for common sense and Conservative philosophy. The entire establishment on both sides would freak out if she reentered.. and how I’d love seeing heads explode.
Dewey was defeated twice, once by FDR, once by the "moderate" liberal Harry Truman.
The others were defeated by FDR, the second worst communist president in the history of the USA.
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