Roosevelt: His Bankrupt Policies

[PoliticalChic]

Ow! Oh! Ouch! Hey!
....no sooner do I post an informed, factual, supported critique of the Roosevelt hagiography, than the Rooseveltian running dog lackeys start nipping at my heels!

It's been said before: "Truth is the mother of hatred." Ausonius

Seems that an admission of Roosevelt's failures would be, to his devotees, an admission of their own.


Never one to knuckle under....I'm left with but one path: another undeniable exposé of the bankrupt, failed, counter-intuitive economic policies of the anti-American fraud, Franklin Delano Roosevelt.

The man was elected based on the basis of a national crisis...and on a web of lies. He proved to be a terrible manager of the economy.

Terrible.....he extended the Depression by years!



1. "At the Democratic national convention in June 1932, where FDR was nominated for president of the United States, the Democratic Party issued a platform promising a way out of the Great Depression. The party stated: “We believe that a party platform is a covenant with the people to be faithfully kept by the party entrusted with power.”"
Monetary Central Planning and the State Part 13 FDR s New Deal - The Future of Freedom Foundation

At the time, America was a more faith-based nation...and the word 'covenant' had a religious tone to it....


a. Covenant: A binding agreement; a compact.; In the Bible, a divine promise establishing or modifying God's relationship to humanity or to a particular group.
covenant - definition of covenant by The Free Dictionary


"...[a] month after accepting the Democratic Party’s nomination for the office of president of the United States, Franklin Delano Roosevelt delivered a campaign radio address to the nation. He focused on the extravagant spending policies of Herbert Hoover’s administration and the federal budget deficits it had created: “Let us have the courage to stop borrowing to meet continuing deficits,” Roosevelt said. “Revenues must cover expenditures by one means or another. Any government, like any family, can, for a year, spend a little more than it earns. But you know and I know that a continuation of that habit means the poorhouse.”
Monetary Central Planning and the State Part 13 FDR s New Deal - The Future of Freedom Foundation


Of course, this was hardly the first lie that Roosevelt told.





Let's go over the platform just to prove that my OPs are undeniable:

"The platform of the Democratic Party, whose ticket Roosevelt headed, called for
.... a 25 percent reduction in federal spending,

...a balanced federal budget,

...a sound gold currency “to be preserved at all hazards,”

....the removal of government from areas that belonged more appropriately to private enterprise

...and an end to the “extravagance” of Hoover’s farm programs.

This is what candidate Roosevelt promised, but it bears no resemblance to what President Roosevelt actually delivered."
"Great Myths of the Great Depression," Lawrence W Reed




Focus on this one:" ....the removal of government from areas that belonged more appropriately to private enterprise..."

Had the Democrats actually fulfilled this promise.....and not created government-sponsored enterprises(GSEs) i.e., FannieMae andFreddieMac....

Get ready....


There would not have been a mortgage meltdown!
The mortgage meltdown, the 2008 recession: thanks to Franklin Roosevelt

 

[JakeStarkey]

You have yet to post "informed, factual, supported critique of the Roosevelt" presidency. But keep trying. This is a better OP than usual, though. A declarative statement instead of a loaded fallacy.

 

[CrusaderFrank]

You have yet to post "informed, factual, supported critique of the Roosevelt" presidency. But keep trying. This is a better OP than usual, though. A declarative statement instead of a loaded fallacy.

You might want to actually read the post before leaping to the defense of Stalin's sock puppet, FDR

 

[Moonglow]

 

[PoliticalChic]

You have yet to post "informed, factual, supported critique of the Roosevelt" presidency. But keep trying. This is a better OP than usual, though. A declarative statement instead of a loaded fallacy.

Early in the morn to start off lying, 'fakey.'


"informed, factual, supported critique of the Roosevelt" bankrupt economic policies.
The OP is exactly that.

 

[PoliticalChic]

What is one to assume from the above pic/post?

That you have given up trying to shield Roosevelt from well-deserved contumely?

Excellent.

 

[Moonglow]

What is one to assume from the above pic/post?

That you have given up trying to shield Roosevelt from well-deserved contumely?

Excellent.

No, I am more concerned when South Korea will learn to be it's own nation...and why the post FDR war still has it under occupation...

 

[PoliticalChic]

2. The supreme manipulator and divider, Roosevelt blamed everything wrong with the economy on the business community. Those mindlessly addicted to FDR continue to do so.

He did this right up until the winds of wars unfurled his sails and he needed that community to make war supplies.


'Roosevelt was sworn in on March 4, 1933. He started off on the wrong foot when, in his inaugural address, he blamed the Depression on “unscrupulous money changers.” He said nothing about the role of the Fed’s mismanagement and little about the follies of Congress that had contributed to the problem. As a result of his efforts, the economy would linger in depression for the rest of the decade.'
Reed, Op.Cit.

Notice the New Testament connection with “unscrupulous money changers.” Before FDR, America was a more religious, less materialistic people: that loss, one more fault of FDR.


a. "...his first inaugural address took on an unusually solemn, religious quality. And for good reason—by 1933 the depression had reached its depth. Roosevelt’s first inaugural address outlined in broad terms how he hoped to govern and reminded Americans that the nation’s “common difficulties” concerned “only material things.” Only Thing We Have to Fear Is Fear Itself FDR s First Inaugural Address





b. Careful students of the Roosevelt presidency knew that war must be near because FDR had decided to change the tone of the political debate in Washington. For almost eight years, Wall Street bankers and corporate leaders had been his favorite scapegoats for explaining why the Great Depression was persisting. The premise of his New Deal, after all was that businessmen had failed and that government should regulate, plan and direct much of the American economy to break the hold of the Great Depression.”
Burton Folsom


c. John Maynard Keynes, in a letter published in the NYTimes, December 31, 1933, warned “ even wise and necessary Reform may, in some respects, impede and complicate Recovery. For it will upset the confidence of the business world and weaken their existing motives to action.” Even Keynes saw the danger in treating the nation’s capitalists as an enemy, as “the unscrupulous money changers,” as FDR called them in his first Inaugural.


And, today....yet another Democrat President who functions by 'divide and conquer.'

 

[PoliticalChic]

What is one to assume from the above pic/post?

That you have given up trying to shield Roosevelt from well-deserved contumely?

Excellent.

No, I am more concerned when South Korea will learn to be it's own nation...and why the post FDR war still has it under occupation...

This post is a perfect example of you Roosevelt lap dogs throwing in the towel.

Excellent.


Bear in what-passes-for-a-mind: the beatings will continue until enlightenment ensues.

 

[PoliticalChic]

Remember when FDR said: "...let me assert my firm belief that the only thing we have to fear is...fear itself — ... The money changers have fled from their high seats in the temple of our civilization. We may now restore that temple to the ancient truths. "


3. "....it was FDR’s policies to come that Americans had genuine reason to fear: In his first 100 days, he swung hard at the profit order. Instead of clearing away the prosperity barriers erected by his predecessor, he built new ones of his own. He struck in every known way at the integrity of the U . S . d o l l a r t h r o u g h quantitative increases and qualitative deterioration. He seized the people’s gold holdings and subsequently devalued the dollar by 40 percent."
Hans F. Sennholz, “The Great Depression,” The Freeman, April 1975, p. 210




4. "Frustrated and angered that Roosevelt had so quickly and thoroughly abandoned the platform on which he was elected, Director of the Bureau of the Budget Lewis W. Douglas resigned after only one year on the job.

At Harvard University in May 1935, Douglas made it plain that America was facing a momentous choice: Will we choose to subject ourselves — this great country — to the despotism of bureaucracy, controlling our every act, destroying what equality we have attained, reducing us eventually to the condition of impoverished slaves of the state? Or will we cling to the liberties for which man has struggled for more than a thousand years? It is important to understand the magnitude of the issue before us. ...


If we do not elect to have a tyrannical, oppressive bureaucracy controlling our lives, destroying progress, depressing the standard of living ... then should it not be the function of the Federal government under a democracy to limit its activities to those which a democracy may adequately deal, such for example as national defense, maintaining law and order, protecting life and property, preventing dishonesty, and ... guarding the public against ... vested special interests?
From "The Liberal Tradition: A Free People and a Free Economy," by Lewis W. Douglas, as quoted in “Monetary Central Planning and the State, Part XIV: The New Deal and Its Critics,” by Richard M. Ebeling in Freedom Daily, February 1998, p. 12.


"...tyrannical, oppressive bureaucracy controlling our lives,..."

So...which governance do you think of when you imagine a command and control economy?

Mussolini?
Hitler?
Stalin?

Better include Roosevelt.

 

[LA RAM FAN]

oh look,to no surprise USMB's resident troll is at it again with her childish obsession over FDR.

 

[PoliticalChic]

oh look,to no surprise USMB's resident troll is at it again with her childish obsession over FDR.

As truly ignorant as you are, it is not beyond belief that you don't recognize the malevolent importance of Franklin Roosevelt, the man who altered the course of American history from that set on motion by the Founders, as memorialized in the Constitution.....

... the megalomaniac who oversaw the dissolution of the 'law of the land.'


The practical result of the loss of principles of limited constitutional government is the mindless over-regulation and "....laws that are so complicated that they are impossible to obey; by a tax code riddled with favors for people with connections and filled with hazards for ordinary Americans; by laws that can send people to jail for things that other people have done; by occasions when property has been confiscated for reasons that seem patently unfair. They've seen people prosecuted for politically motivated reasons or for failing to comply with unreasonable regulations. They've watched politically connected people go unprosecuted."
Charles Murray, "By The People," p. 123-124.


So...yes, I feel obliged to highlight the mistakes of Franklin Roosevelt and make them known to the ignorant....i.e., you.


You've encouraged me to post more revelations for you uneducated simpletons.....

 

[PoliticalChic]

Since the Roosevelt policies were largely aimed at the business community, operating under the mistaken notion that bureaucrats know best how to make the economy function, the central theme of Progressivism...


...consider this as an example that proves that it was not capitalism that failed...but government regulation that failed the economy, ...and that government bureaucrats are not smarter than the private sector:



5. Economist Jim Powell of the Cato Institute authored a splendid book on the Great Depression in 2003, titled “FDR’s Folly: How Roosevelt and His New Deal Prolonged the Great Depression.”

Get this: “Almost all the failed banks were in states with unit banking laws” — laws that prohibited banks from opening branches and thereby diversifying their portfolios and reducing their risks. Powell writes:


'Although the United States, with its unit banking laws, had thousands of bank
failures, Canada, which permitted branch banking, didn’t have a single failure ...'




Strangely, critics of capitalism who love to blame the market for the Depression never mention that fact."
Jim Powell, "FDR’s Folly: How Roosevelt and His New Deal Prolonged the Great Depression, p. 32.


So....for all those who actually believe as primitive tribes do, that their leaders intercede with the gods flower the path to Utopia....

...pick up a copy of
"Golden Bough: The Roots of Religion and Folklore,"by James G. Frazer

 

[regent]

History professor Hawley, University of Iowa, said of Powell's book: other than giving conservative folk-wisdom a boost, it will not be persuasive in other (historical) circles, Hope it gave Chic a boost? Not to worry, however, FDR is a money maker for writers and the books will continue by both historians and others.

 

[PoliticalChic]

History professor Hawley, University of Iowa, said of Powell's book: other than giving conservative folk-wisdom a boost, it will not be persuasive in other (historical) circles, Hope it gave Chic a boost? Not to worry, however, FDR is a money maker for writers and the books will continue by both historians and others.

This, from a review of Hawley's "New Deal and the Problem of Monopoly"...

"Americans want the benefits of large-scale industrial production, such as lower prices and greater economic security. At the same time, we suspect that such a system may threaten individualism and democracy through bureaucratization and concentration of power. Professor Hawley finds this ambivalence reflected in the incoherence of New Deal policy. The book traces the evolution of policy from the government-sponsored cartels of the NRA, to the partial planning in agriculture and transportation, to Thurman Arnold's vigorous antitrust campaign of the late 1930s. The final section of the book deals with FDR's response to the economic downturn of 1937, when broad reform programs gave way to deficit spending."


Good to see you inadvertently pick one of your historians who compliments the threads I've been posting.


You might use this to understand why you've never found an error in my posts.

 

[EdwardBaiamonte]

oh look,to no surprise USMB's resident troll is at it again with her childish obsession over FDR.

FDR was very very very important. He showed more clearly than any other American what liberalism looked like. It looked like 16 years of depression and 5 years of world war with 60 million dead!

 

[regent]

History professor Hawley, University of Iowa, said of Powell's book: other than giving conservative folk-wisdom a boost, it will not be persuasive in other (historical) circles, Hope it gave Chic a boost? Not to worry, however, FDR is a money maker for writers and the books will continue by both historians and others.

This, from a review of Hawley's "New Deal and the Problem of Monopoly"...

"Americans want the benefits of large-scale industrial production, such as lower prices and greater economic security. At the same time, we suspect that such a system may threaten individualism and democracy through bureaucratization and concentration of power. Professor Hawley finds this ambivalence reflected in the incoherence of New Deal policy. The book traces the evolution of policy from the government-sponsored cartels of the NRA, to the partial planning in agriculture and transportation, to Thurman Arnold's vigorous antitrust campaign of the late 1930s. The final section of the book deals with FDR's response to the economic downturn of 1937, when broad reform programs gave way to deficit spending."


Good to see you inadvertently pick one of your historians who compliments the threads I've been posting.


You might use this to understand why you've never found an error in my posts.

If that's complimenting your posts that's great. Did Hawley discuss FDR and communism?

 

[EdwardBaiamonte]

History professor Hawley, University of Iowa, said of Powell's book: other than giving conservative folk-wisdom a boost, it will not be persuasive in other (historical) circles, Hope it gave Chic a boost? Not to worry, however, FDR is a money maker for writers and the books will continue by both historians and others.

This, from a review of Hawley's "New Deal and the Problem of Monopoly"...

"Americans want the benefits of large-scale industrial production, such as lower prices and greater economic security. At the same time, we suspect that such a system may threaten individualism and democracy through bureaucratization and concentration of power. Professor Hawley finds this ambivalence reflected in the incoherence of New Deal policy. The book traces the evolution of policy from the government-sponsored cartels of the NRA, to the partial planning in agriculture and transportation, to Thurman Arnold's vigorous antitrust campaign of the late 1930s. The final section of the book deals with FDR's response to the economic downturn of 1937, when broad reform programs gave way to deficit spending."


Good to see you inadvertently pick one of your historians who compliments the threads I've been posting.


You might use this to understand why you've never found an error in my posts.

If that's complimenting your posts that's great. Did Hawley discuss FDR and communism?

FDR called Stalin, the worlds greatest mass killer, "Uncle Joe"
and many in his administration went to Stalin and came back to proclaim that they had seen the future and it worked.

-Guy Tugwell: (FDR Brain Trust) said of fascism: "It's the cleanest, neatest piece...of social machinery I've ever seen." ( page 11)

 

[PoliticalChic]

More on Roosevelt's 'Bankrupt Economic Policies.'


Remember FDR's promise?
This one: "......a balanced federal budget,...

Roosevelt said. “Revenues must cover expenditures by one means or another. Any government, like any family, can, for a year, spend a little more than it earns. But you know and I know that a continuation of that habit meansthe poorhouse.”
Monetary Central Planning and the State Part 13 FDR s New Deal - The Future of Freedom Foundation




6. In the first year of the New Deal, Roosevelt proposed spending $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.

Did I mention that FDR had no economic policies, except for failed ones?




7. FDR talked Congress into creating ... the nation’s first comprehensive minimum wage law in 1938. .... The minimum wage law prices many of the inexperienced, the young, the unskilled and the disadvantaged out of the labor market. (For example, the minimum wage provisions passed as part of another act in 1933 threw an estimated 500,000 blacks out of work)
Benjamin M. Anderson, Economics and the Public Welfare: A Financial and Economic History of the United States, 1914-46, (2nd edition), p.336



Minimum wage laws continue to have that same effect, ' pricing many of the inexperienced, the young, the unskilled and the disadvantaged out of the labor market' to this very day.


But Democrats endorse same because results are not their concern.

 

[PoliticalChic]

Roosevelt's economic policies were meant not for a nation birthed in freedom and liberty, but for dictatorships.

This explains why Roosevelt's were copied from those of Benito Mussolini and Adolph Hitler.


8. "Perhaps the most radical aspect of the New Deal was the National Industrial Recovery Act, passed in June 1933, which created a massive new bureaucracy called the National Recovery Administration. Under the NRA, most manufacturing industries were suddenly forced into government-mandated cartels.

Codes that regulated prices and terms of sale briefly transformed much of the American economy into a fascist-style arrangement, while the NRA was financed by new taxes on the very industries it controlled. Some economists have estimated that the NRA boosted the cost of doing business by an average of 40 percent — not something a depressed economy needed for recovery."
Reed, Op. Cit.




9. [The effects of the National Recovery Administration included] 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.

Benjamin M. Anderson writes, “NRA was not a revival measure. It was an anti-revival measure. ... Through the whole of the NRA period industrial production did not rise as high as it had been in July 1933, before NRA came in.”
[Benjamin M. Anderson, Economics and the Public Welfare: A Financial and Economic History of the United States, 1914-46, (2nd edition), p.332-334]


QED....Roosevelt was a fraud who pretended he had any clue about economic policy.