9. And, Roosevelt was not just an economic failure.....he failed as an American President.
He instituted not freedom and liberty...but the very attributes of fascism.
"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.
a. "The man Roosevelt picked to direct the NRA effort was General Hugh “Iron Pants” Johnson, a profane, red-faced bully At the nadir of the Great Depression,
half of American industrial production was idle as the economy reeled under the weight of endless and destructive policies from both Republicans and Democrats in Washington."
Milton Friedman and Anna Jacobson Schwartz, "A Monetary History of the United States, 1867-1960," (New York: National Bureau of Economic Research, 1963; 9th paperback printing by Princeton University Press, 1993), p 330.
....
and professed admirer of Italian dictator Benito Mussolini. Thundered Johnson, “May Almighty God have mercy on anyone who attempts to interfere with the Blue Eagle” (the official symbol of the NRA, which one senator derisively referred to as the “Soviet duck.”)
Those who refused to comply with the NRA Johnson personally threatened with public boycotts and “a punch in the nose.”
Blue Eagles, Red Ducks
Does that sound like America?
How about this:
b. A New Jersey tailor named Jacob Maged was
arrested and sent to jail for the “crime” of pressing a suit of clothes for 35 cents rather than the NRA-inspired “Tailor’s Code” of 40 cents.
And this was the cost of the Depression....worse than economic: the cost was political.....America's birthright.....liberty.