That’s Right Nate

Thoughts from a right thinker.

The Myth of FDR and the New Deal

with 20 comments

I hate to take on dead people, particularly dead white males who are constantly under attack by femi-nazis and minori-fascists, but like many conservative commentators I am tired of the myth that FDR saved us from Herbert Hoover’s Depression.   Inspired by Michael Medved, I am going to use this space tonight to expose the myths of FDR and the new deal.

Myth #1 – Hoover and other hands off Republican Presidents caused the Great Depression and FDR had to save us.

This myth was probably caused by either FDR himself at the time.  The truth is that the Republican leadership had led the country to a period of unheard of prosperity.  However, when investors new that a short 2 years later Roosevelt would be running for President, they immediately began to pull their money out of the stock market.   Hmm, that sounds eerily like what has happened with Obama.

Myth #2 – Roosevelt’s liberal policies saved the economy.

FDR’s policies didn’t save us.  World War II saved us.  Before WWII we had an unemployment rate of 14 percent–double the current rate.  He had brought it down from the 24 percent rate  when he took over, but this country didn’t rebound until we went to war.  Instead of spending money on infrastructure and these ridiculous bailouts, Obama needs to invade Iran.  Not fixing potholes gives Americans incentive to buy SUVs.

Myth #3 – The New Deal accomplished anything.

Yeah sure the South got electricity–its overrated.   If social security was worthwhile, it would have been built with safeguards to stop us from raiding the fund over the last 60 years.

When Obama’s supporters say that he will do for this country what FDR did in the Depression I don’t doubt them.  If we want to get through this economic crisis, we need a President who isn’t afraid to get into another war.  This whole myth of FDR is a bunch of empty hope that leads nowhere.  Hmm, that sounds rather familiar.

Advertisements

Written by thatsrightnate

December 10, 2008 at 8:25 pm

20 Responses

Subscribe to comments with RSS.

  1. I like your blog!

    Would you like to exchange reciprocal links?

    Obama Has started arresting people for not following his orders

    http://ngoldfarb.wordpress.com/2008/12/10/dictator-obama-puts-his-enemies-in-jail-even-before-he-takes-office/

    ngoldfarb

    December 10, 2008 at 8:49 pm

  2. Why is Prince Andrew in a wheel-chair?

    steve

    December 11, 2008 at 5:20 am

  3. That’s an actor playing FDR.

    thatsrightnate

    December 11, 2008 at 6:36 am

  4. Is that little orphan Annie in the picture?

    Dollface

    December 11, 2008 at 11:55 pm

  5. “Who’s that little chatter box?
    The one with the pretty auburn locks?
    Whom do you see?
    It’s Little Orphan Annie!

    She and Sandy make a pair,
    They never seem to have a care!
    Cute little she,
    It’s Little Orphan Annie!

    Bright eyes, cheeks a rosy glow,
    There’s a store of healthiness handy.
    Mite-size, always on the go,
    If you want to know – “Arft,” goes Sandy!

    Always wears a smile,
    Now, wouldn’t it be worth the while,
    If you could be
    Little Orphan Annie?”

    Annie is obviously liberal propaganda praising both FDR and state run child care.

    thatsrightnate

    December 12, 2008 at 6:37 am

  6. is that caroline kennedy asking prince andrew to support her appointment to the senate?

    gina

    December 12, 2008 at 7:50 am

  7. Look people, its just a play.

    thatsrightnate

    December 12, 2008 at 8:04 am

  8. “However, when investors new that a short 2 years later Roosevelt would be running for President, they immediately began to pull their money out of the stock market.”

    That’s a ridiculous statement. Utterly retarded. How would they know that Roosevelt would win? Because they know Hoover’s actions would fail miserably?

    thinker

    December 26, 2008 at 8:06 am

  9. That’s not ridiculous. The same thing happened with Obama this time around.

    thatsrightnate

    December 26, 2008 at 8:35 am

  10. But 2 years? 2 years? Come on now.

    So the Republicans led the country into a “period of unheard prosperity” but the market feared that Roosevelt might be elected in 2 years so they pulled out?

    If it was a period of prosperity why would they have ANY reason to think that a republican wouldn’t be elected?
    WWII was in effect a stimulus program which dwarfed the New Deal in size. That tells me that FDR was too timid in inplementing the plan.

    Obama should invade Iran? You have lost your marbles if you think war is a good use of resources.

    Unemploymment figures aren’t everything. Inflation and GDP increase are also equally important.

    thinker

    December 27, 2008 at 1:43 pm

  11. How can you praise WWII for bringing us out of FDR’s Depression and at the same time say we shouldn’t invade Iran to get out of this Recession?

    thatsrightnate

    December 27, 2008 at 5:23 pm

  12. 1. Investors were probably reacting to the backlash that resulted from the Smoot-Hawley Act. But, therefore, it wasn’t “hands-off” Republicans, it was “hands-on” politicians/idiots, including Hoover.

    However, when investors new that a short 2 years later Roosevelt would be running for President, they immediately began to pull their money out of the stock market. Hmm, that sounds eerily like what has happened with Obama.

    That is what happened with Obama, but that’s not what happened with FDR. In the early 20th century, many Socialist ideas had not yet been proven impractical and detrimental. Today, those ideas (Keynesian and Socialist) are known to be wrong, that’s why investors know Obama is bad for biz.

    2. Roosevelt wasn’t a liberal, he was a progressive democrat who dabbled in fascist and socialist policies. Liberals believe in liberty and individual legal and economic rights and freedom, leftists (progressives, socialists) are more focused on the collective. But, it’s true, FDR’s New Deal probably made the economic suffering in the USA worse. However, going to war might not have had the effect that folks commonly think. See this post and comments for another take: http://www.marginalrevolution.com/marginalrevolution/2007/01/did_world_war_i.html

    3. FDR’s New Deal did affect the country, and we’re still trying to recover from his unprecedented expansion of government.

    Konservo

    December 28, 2008 at 2:44 pm

  13. I agree with a lot of what you say Tomservo. Thank you for being a voice of reason. For those of you who say that the investors couldn’t have possibly began pulling out their funds 2 years before Roosevelt was elected, I’d point out that the signs of the bad economy that Obama caused were evident two years before he was elected as well.

    thatsrightnate

    December 28, 2008 at 3:01 pm

  14. “How can you praise WWII for bringing us out of FDR’s Depression and at the same time say we shouldn’t invade Iran to get out of this Recession?”

    I wasn’t praising WWII. I merely mentioned it’s effect.

    War is not an efficient use of resources.

    thinker

    December 29, 2008 at 5:43 am

  15. “I’d point out that the signs of the bad economy that Obama caused were evident two years before he was elected as well.”

    So you are actually insisting the economy tanked because of the possibility that Obama MIGHT get elected? A full 2 years in advance? Up until McCain’s retarded VP pick he was running neck and neck with Obama. Did the markets predict this?

    thinker

    December 29, 2008 at 5:46 am

  16. “I wasn’t praising WWII. I merely mentioned it’s effect.

    War is not an efficient use of resources.”

    “WWII was in effect a stimulus program which dwarfed the New Deal in size.”

    So which is it? Why won’t attacking Iran bring us the same kind of prosperity that attacking Germany and Japan did?

    “So you are actually insisting the economy tanked because of the possibility that Obama MIGHT get elected? A full 2 years in advance? Up until McCain’s retarded VP pick he was running neck and neck with Obama. Did the markets predict this?”

    Yes, both Limbaugh and O’Reilly have convinced me that this is exactly what happened.

    thatsrightnate

    December 29, 2008 at 1:54 pm

  17. […] Republican leader Representative Steve Austria (R-OH)  jumped into the spotlight by saying what I have said all along, that FDR caused the Great Depression.  “When (President Franklin) Roosevelt did this, he put […]

  18. You should read your history. FDR’s programs, namely his GOVERNMENT spending on WWII set the United States and the WORLD on the path toward the GREATEST ECONOMIC EXPANSION IN HUMAN HISTORY. Like all of the right wing republican creed, you claim that you are against “government domination” of American lives, when you would rather have government and the people be dominated by business and the rich. I have read plenty about the great depression and have actually talked to people who were affected by it and they will also testify that it was Franklin Delano Roosevelt that almost single-handily save this entire civilization from an abyss. If you read your history – Sutton – you would know that it was blatant, runaway capitalism that brought on the depression and that FDR was the only thing that stood between this civilization and communism. The Russians weren’t so lucky.

    Your class didn’t give a damn about any constitution, the only thing that your kind cared about was your profits – to hell with the people and any one with the compassion to actually look out for them… What capitalist was looking out for them? You? – what are you smokin’ pal? The unemployment rate during the great depression was 25%, and that was before FDR was elected to office. And if it weren’t for these “handouts”, “federal jobs” and “subsidized loans”, people would have starved. But believe me, before they let their children starve, we would have had a “regime change” in a very big way, and had an American form of communism taken root in this world, it would be a very different world indeed. You don’t know what you are talking about with all that good American crap you are trying to pretend to spout. Either you are a fool, who knows nothing about how the government works, or you think I am. Either way, you do not have the right to even mention Franklin Delano Roosevelt’s name, let alone criticize his policies, policies, of which you are obviously a great beneficiary of. You Mr. Sutton, should just shut the hell up!

    Raymond T. Jackson

    March 26, 2010 at 2:56 am

  19. Wow–a lot of food for thought there. I guess my first question is who is Sutton? I think your problem is that you fail to grasp the scope of the Great Depression because you’re getting your information from conservation and reading–two dead communications tools. Do you have any videos or power points that back up your claims? I didn’t think so.

    thatsrightnate

    March 26, 2010 at 4:41 am

  20. Did you factor in that the Republicans would have voted no, on eyrevhing you suggested, simply because you were black and represented the other party ? Sigh. Your argument is that Republicans oppose Obama because he is African-American. Aside from the usual old saw that because Republicans don’t blithely accept big government policies they must be racists, please prove your charge of racism. You cannot because it a fatuous argument, and nothing but the usual Democratic race-baiting that does nothing to move the country forward. Did you factor in that the Republicans would have voted no, on eyrevhing you suggested, simply because you were black and represented the other party ? That’s how Jim DeMint and Mitch McConnell vote. Now remove the absurd blanket charge of racism, and you make a fair point here. Some Republicans have been doing nothing but obstructing this president. Yet, it seems no different to me than how the Democratic Congress obstructed President Bush in the midst of a war (they opposed it after they voted for it). The war is lost comment by Senator Quisling Reid comes to mind. The last thing a soldier in combat needs is a Senator at home telling him that all his efforts are lost. It is, of course, the first thing the enemy needs. From the figures I find at the bureau of labor statistics, Obama’s administration has created more jobs, than the net total Bush created. Bush created 3.3 million during the first part of his terms, but lost 4.4 million, giving him a net loss of 1.1 million, which are the worst figures of any president serving a 4 year term, since they started keeping records during Harry Truman’s presidency in the ’40s I have no idea where you are getting these numbers, nor what your methodology is. However, they are wrong. Bush lost 653,000 net private sector jobs, while Obama has lost 1.26 million according to the lastest BLS numbers. I posted them in the latest incarnation of his unemployment post here (), where you can see exactly how I arrived there. To say that net positive jobs have been created during the Obama administration is simply wrong. That’s not at all what the official data shows. As an interesting aside, some 200 presidential scholars have recently put your man George W. at 4 up from the bottom of the list of presidents, meaning only three have been worse in our history. By the way, Jimmy Carter is considerably ahead of Bush, UP the list. I’m sure that some historians argue that FDR’s policies were what caused the depression to last as long as it did. What’s your point? The argument here is about Obama, who has been in office for three years and who had a solid Democratic majority for two of them. He inherited a mess to be sure, but his efforts have done little to get us out of this mess. He inherited a mess with a 7.8% unemployment rate. The unemployment rate is now 8.6%. All I am asking for is an unemployment rate below 7.8%. To me, that is an objective sign of improvement. And THREE YEARS is not instantaneous. It is a long period of time. How many years does he need to show even a little progress? It is time he accepted his own share of the mess.

    Ara

    May 22, 2012 at 2:35 am


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: