The Sage of Main Street
Gold Member
Owners Aren't EarnersI will give FDR credit for trying.FDR policies were looking to ease the suffering of the masses rather than look at how quickly he could get the banks on their feet
FDR's failure being benevolent rather than rational (if you honestly believe he was motivated by benevolence). He should have helped the banks first. As heartless as that sounds, it would have helped the little guy the most. Over 9,000 banks closed during the depression. But, economic success in a realistic (read: capitalist) society requires strong financial institutions to provide capital for investment, which creates more jobs. The recovery was slowed because of his mistake.
He was a shitty president in my opinion, not because of this failure, but because he abused he office and acted like.......(dum dum DUUUUMMMM) at tyrant. Ignoring the two term tradition and court packing alone give him this distinction, but there are many more reasons.
Saying that the rich create jobs is like saying that vampires create blood.