While running for President, Roosevelt put his finger on Hoover's mistake.....swore the would do otherwise.....then reneged and did even more than Hoover, causing the Depression.
1. The hagiography and idol-worship leaves out all understanding of his times...and what he actually said and did. So...here I am to save the day!
2. The basis of FDR's 1932 campaign to win the presidency from Herbert Hoover was his emphatic promise to the suffering American people, that he would balance the budget. Of course, he also promised that he would use the government to create jobs, and that they "had a right to a comfortable living."
http://www.heritage.org/initiatives/first-principles/primary-sources/fdrs-commonwealth-club-address
3.The part about balancing the budget had a certain resonance as President Harding had veered sharply away from federal spending and solved as big a recession in about one year. Certainly Franklin Roosevelt knew this, as he hammered away at Hoover's spending. October 19, 1932, he nailed Hoover, observing that in recent years federal expenses had increased by $1 billion "and that I may add, is the most reckless and extravagant past that I have been able to discover in the statistical record of any peacetime Government anywhere, any time." http://www.presidency.ucsb.edu/ws/?pid=88399
a. Roosevelt went further! The cause: "It arises from one cause only and that is the unbalanced budget at he continued failure of this administration to take effective steps to balance it! If that budget had been fully and honestly balanced in 1930, some of the 1931 troubles would have been avoided. Even if it had been balanced in 1931, much of the extreme dip in 1932 would have been obviated. Every financial man in the country knows why this is true." http://www.presidency.ucsb.edu/ws/?pid=88399
b. And this: "... carrying out the plain precept of our Party, which is to reduce the cost of current Federal Government operations by 25 percent." Ibid.
. Roosevelt expanded the federal government and ran up deficits much greater than those of Hoover
4. Now the Biden Democrats, busting out inflation greater than we've seen in 40 years.
Inflation is too many dollars chasing too few goods.
www.japantimes.co.jp
Ask yourself what the real Democrat agenda is.
1. The hagiography and idol-worship leaves out all understanding of his times...and what he actually said and did. So...here I am to save the day!
2. The basis of FDR's 1932 campaign to win the presidency from Herbert Hoover was his emphatic promise to the suffering American people, that he would balance the budget. Of course, he also promised that he would use the government to create jobs, and that they "had a right to a comfortable living."
http://www.heritage.org/initiatives/first-principles/primary-sources/fdrs-commonwealth-club-address
3.The part about balancing the budget had a certain resonance as President Harding had veered sharply away from federal spending and solved as big a recession in about one year. Certainly Franklin Roosevelt knew this, as he hammered away at Hoover's spending. October 19, 1932, he nailed Hoover, observing that in recent years federal expenses had increased by $1 billion "and that I may add, is the most reckless and extravagant past that I have been able to discover in the statistical record of any peacetime Government anywhere, any time." http://www.presidency.ucsb.edu/ws/?pid=88399
a. Roosevelt went further! The cause: "It arises from one cause only and that is the unbalanced budget at he continued failure of this administration to take effective steps to balance it! If that budget had been fully and honestly balanced in 1930, some of the 1931 troubles would have been avoided. Even if it had been balanced in 1931, much of the extreme dip in 1932 would have been obviated. Every financial man in the country knows why this is true." http://www.presidency.ucsb.edu/ws/?pid=88399
b. And this: "... carrying out the plain precept of our Party, which is to reduce the cost of current Federal Government operations by 25 percent." Ibid.
. Roosevelt expanded the federal government and ran up deficits much greater than those of Hoover
4. Now the Biden Democrats, busting out inflation greater than we've seen in 40 years.
Inflation is too many dollars chasing too few goods.
"U.S. Senator Joe Manchin backs $369 billion energy and climate bill key to Biden agenda
".... spend $433 billion...."
U.S. Senator Joe Manchin backs $369 billion energy and climate bill key to Biden agenda
The deal breaks a deadlock on the long-sought legislation, with the bill set to generate an estimated $739 billion in revenue, spend $433 billion and reduce deficits by $300 billion.
www.japantimes.co.jp
Ask yourself what the real Democrat agenda is.
/WW2Ships-57a317963df78c3276ceaf66.jpg "www.thebalance.com")
