Tuesday, July 20, 2010

Why Not Study FDR and His Actions

A great idea: Why not have the media relate what Franklin D. Roosevelt really did to get us out of the Great Depression in the 1930s. How he did not succeed at creating jobs. Though what little the general public does know, or thinks he did.

We ought to learn how his Treasury Secretary, Henry Morgenthau admitted in his memoirs at the end of his years of effort, and just before World War II, how we were still mired in unemployment. How 1937 and 1938 were particularly bad, after all the economic pump-priming after 1932.

Roosevelt believed in high taxes and Keynesian spending by government that did not work. The very philosophy being used by the Obama administration today.

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