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re: FDR was an awful president and MacArthur was an awful general.
Posted on 10/27/21 at 11:58 pm to Jake88
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
3
Posted on 10/28/21 at 12:15 am to biglego
That's a point a lot of critics miss entirely. Whatever the economic merits or lack thereof, there were a great many desperate unemployed men wondering how they were going to feed their families. The new Deal put them on payrolls and gave them a little hope instead of hanging out in the street listening to some rabble-rouser promising them a future in the coming revolution.
The choice wasn't between the New Deal and Capitalism. The choice was between the New Deal and something much more radical. For every critic who thought Roosevelt was going too far, there were even more critics who thought he wasn't going far enough. FDRs biggest threat in the 1936 election wouldn't have been from the GOP, it would have been from Huey Long, who wanted to confiscate all personal fortunes greater than ten million dollars and nationalize most industries.
The choice wasn't between the New Deal and Capitalism. The choice was between the New Deal and something much more radical. For every critic who thought Roosevelt was going too far, there were even more critics who thought he wasn't going far enough. FDRs biggest threat in the 1936 election wouldn't have been from the GOP, it would have been from Huey Long, who wanted to confiscate all personal fortunes greater than ten million dollars and nationalize most industries.
This post was edited on 10/28/21 at 1:35 am
Posted on 10/28/21 at 6:44 am to biglego
Again, the unemployment rate hardly decreased because of the New Deal. It was tax cuts following WW2 that truly pulled the country out of the Depression. FDR was dead at that time.
Posted on 10/28/21 at 8:18 am to biglego
quote:
The Depression was crushing people
The Depression was crushing people even harder directly due to the US government's actions. In no way does raising taxes through the fricking roof ever result in economic growth. It doesn't take Milton Freidman to know that.
FDR was no different than any other leftist, never saw something he didn't want to tax.
How about that ICC too?
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