Exposing The Lies of Roosevelt's Economy

[guno]

You know nothing about history or have known anyone from that time frame of the great depression

Some of the great things that were done by the FDR administration

The Works Progress Administration (renamed in 1939 as the Work Projects Administration; WPA) was the largest and most ambitious American New Deal agency, employing millions of unemployed people (mostly unskilled men) to carry out public works projects, including the construction of public buildings and roads. In a much smaller but more famous project, the Federal Project Number One, the WPA employed musicians, artists, writers, actors and directors in large arts, drama, media, and literacy projects.
Almost every community in the United States had a new park, bridge or school constructed by the agency. The WPA's initial appropriation in 1935 was for $4.9 billion (about 6.7 percent of the 1935 GDP), and in total it spent $13.4 billion.



Archives of American Art - Employment and Activities poster for the WPA's Federal Art Project - 11772
At its peak in 1938, it provided paid jobs for three million unemployed men and women, as well as youth in a separate division, the National Youth Administration. Headed by Harry Hopkins, the WPA provided jobs and income to the unemployed during the Great Depression in the United States. Between 1935 and 1943, the WPA provided almost eight million jobs. Full employment, which was reached in 1942 and emerged as a long-term national goal around 1944, was not the WPA goal. It tried to provide one paid job for all families in which the breadwinner suffered long-term unemployment.[4] Robert D. Leighninger asserts that “The stated goal of public building programs was to end the depression or, at least, alleviate its worst effects. Millions of people needed subsistence incomes. Work relief was preferred over public assistance (the dole) because it maintained self-respect, reinforced the work ethic, and kept skills sharp."

The WPA was a national program that operated its own projects in cooperation with state and local governments, which provided 10%-30% of the costs. Usually the local sponsor provided land and often trucks and supplies, with the WPA responsible for wages (and for the salaries of supervisors, who were not on relief.) . WPA sometimes took over state and local relief programs that had originated in the Reconstruction Finance Corporation (RFC) or Federal Emergency Relief Administration (FERA) programs


The Civilian Conservation Corps (CCC)

"a public work relief program that operated from 1933 to 1942 in the United States for unemployed, unmarried men from relief families, ages 18–25 as part of the New Deal. Robert Fechner was the head of the agency. It was a major part of President Franklin D. Roosevelt's New Deal that provided unskilled manual labor jobs related to the conservation and development of natural resources in rural lands owned by federal, state and local governments. The CCC was designed to provide jobs for young men, to relieve families who had difficulty finding jobs during the Great Depression in the United States while at the same time implementing a general natural resource conservation program in every state and territory. Maximum enrollment at any one time was 300,000; in nine years 3 million young men participated in the CCC, which provided them with shelter, clothing, and food, together with a small wage of $30 a month ($25 of which had to be sent home to their families).

The American public made the CCC the most popular of all the New Deal programs. Principal benefits of an individual's enrollment in the CCC included improved physical condition, heightened morale, and increased employability. Implicitly, the CCC also led to a greater public awareness and appreciation of the outdoors and the nation's natural resources; and the continued need for a carefully planned, comprehensive national program for the protection and development of natural resources.

During the time of the CCC, volunteers planted nearly 3 billion trees to help reforest America, constructed more than 800 parks nationwide and upgraded most state parks, updated forest fire fighting methods, and built a network of service buildings and public roadways in remote areas."


Despite its popular support, the CCC was never a permanent agency. It depended on emergency and temporary Congressional legislation for its existence. By 1942, with World War II and the draft in operation, need for work relief declined and Congress voted to close the program

The Tennessee Valley Authority (TVA)

is a federally owned corporation in the United States created by congressional charter in May 1933 to provide navigation, flood control, electricity generation, fertilizer manufacturing, and economic development in the Tennessee Valley, a region particularly affected by the Great Depression. The enterprise was a result of the efforts of Senator George W. Norris of Nebraska. TVA was envisioned not only as a provider, but also as a regional economic development agency that would use federal experts and electricity to rapidly modernize the region's economy and society.

TVA's service area covers most of Tennessee, portions of Alabama, Mississippi, and Kentucky, and small slices of Georgia, North Carolina, and Virginia. It was the first large regional planning agency of the federal government and remains the largest. Under the leadership of David Lilienthal ("Mr. TVA"), TVA became a model for America's governmental efforts to seek to assist in the modernization of agrarian societies in the developing world


So once again you show your ignorance of this country and its history.

 

[CrusaderFrank]

You know nothing about history or have known anyone from that time frame of the great depression

Some of the great things that were done by the FDR administration

The Works Progress Administration (renamed in 1939 as the Work Projects Administration; WPA) was the largest and most ambitious American New Deal agency, employing millions of unemployed people (mostly unskilled men) to carry out public works projects, including the construction of public buildings and roads. In a much smaller but more famous project, the Federal Project Number One, the WPA employed musicians, artists, writers, actors and directors in large arts, drama, media, and literacy projects.
Almost every community in the United States had a new park, bridge or school constructed by the agency. The WPA's initial appropriation in 1935 was for $4.9 billion (about 6.7 percent of the 1935 GDP), and in total it spent $13.4 billion.



Archives of American Art - Employment and Activities poster for the WPA's Federal Art Project - 11772
At its peak in 1938, it provided paid jobs for three million unemployed men and women, as well as youth in a separate division, the National Youth Administration. Headed by Harry Hopkins, the WPA provided jobs and income to the unemployed during the Great Depression in the United States. Between 1935 and 1943, the WPA provided almost eight million jobs. Full employment, which was reached in 1942 and emerged as a long-term national goal around 1944, was not the WPA goal. It tried to provide one paid job for all families in which the breadwinner suffered long-term unemployment.[4] Robert D. Leighninger asserts that “The stated goal of public building programs was to end the depression or, at least, alleviate its worst effects. Millions of people needed subsistence incomes. Work relief was preferred over public assistance (the dole) because it maintained self-respect, reinforced the work ethic, and kept skills sharp."

The WPA was a national program that operated its own projects in cooperation with state and local governments, which provided 10%-30% of the costs. Usually the local sponsor provided land and often trucks and supplies, with the WPA responsible for wages (and for the salaries of supervisors, who were not on relief.) . WPA sometimes took over state and local relief programs that had originated in the Reconstruction Finance Corporation (RFC) or Federal Emergency Relief Administration (FERA) programs


The Civilian Conservation Corps (CCC)

"a public work relief program that operated from 1933 to 1942 in the United States for unemployed, unmarried men from relief families, ages 18–25 as part of the New Deal. Robert Fechner was the head of the agency. It was a major part of President Franklin D. Roosevelt's New Deal that provided unskilled manual labor jobs related to the conservation and development of natural resources in rural lands owned by federal, state and local governments. The CCC was designed to provide jobs for young men, to relieve families who had difficulty finding jobs during the Great Depression in the United States while at the same time implementing a general natural resource conservation program in every state and territory. Maximum enrollment at any one time was 300,000; in nine years 3 million young men participated in the CCC, which provided them with shelter, clothing, and food, together with a small wage of $30 a month ($25 of which had to be sent home to their families).

The American public made the CCC the most popular of all the New Deal programs. Principal benefits of an individual's enrollment in the CCC included improved physical condition, heightened morale, and increased employability. Implicitly, the CCC also led to a greater public awareness and appreciation of the outdoors and the nation's natural resources; and the continued need for a carefully planned, comprehensive national program for the protection and development of natural resources.

During the time of the CCC, volunteers planted nearly 3 billion trees to help reforest America, constructed more than 800 parks nationwide and upgraded most state parks, updated forest fire fighting methods, and built a network of service buildings and public roadways in remote areas."


Despite its popular support, the CCC was never a permanent agency. It depended on emergency and temporary Congressional legislation for its existence. By 1942, with World War II and the draft in operation, need for work relief declined and Congress voted to close the program

The Tennessee Valley Authority (TVA)

is a federally owned corporation in the United States created by congressional charter in May 1933 to provide navigation, flood control, electricity generation, fertilizer manufacturing, and economic development in the Tennessee Valley, a region particularly affected by the Great Depression. The enterprise was a result of the efforts of Senator George W. Norris of Nebraska. TVA was envisioned not only as a provider, but also as a regional economic development agency that would use federal experts and electricity to rapidly modernize the region's economy and society.

TVA's service area covers most of Tennessee, portions of Alabama, Mississippi, and Kentucky, and small slices of Georgia, North Carolina, and Virginia. It was the first large regional planning agency of the federal government and remains the largest. Under the leadership of David Lilienthal ("Mr. TVA"), TVA became a model for America's governmental efforts to seek to assist in the modernization of agrarian societies in the developing world


So once again you show your ignorance of this country and its history.

Yes, that's the premise of the OP, FDR did a lot of damage to the ecomony

 

[guno]

You know nothing about history or have known anyone from that time frame of the great depression

Some of the great things that were done by the FDR administration

The Works Progress Administration (renamed in 1939 as the Work Projects Administration; WPA) was the largest and most ambitious American New Deal agency, employing millions of unemployed people (mostly unskilled men) to carry out public works projects, including the construction of public buildings and roads. In a much smaller but more famous project, the Federal Project Number One, the WPA employed musicians, artists, writers, actors and directors in large arts, drama, media, and literacy projects.
Almost every community in the United States had a new park, bridge or school constructed by the agency. The WPA's initial appropriation in 1935 was for $4.9 billion (about 6.7 percent of the 1935 GDP), and in total it spent $13.4 billion.



Archives of American Art - Employment and Activities poster for the WPA's Federal Art Project - 11772
At its peak in 1938, it provided paid jobs for three million unemployed men and women, as well as youth in a separate division, the National Youth Administration. Headed by Harry Hopkins, the WPA provided jobs and income to the unemployed during the Great Depression in the United States. Between 1935 and 1943, the WPA provided almost eight million jobs. Full employment, which was reached in 1942 and emerged as a long-term national goal around 1944, was not the WPA goal. It tried to provide one paid job for all families in which the breadwinner suffered long-term unemployment.[4] Robert D. Leighninger asserts that “The stated goal of public building programs was to end the depression or, at least, alleviate its worst effects. Millions of people needed subsistence incomes. Work relief was preferred over public assistance (the dole) because it maintained self-respect, reinforced the work ethic, and kept skills sharp."

The WPA was a national program that operated its own projects in cooperation with state and local governments, which provided 10%-30% of the costs. Usually the local sponsor provided land and often trucks and supplies, with the WPA responsible for wages (and for the salaries of supervisors, who were not on relief.) . WPA sometimes took over state and local relief programs that had originated in the Reconstruction Finance Corporation (RFC) or Federal Emergency Relief Administration (FERA) programs


The Civilian Conservation Corps (CCC)

"a public work relief program that operated from 1933 to 1942 in the United States for unemployed, unmarried men from relief families, ages 18–25 as part of the New Deal. Robert Fechner was the head of the agency. It was a major part of President Franklin D. Roosevelt's New Deal that provided unskilled manual labor jobs related to the conservation and development of natural resources in rural lands owned by federal, state and local governments. The CCC was designed to provide jobs for young men, to relieve families who had difficulty finding jobs during the Great Depression in the United States while at the same time implementing a general natural resource conservation program in every state and territory. Maximum enrollment at any one time was 300,000; in nine years 3 million young men participated in the CCC, which provided them with shelter, clothing, and food, together with a small wage of $30 a month ($25 of which had to be sent home to their families).

The American public made the CCC the most popular of all the New Deal programs. Principal benefits of an individual's enrollment in the CCC included improved physical condition, heightened morale, and increased employability. Implicitly, the CCC also led to a greater public awareness and appreciation of the outdoors and the nation's natural resources; and the continued need for a carefully planned, comprehensive national program for the protection and development of natural resources.

During the time of the CCC, volunteers planted nearly 3 billion trees to help reforest America, constructed more than 800 parks nationwide and upgraded most state parks, updated forest fire fighting methods, and built a network of service buildings and public roadways in remote areas."


Despite its popular support, the CCC was never a permanent agency. It depended on emergency and temporary Congressional legislation for its existence. By 1942, with World War II and the draft in operation, need for work relief declined and Congress voted to close the program

The Tennessee Valley Authority (TVA)

is a federally owned corporation in the United States created by congressional charter in May 1933 to provide navigation, flood control, electricity generation, fertilizer manufacturing, and economic development in the Tennessee Valley, a region particularly affected by the Great Depression. The enterprise was a result of the efforts of Senator George W. Norris of Nebraska. TVA was envisioned not only as a provider, but also as a regional economic development agency that would use federal experts and electricity to rapidly modernize the region's economy and society.

TVA's service area covers most of Tennessee, portions of Alabama, Mississippi, and Kentucky, and small slices of Georgia, North Carolina, and Virginia. It was the first large regional planning agency of the federal government and remains the largest. Under the leadership of David Lilienthal ("Mr. TVA"), TVA became a model for America's governmental efforts to seek to assist in the modernization of agrarian societies in the developing world


So once again you show your ignorance of this country and its history.

Yes, that's the premise of the OP, FDR did a lot of damage to the ecomony

What ignorance

 

[Camp]

You know nothing about history or have known anyone from that time frame of the great depression

Some of the great things that were done by the FDR administration

The Works Progress Administration (renamed in 1939 as the Work Projects Administration; WPA) was the largest and most ambitious American New Deal agency, employing millions of unemployed people (mostly unskilled men) to carry out public works projects, including the construction of public buildings and roads. In a much smaller but more famous project, the Federal Project Number One, the WPA employed musicians, artists, writers, actors and directors in large arts, drama, media, and literacy projects.
Almost every community in the United States had a new park, bridge or school constructed by the agency. The WPA's initial appropriation in 1935 was for $4.9 billion (about 6.7 percent of the 1935 GDP), and in total it spent $13.4 billion.



Archives of American Art - Employment and Activities poster for the WPA's Federal Art Project - 11772
At its peak in 1938, it provided paid jobs for three million unemployed men and women, as well as youth in a separate division, the National Youth Administration. Headed by Harry Hopkins, the WPA provided jobs and income to the unemployed during the Great Depression in the United States. Between 1935 and 1943, the WPA provided almost eight million jobs. Full employment, which was reached in 1942 and emerged as a long-term national goal around 1944, was not the WPA goal. It tried to provide one paid job for all families in which the breadwinner suffered long-term unemployment.[4] Robert D. Leighninger asserts that “The stated goal of public building programs was to end the depression or, at least, alleviate its worst effects. Millions of people needed subsistence incomes. Work relief was preferred over public assistance (the dole) because it maintained self-respect, reinforced the work ethic, and kept skills sharp."

The WPA was a national program that operated its own projects in cooperation with state and local governments, which provided 10%-30% of the costs. Usually the local sponsor provided land and often trucks and supplies, with the WPA responsible for wages (and for the salaries of supervisors, who were not on relief.) . WPA sometimes took over state and local relief programs that had originated in the Reconstruction Finance Corporation (RFC) or Federal Emergency Relief Administration (FERA) programs


The Civilian Conservation Corps (CCC)

"a public work relief program that operated from 1933 to 1942 in the United States for unemployed, unmarried men from relief families, ages 18–25 as part of the New Deal. Robert Fechner was the head of the agency. It was a major part of President Franklin D. Roosevelt's New Deal that provided unskilled manual labor jobs related to the conservation and development of natural resources in rural lands owned by federal, state and local governments. The CCC was designed to provide jobs for young men, to relieve families who had difficulty finding jobs during the Great Depression in the United States while at the same time implementing a general natural resource conservation program in every state and territory. Maximum enrollment at any one time was 300,000; in nine years 3 million young men participated in the CCC, which provided them with shelter, clothing, and food, together with a small wage of $30 a month ($25 of which had to be sent home to their families).

The American public made the CCC the most popular of all the New Deal programs. Principal benefits of an individual's enrollment in the CCC included improved physical condition, heightened morale, and increased employability. Implicitly, the CCC also led to a greater public awareness and appreciation of the outdoors and the nation's natural resources; and the continued need for a carefully planned, comprehensive national program for the protection and development of natural resources.

During the time of the CCC, volunteers planted nearly 3 billion trees to help reforest America, constructed more than 800 parks nationwide and upgraded most state parks, updated forest fire fighting methods, and built a network of service buildings and public roadways in remote areas."


Despite its popular support, the CCC was never a permanent agency. It depended on emergency and temporary Congressional legislation for its existence. By 1942, with World War II and the draft in operation, need for work relief declined and Congress voted to close the program

The Tennessee Valley Authority (TVA)

is a federally owned corporation in the United States created by congressional charter in May 1933 to provide navigation, flood control, electricity generation, fertilizer manufacturing, and economic development in the Tennessee Valley, a region particularly affected by the Great Depression. The enterprise was a result of the efforts of Senator George W. Norris of Nebraska. TVA was envisioned not only as a provider, but also as a regional economic development agency that would use federal experts and electricity to rapidly modernize the region's economy and society.

TVA's service area covers most of Tennessee, portions of Alabama, Mississippi, and Kentucky, and small slices of Georgia, North Carolina, and Virginia. It was the first large regional planning agency of the federal government and remains the largest. Under the leadership of David Lilienthal ("Mr. TVA"), TVA became a model for America's governmental efforts to seek to assist in the modernization of agrarian societies in the developing world


So once again you show your ignorance of this country and its history.

Yes, that's the premise of the OP, FDR did a lot of damage to the ecomony

What ignorance

Franklin D. Roosevelt was a very mean and cruel man. Instead of letting people sit around and listen to their radio's while they collected food and sustenance from the gov'ment, he made them go out and work on stuff and build things. So, big deal if we are still using the stuff he made those people build 80 years ago. It was mean and cruel for him to make people have jobs. Am I right or what?

 

[CrusaderFrank]

I recommend "The Forgotten Man" by Amity Shales

 

[HelenaHandbag]

Yes, that's the premise of the OP, FDR did a lot of damage to the ecomony

What ignorance

Franklin D. Roosevelt was a very mean and cruel man. Instead of letting people sit around and listen to their radio's while they collected food and sustenance from the gov'ment, he made them go out and work on stuff and build things. So, big deal if we are still using the stuff he made those people build 80 years ago. It was mean and cruel for him to make people have jobs. Am I right or what?

At what cost?

Since government has nothing that it does not take from someone else first, how does it "create" a job here, without destroying one over there?

 

[Camp]

What ignorance

Franklin D. Roosevelt was a very mean and cruel man. Instead of letting people sit around and listen to their radio's while they collected food and sustenance from the gov'ment, he made them go out and work on stuff and build things. So, big deal if we are still using the stuff he made those people build 80 years ago. It was mean and cruel for him to make people have jobs. Am I right or what?

At what cost?

Since government has nothing that it does not take from someone else first, how does it "create" a job here, without destroying one over there?

Your premise that the government has nothing is a misconception and just flat out wrong. Of course I was using sarcasm to make a point, but you missed the point.

The government owned the ridge lines that the Blue Ridge Parkway was built on. It was government "owned" property. Unless you want to get silly and take it back to native American ownership, but even that can be contested since multiple tribes claimed the land in question. The government also owned the forest that were turned into National Forest and Parks. Where lands were taken for the building of dams, it can be argued that eminent domain was used and the people were paid for the real estate they had to vacate

Nobody was building a road on the ridges of the Blue Ridge Mountains. It's only use was as a source for timber and hunting. It is still being used for those uses today. The Parkway did not change that. The thing that changed was that locals who lived in the worst poverty in America suddenly had jobs operating and working in restaurants, motels, shops, fuel stations, etc. Towns along the Parkway became tourist destinations. The temporary jobs of building the Parkway gave way to permanent jobs. The jobs still exist.

Roosevelt also created jobs public in forest and on public lands by creating parks. He sent crews out to build roads to publicly owned property, built structures and facilities for the use of tourist and travelers. Those developments and attractions did the same thing as the Parkway did. They created jobs in local communities. They are still providing jobs for those communities.

FDR took stuff we owned, the government owned, and turned it into sources of income and investment that you and I are continuing to collect on and profit on. Americans are still earning a living and feeding their families on stuff FDR built 80 years ago. People claim he was bad about economics, but you have to be an idiot not to realize he was a hell of a good investor.

 

[Dad2three]

Time to slice and dice the Liberal propaganda. Here are the facts:

8. In 1921, the top 5% earned 25.47% of the nation's income...in 1929, the top 5%'s share skyrocketed all the way up to ......26.09%!!!!

9. Corporate profits? They averaged 8.2% from 1900 to 1920. But what about from 1920 to 1929??? They remained at 8.2%.
For those in Rio Linda, that means that there was no upsurge in said profits during the decade.


10. But what about employee wages during the decade of the '20s?? They rose...from 55% to 60% of corporate income.

11. Wait...what about the percentage of GNP that went to consumption? Bet it fell, huh? Wrong.
It rose from 68% in 1920 to 75% in 1927, 1928, and 1929.
"Coolidge and the Historians," by Thomas B. Silver, p.124-136, and Folsom, "New Deal or Raw Deal," p.34-35



You're on.

8) Why the top 5%? Why 1921?

The top 1% went from under 15% of the entire pie in 1920 to almost 25% by 1928?


Source: Piketty and Saez



9) American capitalism underwent three testings during 1920-1945. From 1920 to 1929, corporate firms prospered as never before, the national government presided benevolently in the interest of business, and profitivity reached record levels. Economic rewards were very unevenly distributed.

newhistoryDOTorg/CH09.htm]A Short History of American Capitalism: THE TESTING OF AMERICAN CAPITALISM[/url]


Conservative policy NEVER works, except for the 1%ers, EVER

 

[regent]

Or as Milton Friedman admitted, capitalism works on greed.

 

[PoliticalChic]

Time to slice and dice the Liberal propaganda. Here are the facts:

8. In 1921, the top 5% earned 25.47% of the nation's income...in 1929, the top 5%'s share skyrocketed all the way up to ......26.09%!!!!

9. Corporate profits? They averaged 8.2% from 1900 to 1920. But what about from 1920 to 1929??? They remained at 8.2%.
For those in Rio Linda, that means that there was no upsurge in said profits during the decade.


10. But what about employee wages during the decade of the '20s?? They rose...from 55% to 60% of corporate income.

11. Wait...what about the percentage of GNP that went to consumption? Bet it fell, huh? Wrong.
It rose from 68% in 1920 to 75% in 1927, 1928, and 1929.
"Coolidge and the Historians," by Thomas B. Silver, p.124-136, and Folsom, "New Deal or Raw Deal," p.34-35



You're on.

8) Why the top 5%? Why 1921?

The top 1% went from under 15% of the entire pie in 1920 to almost 25% by 1928?


Source: Piketty and Saez



9) American capitalism underwent three testings during 1920-1945. From 1920 to 1929, corporate firms prospered as never before, the national government presided benevolently in the interest of business, and profitivity reached record levels. Economic rewards were very unevenly distributed.

newhistoryDOTorg/CH09.htm]A Short History of American Capitalism: THE TESTING OF AMERICAN CAPITALISM[/url]


Conservative policy NEVER works, except for the 1%ers, EVER

Dead wrong, Daddy



For guys like Piketty, and Obama, their view is absorbed from living at the corner of Dark and Gloomy.....gee, no economic mobility, the rich just getting richer and taking over, the economy keeps going down the tubes due to that income inequality stuff....

But....how accurate is Piketty's view of America's income inequality, i.e., lack of social and economic mobility, etc.?

"Far from having the 21st-century equivalent of an Edwardian class system, the United States is characterized by a great deal of variation in income: More than half of all adult Americans will be at or near the poverty line at some point over the course of their lives; 73 percent will also find themselves in the top 20 percent, and 39 percent will make it into the top 5 percent for at least one year. Perhaps most remarkable, 12 percent of Americans will be in the top 1 percent for at least one year of their working lives.


The top 1 percent,,.... is such an unstable group that it makes no sense to write, as so many progressives do, about what has happened to its income over the past ten year or twenty years, because it does not contain the same group of people from year to year.

... the turnover among the super-rich (the top 400 taxpayers in any given year) is 98 percent over a decade — that is, just 2 percent of that elusive group remain there for ten years in a row.

Data from the Bureau of Labor Statistics finds that among the allegedly privileged 1 percent, inherited wealth accounts for only 15 percent of household holdings, a smaller share than it does among middle-class families."
National Review Online | Print





So....as Piketty is so abysmally incorrect about economics, and is held in such high esteem by Obama and his ilk.....what can we derive from this lesson?

Let me suggest the wisdom of this old aphorism:

"The 13th chime of a clock, not only does it make no sense, but it calls into question the validity of the 12 chimes that preceded it."

 

[PoliticalChic]

Or as Milton Friedman admitted, capitalism works on greed.

Some say greed, some say ambition.


In any case, it is the the grease of a prosperous economy.

 

[Camp]

Or as Milton Friedman admitted, capitalism works on greed.

Some say greed, some say ambition.


In any case, it is the the grease of a prosperous economy.

The only people that say greed is synonymous with ambition are people who are embarrassed at being greedy or supporting greed or in any way connected to greed. Ambition is not related to greed in any way.
Knowing your vast and impressive scholarly skills, perhaps you can find us a source to show the word greed is synonymous with ambition.

 

[PoliticalChic]

Or as Milton Friedman admitted, capitalism works on greed.

Some say greed, some say ambition.


In any case, it is the the grease of a prosperous economy.

The only people that say greed is synonymous with ambition are people who are embarrassed at being greedy or supporting greed or in any way connected to greed. Ambition is not related to greed in any way.
Knowing your vast and impressive scholarly skills, perhaps you can find us a source to show the word greed is synonymous with ambition.

The only people that describe ambition, the road to success, as greed are the lazy and jealous.

Raise your paw.

 

[HelenaHandbag]

Franklin D. Roosevelt was a very mean and cruel man. Instead of letting people sit around and listen to their radio's while they collected food and sustenance from the gov'ment, he made them go out and work on stuff and build things. So, big deal if we are still using the stuff he made those people build 80 years ago. It was mean and cruel for him to make people have jobs. Am I right or what?

At what cost?

Since government has nothing that it does not take from someone else first, how does it "create" a job here, without destroying one over there?

Your premise that the government has nothing is a misconception and just flat out wrong. Of course I was using sarcasm to make a point, but you missed the point.

Name one thing it has that is has not taken from someone else.

The government owned the ridge lines that the Blue Ridge Parkway was built on. It was government "owned" property. Unless you want to get silly and take it back to native American ownership, but even that can be contested since multiple tribes claimed the land in question. The government also owned the forest that were turned into National Forest and Parks. Where lands were taken for the building of dams, it can be argued that eminent domain was used and the people were paid for the real estate they had to vacate

Nobody was building a road on the ridges of the Blue Ridge Mountains. It's only use was as a source for timber and hunting. It is still being used for those uses today. The Parkway did not change that. The thing that changed was that locals who lived in the worst poverty in America suddenly had jobs operating and working in restaurants, motels, shops, fuel stations, etc. Towns along the Parkway became tourist destinations. The temporary jobs of building the Parkway gave way to permanent jobs. The jobs still exist.

That land was seized from the states through which the parkway runs.

Roosevelt also created jobs public in forest and on public lands by creating parks. He sent crews out to build roads to publicly owned property, built structures and facilities for the use of tourist and travelers. Those developments and attractions did the same thing as the Parkway did. They created jobs in local communities. They are still providing jobs for those communities.

FDR took stuff we owned, the government owned, and turned it into sources of income and investment that you and I are continuing to collect on and profit on. Americans are still earning a living and feeding their families on stuff FDR built 80 years ago. People claim he was bad about economics, but you have to be an idiot not to realize he was a hell of a good investor.

Oh yeah? When does my dividend check come in the mail?

Roosevelt destroyed one potential job in the private sector for every one he "created". He did not invest crap. He expropriated and redistributed, like the progressive central planner that he was.

 

[Kimura]

Let's just pretend that you have any cerebral capacity....I know, quite a stretch...but I'm about to give you an opportunity to actually show you belong in an adult discussion.

Quit running, chickenshit. Explain why you're claiming stimulus spending only works if you build bombs. Give us the economic justification for your kook theory.

I challenge you to look at his statements, and then the actual economic data of the era....and explain the discrepancies.

Actual economic data was that when FDR spent, the depression lessened. When Republicans forced him to stop spending, the depression returned. FDR's policies, when Republicans allowed them to be implemented, ended the depression. That's history, and your fevered fudging attempts can't rewrite it.

Hmmmm . . . . . no, that isn't what the economic data shows. Recessions always end on their own without government interference of any kind. Roosevelt, like Obama, simply had the good fortune to get inaugurated when the downturn was at its peak. It would have ended even sooner if it wasn't for all the counter productive measures that were passed during the Hoover administration, and that FDR endorsed. Measures like tripling the top marginal rate on income tax, and the Smoot Hawley tariff. Everything FDR did extended a sharp recession into a long depression.

You can read all about FDR's disastrous policies here:

The Free Market: How FDR Made the Depression Worse

Yes, it does, I posted real GDP and real GDP per capital numbers. LOL @ von Mises Institute and these quackademics. And sorry, recessions don't magically disappear with Austrian pixey dust.

 

[Kimura]

Time to put to rest the fable that Roosevelt's economic policies were based on the situation at the time.
No, they were based on Roosevelt's megalomania.
And, a web of lies.



First, I will provide the words of Rooseveltian loving historians/economists.
Then, Roosevelt's
Then a way to test their views.
Then....ka-boom! I'll blow 'em out of the water!




1. For Liberals, Franklin Roosevelt was the cavalry riding in at the last minute to rescue an economy utterly destroyed by profit-mad Republicans.

The belief is largely based on lies told about the economy prior to the Depression, summed up this way:

"The character of the Republican ascendancy of the twenties has be pervasively negative; the character of the New Deal was overwhelmingly positive." Guess Who? by Thomas Sowell on Creators.com - A Syndicate Of Talent

BTW....that was Professors Commager and Morris of Columbia, stars of the Liberal firmament. If you went to university, this is what you were taught.
And, without personal research....believe.




2. According to another Liberal star, Arthur Schlesinger, and to the others, the evil industrialists of the 1920s kept pay low and prices high, so that workers didn't have the money to buy the products they were making.

a. "Managements disposition [in the 1920s] to maintain prices...meant that workers and farmers were denied the benefits of increases in there own productivity. The consequences was the relative decline of mass purchasing power."
Arthur Schlesinger, "The Crisis of the Old Order." Understanding Bushonomics | Center for American Progress


b. " Insofar as one accepts the theory that underconsumption explains the Depression, and I do, then one can say that the Presidents of the 1920's are to blame...."
"The FDR Years: On Roosevelt and His Legacy,"
By William Edward Leuchtenburg, p.210

BTW, Professor Leuchtenburg trained more New Deal historians than any one!





4. OK? Get it straight....
So now we know how the Republicans, and the free market, prior to the vaunted FDR, screwed the economy up, causing the Depression.


Just one problem.
The facts don't back that up.
At all.





a. Just so you understand what the colleges are teaching, the 1920s were chock-a-block years for industrial growth....but it only benefitted the rich, with the poor getting poorer. Then tax cuts by Mellon and Coolidge gave more to the rich!


Based on this fable, most people could not afford to buy what they produced, i.e., "underconsumption."



What logically followed was overproduction with too few buyers for too many goods. What else could any expect but the Depression!
And...careful government planning and regulation, the cure. http://www.fee.org/files/doclib/20121119_GreatMyths2011FINALweb1.pdf




Are we clear, then, about the story that the Liberal Roosevelian historians/economists are pushing?
Any questions?



Good.....now watch me demolish same.

LOL

We've all seen the graphs demonstrating the joblessness in the 1930s under FDR. Most of the data clearly shows that it went from 25% in 1933 to roughly 15% in 1937. However, this data doesn't include statistics about employment through emergency relief work provided by the federal government. This was due to ideological bias by Stanley Lebergott who assembled all the data.

If we included employment from relief work in the data, unemployment under FDR went from 25% to under 10% by 1937. This a far better track record than official statistics will reveal.

Under FDR, real GDP and real per capita GDP increase to historically high rates.

You can find more HERE

Year | GDP* | Growth Rate

1929 | $977,000
1930 | $892,800 | -8.61%
1931 | $834,900 | -6.48%
1932 | $725,800 | -13.06%
1933 | $716,400 | -1.29%
1934 | $794,400 | 10.88%
1935 | $865,000 | 8.88%
1936 | $977,900 | 13.05%
1937 | $1,028,000 | 5.12%
1938 | $992,600 | -3.44%
1939 | $1,072,800 | 8.07%
1940 | $1,166,900 | 8.77%

Real Per Capita GDP:

Year | GDP | Growth rate

1929 | 6899 | 5.02%
1930 | 6213 | -9.94%
1931 | 5691 | -8.40%
1932 | 4908 | -13.75%
1933 | 4777 | -2.66%
1934 | 5114 | 7.05%
1935 | 5467 | 6.90%
1936 | 6204 | 13.48%
1937 | 6430 | 3.64%
1938 | 6126 | -4.72%
1939 | 6561 | 7.10%
1940 | 7010 | 6.84%

[url=http://www.measuringworth.com/datasets/usgdp/result.php]Measuring Worth - GDP result.[/URL]

Isn't that a little like counting people collecting unemployment as employed?

FDR had the worst economic track record in human history, worse than the 7 Biblical Lean Years.

Please feel free to defend it

Please feel free to look at the real GDP and real GDP per capita numbers I posted. Unfortunately, he made the mistake of cutting spending and listening to his advisors, which we can see reflected in some of these numbers.

 

[CrusaderFrank]

Quit running, chickenshit. Explain why you're claiming stimulus spending only works if you build bombs. Give us the economic justification for your kook theory.



Actual economic data was that when FDR spent, the depression lessened. When Republicans forced him to stop spending, the depression returned. FDR's policies, when Republicans allowed them to be implemented, ended the depression. That's history, and your fevered fudging attempts can't rewrite it.

Hmmmm . . . . . no, that isn't what the economic data shows. Recessions always end on their own without government interference of any kind. Roosevelt, like Obama, simply had the good fortune to get inaugurated when the downturn was at its peak. It would have ended even sooner if it wasn't for all the counter productive measures that were passed during the Hoover administration, and that FDR endorsed. Measures like tripling the top marginal rate on income tax, and the Smoot Hawley tariff. Everything FDR did extended a sharp recession into a long depression.

You can read all about FDR's disastrous policies here:

The Free Market: How FDR Made the Depression Worse

Yes, it does, I posted real GDP and real GDP per capital numbers. LOL @ von Mises Institute and these quackademics.

You posted REVISED data and 8 years later FDR STILL has 10% unemployment.

His economic record remains worse than the 7 Biblical Lean Years

 

[CrusaderFrank]

LOL

We've all seen the graphs demonstrating the joblessness in the 1930s under FDR. Most of the data clearly shows that it went from 25% in 1933 to roughly 15% in 1937. However, this data doesn't include statistics about employment through emergency relief work provided by the federal government. This was due to ideological bias by Stanley Lebergott who assembled all the data.

If we included employment from relief work in the data, unemployment under FDR went from 25% to under 10% by 1937. This a far better track record than official statistics will reveal.

Under FDR, real GDP and real per capita GDP increase to historically high rates.

You can find more HERE

Year | GDP* | Growth Rate

1929 | $977,000
1930 | $892,800 | -8.61%
1931 | $834,900 | -6.48%
1932 | $725,800 | -13.06%
1933 | $716,400 | -1.29%
1934 | $794,400 | 10.88%
1935 | $865,000 | 8.88%
1936 | $977,900 | 13.05%
1937 | $1,028,000 | 5.12%
1938 | $992,600 | -3.44%
1939 | $1,072,800 | 8.07%
1940 | $1,166,900 | 8.77%

Real Per Capita GDP:

Year | GDP | Growth rate

1929 | 6899 | 5.02%
1930 | 6213 | -9.94%
1931 | 5691 | -8.40%
1932 | 4908 | -13.75%
1933 | 4777 | -2.66%
1934 | 5114 | 7.05%
1935 | 5467 | 6.90%
1936 | 6204 | 13.48%
1937 | 6430 | 3.64%
1938 | 6126 | -4.72%
1939 | 6561 | 7.10%
1940 | 7010 | 6.84%

[url=http://www.measuringworth.com/datasets/usgdp/result.php]Measuring Worth - GDP result.[/URL]

Isn't that a little like counting people collecting unemployment as employed?

FDR had the worst economic track record in human history, worse than the 7 Biblical Lean Years.

Please feel free to defend it

Please feel free to look at the real GDP and real GDP per capita numbers I posted. Unfortunately, he made the mistake of cutting spending and listening to his advisors, which we can see reflected in some of these numbers.

The US Economy was nearly strangled to death by the FED who sucked out 1/3 of the money supply. That was nothing to do with either Hoover or FDR, well except Hoover should have had the Fed rounded up and shot for treason.

The Fed put back some of the money they sucked out and thats what cause the economic growth. FDR's insane Central Planning is what kept unemployment tragically high for his entire first 2 terms, worse than the 7 Biblical Lean Years. If Pharaoh had the LMSM he would have been remember as the Greatest Pharaoh Ever who saved Egypt from itself!

 

[Moonglow]

The people in the Bible never existed in a capitalist industrial nation, so fuck the Bible, it's not relevant, but I know, you bumper sticker intellectuals like to sound smert...

The bigger the economy shift the larger the depression....

 

[Kimura]

Isn't that a little like counting people collecting unemployment as employed?

FDR had the worst economic track record in human history, worse than the 7 Biblical Lean Years.

Please feel free to defend it

Please feel free to look at the real GDP and real GDP per capita numbers I posted. Unfortunately, he made the mistake of cutting spending and listening to his advisors, which we can see reflected in some of these numbers.

The US Economy was nearly strangled to death by the FED who sucked out 1/3 of the money supply. That was nothing to do with either Hoover or FDR, well except Hoover should have had the Fed rounded up and shot for treason.

The Fed put back some of the money they sucked out and thats what cause the economic growth. FDR's insane Central Planning is what kept unemployment tragically high for his entire first 2 terms, worse than the 7 Biblical Lean Years. If Pharaoh had the LMSM he would have been remember as the Greatest Pharaoh Ever who saved Egypt from itself!

The Great Depression was a direct result of fixed f/x (gold standard), since the banks couldn't guarantee funding . Fixed f/x operates with the constraint being on the supply side. The banks had to hold reserves of the convertible currency to meet the withdrawal needs of the their depositors. These banks couldn't operate with 100% reserves.

The FED was supposed to be the lender of last resort, but they failed due the problems inherent with a gold standard. It prevented the FED from landing to banks in the convertible currency required too meet the withdrawal demands. After thousands of banks collapsed, FDR implemented a bank holiday, and there was a reorganization of the banking system. In the end, the FED couldn't prevent this nightmare from playing out, but suspending the convertibility to gold, which was a very prudent decision, gave us the tool box to dig ourselves of that particular economic hellhole.

Since there was a deflationary spiral, and labor and capital had atrophied to absurd levels, the federal government simply started to spend in a counter-cyclical fashion. It worked, not as good as it could have had we spent more, but the data speaks for itself.