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re: FDR was an awful president and MacArthur was an awful general.
Posted on 10/27/21 at 3:39 pm to red sox fan 13
Posted on 10/27/21 at 3:39 pm to red sox fan 13
quote:
FDR did what he had to do to get us out of the Depression.
You are correct with this statement but he implemented policies and strategies that worked for getting us out of the depression but we are still dealing with expanded versions of those policies. None of which were designed to continue or last as long as they did. Those same policies are literally bankrupting this country today.
Say what you want about FDR but he is responsible for a lot of the social economic differences have today. LBJ doubled down on them to speed up the process.
2
Posted on 10/27/21 at 3:41 pm to jscrims
Sounds like the people who came after him should have shuttered his policies then. He was dead by that point anyway. I agree on LBJ he was a terrible president
Posted on 10/27/21 at 4:48 pm to jscrims
quote:Not really.
You are correct with this statement but he implemented policies and strategies that worked for getting us out of the depression
quote:
Let's start with the New Deal. Its various alphabet-soup agencies—the WPA, AAA, NRA and even the TVA (Tennessee Valley Authority)—failed to create sustainable jobs. In May 1939, U.S. unemployment still exceeded 20%. European countries, according to a League of Nations survey, averaged only about 12% in 1938. The New Deal, by forcing taxes up and discouraging entrepreneurs from investing, probably did more harm than good.
Wall St. Journal
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