Folks lie to get something they want, or to hide some damaging truth. In the following thread, Roosevelt's momentous lie about fixing the economy is revealed.....
...and the question posed is....what did he have to gain?
Folks were truly frightened by the Hoover Recession....and had faith in the promises of Franklin Roosevelt, that he knew exactly what caused the economic downturn...and knew the steps necessary to cure same.
And, he did know: After all, It had been done earlier by Harding, and he, Harding, cured a similar recession/depression in the time most American economic calamities required: a year or two.
So.....if he knew what had to be done....and promised to do exactly that.....
...why did Franklin Roosevelt lie to the public, and- not just ignore the cures...but institute policies that extended the Depression a full decade?????
Why?
1. "Though modern myth claims that the free market “self destructed” in 1929, government policy was the debacle’s principal culprit. If this crash had been like previous ones, the hard times would have ended in two or three years at the most, and likely sooner than that.
But unprecedented political bungling instead prolonged the misery for over 10 years.
Unemployment in 1930 averaged a mildly recessionary 8.9 percent, up from 3.2 percent in 1929. It shot up rapidly until peaking out at more than 25 percent in 1933.
2. Did Hoover really subscribe to a “hands-off-the-economy,” free-market philosophy? His opponent in the 1932 election, Franklin Roosevelt, didn’t think so. During the campaign, a) Roosevelt blasted Hoover for spending and taxing too much,
b) boosting the national debt,
c) choking off trade, and
d)putting millions on the dole.
e) [Roosevelt accused Hoover] of “reckless and extravagant” spending,
f) of thinking “that we ought to center control of everything in Washington as rapidly as possible,” and g) of presiding over “the greatest spending administration in peacetime in all of history.”
Contrary to the conventional view about Hoover, Roosevelt and Garner were absolutely right." Great Myths of the Great Depression | Lawrence W. Reed
a. Roosevelt’s running mate, John Nance Garner, charged that Hoover was “leading the country down the path of socialism.”
“FDR’s Disputed Legacy,” Time, February 1, 1982, p. 23
Now....look over that list of charges by Roosevelt at Hoover, economic policy mistakes....and, since he was correct in those accusations......... why the heck would Roosevelt continue with every single one of 'em????
Roosevelt: Why lie????
...and the question posed is....what did he have to gain?
Folks were truly frightened by the Hoover Recession....and had faith in the promises of Franklin Roosevelt, that he knew exactly what caused the economic downturn...and knew the steps necessary to cure same.
And, he did know: After all, It had been done earlier by Harding, and he, Harding, cured a similar recession/depression in the time most American economic calamities required: a year or two.
So.....if he knew what had to be done....and promised to do exactly that.....
...why did Franklin Roosevelt lie to the public, and- not just ignore the cures...but institute policies that extended the Depression a full decade?????
Why?
1. "Though modern myth claims that the free market “self destructed” in 1929, government policy was the debacle’s principal culprit. If this crash had been like previous ones, the hard times would have ended in two or three years at the most, and likely sooner than that.
But unprecedented political bungling instead prolonged the misery for over 10 years.
Unemployment in 1930 averaged a mildly recessionary 8.9 percent, up from 3.2 percent in 1929. It shot up rapidly until peaking out at more than 25 percent in 1933.
2. Did Hoover really subscribe to a “hands-off-the-economy,” free-market philosophy? His opponent in the 1932 election, Franklin Roosevelt, didn’t think so. During the campaign, a) Roosevelt blasted Hoover for spending and taxing too much,
b) boosting the national debt,
c) choking off trade, and
d)putting millions on the dole.
e) [Roosevelt accused Hoover] of “reckless and extravagant” spending,
f) of thinking “that we ought to center control of everything in Washington as rapidly as possible,” and g) of presiding over “the greatest spending administration in peacetime in all of history.”
Contrary to the conventional view about Hoover, Roosevelt and Garner were absolutely right." Great Myths of the Great Depression | Lawrence W. Reed
a. Roosevelt’s running mate, John Nance Garner, charged that Hoover was “leading the country down the path of socialism.”
“FDR’s Disputed Legacy,” Time, February 1, 1982, p. 23
Now....look over that list of charges by Roosevelt at Hoover, economic policy mistakes....and, since he was correct in those accusations......... why the heck would Roosevelt continue with every single one of 'em????
Roosevelt: Why lie????
