US GDP had fallen from 103.6 billion in 1928 to 58.7 billion in 1932, 43% before Roosevelt took office due 12 years of failed Republican control of government. After Roosevelt took office and the voters threw the Republicans out of Congress, GDP increased every year of the Roosevelt administration.
in 1933: $56.4 billion
in 1934: $66.0 billion
in 1935: $73.3 billion
in 1936: $83.8 billion
in 1937: $91.9 billion
in 1938: $86.1 billion
in 1939: $92.2 billion
in 1940: $101.4 billion
The Great Depression Statistics
1. You've declined my invitation to answer a, b, and c?
Could it be because they highlight the mistakes that FDR made...and that you seem willing to endorse?
Could be?
2. TodayÂ’s economic problems are largely due to FDRÂ’s Second Bill of RightsÂ…which led to LBJ's "War on Poverty," and, ultimately Student loans, CRA, ObamaCare.
3. The essence of FDR can be found in his Second Bill of Rights speech, in which he propounded the following rights:
The right to a useful and remunerative job in the industries or shops or farms or mines of the nation;
The right to earn enough to provide adequate food and clothing and recreation;
The right of every farmer to raise and sell his products at a return which will give him and his family a decent living;
The right of every businessman, large and small, to trade in an atmosphere of freedom from unfair competition and domination by monopolies at home or abroad;
The right of every family to a decent home;
The right to adequate medical care and the opportunity to achieve and enjoy good health;
The right to adequate protection from the economic fears of old age, sickness, accident, and unemployment;
The right to a good education.
a.
As citizens were awarded these ‘rights’ by FDR, he fully conceived of an obligation of citizens to pay all of the taxes necessary to provide these ‘rights.’
b. The Founders saw rights as God-given, and without imposition on others, i.e., speech. Clearly,
the above are not rights, but are entitlements.
4. The
huge tax burden necessary to provide the ‘rights’ and fund federal welfare programs can be laid at the feet of the New Deal. Before 1940, only 5% of Americans paid any income tax, and the maximum was 25%. By the end of WWII, 2/3 of American families paid income tax- and it started at 24%, with a $500 exemption.
a. It went up to
94% over $200k. So, if one earned $300k, one kept only $6000 of the last $100k.
b. Withholding was re-introduced so the government got the money immediately. (Had been repealed in 1916.)
5. The attitude of the FDR government can be seen in these words of A.B. “Happy” Chandler, a former Kentucky governor: “[A]ll of us owe the government; we owe it for everything we have—and that is the basis of obligation—and
the government can take everything we have if the government needs it. . . . The government can assert its right to have all the taxes it needs for any purpose, either now or at any time in the future.”
From Folsom and Folsom, "FDR Goes To War.
So....this is what you want to support?
Just want a little clarity of you position.
