PoliticalChic
Diamond Member
March 4, 1933
Inauguration of U.S. President Franklin D. Roosevelt
On this day in 1933, in the midst of the Great Depression, Franklin D. Roosevelt was inaugurated as the 32nd U.S. president, and later he led the country out of the Depression and to victory in World War II.
Britannica.com
[He didn't lead the country out of the Depression....he extended it.]
With the hopes of millions of Americans in his pocket, Franklin Roosevelt began his life-time presidency.
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
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.
Well....to begin with, in March of 1933, he didn't fill his cabinet with persons committed to a balanced budget. A pretty much poke 'in your eye.'
Nah....instead the bunch put together the huge spending and administrative expansion of his first hundred day, Douglas knew the real deal.
Roosevelt expanded the federal government and ran up deficits much greater than those of Hoover.
So...instead of ending a recession.....he created the Great Depression....and extended it by years!
Inauguration of U.S. President Franklin D. Roosevelt
On this day in 1933, in the midst of the Great Depression, Franklin D. Roosevelt was inaugurated as the 32nd U.S. president, and later he led the country out of the Depression and to victory in World War II.
Britannica.com
[He didn't lead the country out of the Depression....he extended it.]
With the hopes of millions of Americans in his pocket, Franklin Roosevelt began his life-time presidency.
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
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.
Well....to begin with, in March of 1933, he didn't fill his cabinet with persons committed to a balanced budget. A pretty much poke 'in your eye.'
Nah....instead the bunch put together the huge spending and administrative expansion of his first hundred day, Douglas knew the real deal.
Roosevelt expanded the federal government and ran up deficits much greater than those of Hoover.
So...instead of ending a recession.....he created the Great Depression....and extended it by years!
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