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re: FDR was an awful president and MacArthur was an awful general.
Posted on 10/27/21 at 6:50 pm to biglego
Posted on 10/27/21 at 6:50 pm to biglego
quote:Unemployment went from 25% to 20% in 6-7 years. Not a success.
Then the government will create some. That’s something.
quote:Good lord, this is how leftists refer to their failures. "At least we tried!".
That’s something. Not a cure but at least an attempt, an effort.
quote:
On May 6, 1939, Henry Morgenthau, Roosevelt’s treasury secretary, confirmed the total failure of the New Deal to stop the Great Depression: “We are spending more than we have ever spent before and it does not work. . . . I say after eight years of this Administration we have just as much unemployment as when we started. . . . And an enormous debt to boot!”
This post was edited on 10/27/21 at 6:52 pm
1
Posted on 10/27/21 at 11:58 pm to Jake88
Yes I know all that. I’m not arguing that the new deal worked. The fed spending didn’t work, or at best didn’t work much. But again, people in the 30s didn’t have hindsight and didn’t really understand economics as fully as today. The Depression was crushing people and if the TSA can hire some men for a while to build a damn or if the WPA can hire some men to dig a hole and hire another crew to fill it up then those men can put food on the table. So it really should be easy to see why and how the new deal was passed and why it was popular to the millions who voted for FDR four times.
Did not seem like laissez faire was working prior to the new deal.
Did not seem like laissez faire was working prior to the new deal.
This post was edited on 10/28/21 at 12:17 am
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