Why Conservative Is Simply Better....

[PoliticalChic]

And so we travel on down the road of "Great Lies That Liberal Dunces Continue to Believe."

In case you didn't notice, after GOP presidencies of the 1920's, they never were able to gain the White House for a generation...Because of how they handled the economy...

The way "they handled the economy..." was known as the 'Roaring Twenties."

1. 
   
   
   • 
     The Roaring Twenties were the period of sustained economic prosperity with a distinctive cultural edge in New York, Montreal, Chicago, Detroit, Paris, Berlin, London, Los Angeles, and many other major cities during the 1920s in the United States, Canada and Europe.
     Roaring Twenties - Wikipedia, the free encyclopedia
     Wikipedia, the free encyclopediaRoaring_Twenties

And, of course, Republican President Harding was far superior to Democrat Roosevelt in fighting recessions.


Must I teach you obvious things like this each and every day???????

It roared alright, until the house of cards that created it came to a crashing halt, literally: Causes of the Great Depression

The causes that catapulted the recession into the 'Great Depression' were

1. The actions of the federal reserve
2. The sky-high Smoot-Hawley Tariff
3. The actions of Hoover that were continued by
Roosevelt
4. And, mainly, the abject ineptitude of Roosevelt.
a. In 1935, the Brookings Institution (left-leaning) delivered a 900-page report on the New Deal and the National Recovery Administration, concluding that “ on the whole it retarded recovery.”
article - AEI


I'd be happy to provide a list of the lies of Roosevelt that magnified and advanced the problems....

...say the word.

I'm SHOCKED, AEI who has tried for decades to rewrite the GOP great depression, misstates the Brooking report?

Hint they said THE National Recovery Admin, NOT the NEW DEAL, "on the whole it retarded recovery."


WHY HOWEVER?


The National Recovery Administration was a prime New Deal agency established by U.S. president Franklin Roosevelt (FDR) in 1933. The goal was to eliminate "cut-throat competition" by bringing industry, labor and government together to create codes of "fair practices" and set prices. The NRA was created by the National Industrial Recovery Act (NIRA) and allowed industries to get together and write "codes of fair competition." The codes were intended to reduce "destructive competition" and to help workers by setting minimum wages and maximum weekly hours, as well as minimum prices at which products could be sold. The NRA also had a two-year renewal charter and was set to expire in June 1935 if not renewed


In 1935, the U.S. Supreme Court unanimously declared that the NRA law was unconstitutional, ruling that it infringed the separation of powers under the United States Constitution.

SHOCKING YOU/THEY WOULD LIE BUBBETTE?


National Recovery Administration - Wikipedia, the free encyclopedia

I never lie...but I do love making you try to tap-dance the facts away.

Now....sit! Roll over!

Good boy!


Doggie treat?

 

[PaintMyHouse]

This meant that the New Deal was a wretched, ill-conceived failure.

The ND was no failure, it got men working and therefore women and children eating again. It should have been even more aggressive, for longer. We wouldn't have needed WWII to finally get us clear, and that involved massive job creation and government spending.

A response directly from the Magic 8-Ball.

I never expect more from a Liberal.


Take notes:
In 1931, the middle of the Hoover administration, unemployment rate stood at 17.4 %. Seven years later, after five years of FDR, and literally hundreds of wildly ambitious new government programs, more than doubling of federal spending, the national unemployment rate stood at – 17.4 %. At no point during the 1930’s did unemployment go below 14 %. Even in 1941, in the midst of the military buildup, 9.9 % of American workers were unemployed.

Clearly, your Progressive god had feet of clay.

And you can take yours out of your mouth.

I know the history, you do not...

 

[Dad2three]

This meant that the New Deal was a wretched, ill-conceived failure.

The ND was no failure, it got men working and therefore women and children eating again. It should have been even more aggressive, for longer. We wouldn't have needed WWII to finally get us clear, and that involved massive job creation and government spending.

A response directly from the Magic 8-Ball.

I never expect more from a Liberal.


Take notes:
In 1931, the middle of the Hoover administration, unemployment rate stood at 17.4 %. Seven years later, after five years of FDR, and literally hundreds of wildly ambitious new government programs, more than doubling of federal spending, the national unemployment rate stood at – 17.4 %. At no point during the 1930’s did unemployment go below 14 %. Even in 1941, in the midst of the military buildup, 9.9 % of American workers were unemployed.

Clearly, your Progressive god had feet of clay.

And you can take yours out of your mouth.

1931??? lol

FDR TOOK OFFICE March 1933

Note 1937 after FDR listened to you deficit scolds, and cut he budget by 10%??? lol

 

[PoliticalChic]

This meant that the New Deal was a wretched, ill-conceived failure.

The ND was no failure, it got men working and therefore women and children eating again. It should have been even more aggressive, for longer. We wouldn't have needed WWII to finally get us clear, and that involved massive job creation and government spending.

A response directly from the Magic 8-Ball.

I never expect more from a Liberal.


Take notes:
In 1931, the middle of the Hoover administration, unemployment rate stood at 17.4 %. Seven years later, after five years of FDR, and literally hundreds of wildly ambitious new government programs, more than doubling of federal spending, the national unemployment rate stood at – 17.4 %. At no point during the 1930’s did unemployment go below 14 %. Even in 1941, in the midst of the military buildup, 9.9 % of American workers were unemployed.

Clearly, your Progressive god had feet of clay.

And you can take yours out of your mouth.

I know the history, you do not...

What???

You demand further education??

Well...OK:

"It was not until 1937 that production reached the 1929 figure. There was still 14.3 percent unemployment—and this “miniboom” soon gave way to “the steepest economic decline in the history of the US”, which “lost half the ground gained…since 1932”.15

Unemployment rose again to 19 percent and was still at 14 percent on the eve of US entry into the war in 1940. The greatest slump capitalism had known was not ended by government action. The most this may have achieved was to replace continual decline by long stagnation, leaving a very high level of unemployment and output below that of the previous decade.16

JK Galbraith summed the situation up when he wrote, “The Great Depression of the thirties never came to an end. It merely disappeared in the great mobilisation of the forties”.17
The slump of the 1930s and the crisis today – International Socialism


QED....the Roosevelt regime= abject failure.

Bet you tire of hearing that phrase applied to you, huh?

 

[Dad2three]

When the Great Depression hit,

the top tax rate was 25%.

So much for lower taxes as the magic bullet for economic prosperity.

1. Here is an interesting visual:
imagine a triple line of the unemployed, three across, consisting of those unemployed under Hoover, in 1931. The line would have gonefrom Los Angeles, across the country, to the border of Maine.

What effect did Roosevelt have on the line?

Well, eight years later, in 1939, the length of the line would have gone further, from the Maine border, south to Boston, then on to New York City, then to Philadelphia, on to Washington, D.C.- and finally, into Virginia.
Folsom, "New Deal or Raw Deal"


Think Folsom was wrong?

Check it out at the US Bureau of the Census, 'Historical Statistics of the United States: Colonial Times to 1970, I-126 andUnemployment Statistics during the Great Depression

Yep, when the GOP create bubbles that pop, they leave the consequences to the Dems to clean up, ask FDR AND Obama!


FOLSOM IS A LIAR/DISTORTER Randian fetishists is all Bubette!

 

[PoliticalChic]

This meant that the New Deal was a wretched, ill-conceived failure.

The ND was no failure, it got men working and therefore women and children eating again. It should have been even more aggressive, for longer. We wouldn't have needed WWII to finally get us clear, and that involved massive job creation and government spending.

A response directly from the Magic 8-Ball.

I never expect more from a Liberal.


Take notes:
In 1931, the middle of the Hoover administration, unemployment rate stood at 17.4 %. Seven years later, after five years of FDR, and literally hundreds of wildly ambitious new government programs, more than doubling of federal spending, the national unemployment rate stood at – 17.4 %. At no point during the 1930’s did unemployment go below 14 %. Even in 1941, in the midst of the military buildup, 9.9 % of American workers were unemployed.

Clearly, your Progressive god had feet of clay.

And you can take yours out of your mouth.

1931??? lol

FDR TOOK OFFICE March 1933

Note 1937 after FDR listened to you deficit scolds, and cut he budget by 10%??? lol

Another dolt in need of an education!

OK...

In The High Tide of American Conservatism: Davis, Coolidge, and the 1924 Election, Garland Tucker casts new light on the election and the two candidates, Democrat John W. Davis and Republican Calvin Coolidge. He quotes Paul Rubin: "We now know that FDR's policies likely prolonged the Great Depression because the economy never fully recovered in the 1930s, and actually got worse in the latter half of the decade."

And then, quotes Paul Johnson: "Coolidge Prosperity was huge, real, widespread and it showed that the concept of a property-owning democracy could be realized."

 

[Dad2three]

In case you didn't notice, after GOP presidencies of the 1920's, they never were able to gain the White House for a generation...Because of how they handled the economy...

The way "they handled the economy..." was known as the 'Roaring Twenties."

1. 
   
   
   • 
     The Roaring Twenties were the period of sustained economic prosperity with a distinctive cultural edge in New York, Montreal, Chicago, Detroit, Paris, Berlin, London, Los Angeles, and many other major cities during the 1920s in the United States, Canada and Europe.
     Roaring Twenties - Wikipedia, the free encyclopedia
     Wikipedia, the free encyclopediaRoaring_Twenties

And, of course, Republican President Harding was far superior to Democrat Roosevelt in fighting recessions.


Must I teach you obvious things like this each and every day???????

It roared alright, until the house of cards that created it came to a crashing halt, literally: Causes of the Great Depression

The causes that catapulted the recession into the 'Great Depression' were

1. The actions of the federal reserve
2. The sky-high Smoot-Hawley Tariff
3. The actions of Hoover that were continued by
Roosevelt
4. And, mainly, the abject ineptitude of Roosevelt.
a. In 1935, the Brookings Institution (left-leaning) delivered a 900-page report on the New Deal and the National Recovery Administration, concluding that “ on the whole it retarded recovery.”
article - AEI


I'd be happy to provide a list of the lies of Roosevelt that magnified and advanced the problems....

...say the word.

I'm SHOCKED, AEI who has tried for decades to rewrite the GOP great depression, misstates the Brooking report?

Hint they said THE National Recovery Admin, NOT the NEW DEAL, "on the whole it retarded recovery."


WHY HOWEVER?


The National Recovery Administration was a prime New Deal agency established by U.S. president Franklin Roosevelt (FDR) in 1933. The goal was to eliminate "cut-throat competition" by bringing industry, labor and government together to create codes of "fair practices" and set prices. The NRA was created by the National Industrial Recovery Act (NIRA) and allowed industries to get together and write "codes of fair competition." The codes were intended to reduce "destructive competition" and to help workers by setting minimum wages and maximum weekly hours, as well as minimum prices at which products could be sold. The NRA also had a two-year renewal charter and was set to expire in June 1935 if not renewed


In 1935, the U.S. Supreme Court unanimously declared that the NRA law was unconstitutional, ruling that it infringed the separation of powers under the United States Constitution.

SHOCKING YOU/THEY WOULD LIE BUBBETTE?


National Recovery Administration - Wikipedia, the free encyclopedia

I never lie...but I do love making you try to tap-dance the facts away.

Now....sit! Roll over!

Good boy!


Doggie treat?

Well if it wasn't for lies and distortions, you'd be watching Oprah all day Bubbette because it's ALL you have

 

[Dad2three]

This meant that the New Deal was a wretched, ill-conceived failure.

The ND was no failure, it got men working and therefore women and children eating again. It should have been even more aggressive, for longer. We wouldn't have needed WWII to finally get us clear, and that involved massive job creation and government spending.

A response directly from the Magic 8-Ball.

I never expect more from a Liberal.


Take notes:
In 1931, the middle of the Hoover administration, unemployment rate stood at 17.4 %. Seven years later, after five years of FDR, and literally hundreds of wildly ambitious new government programs, more than doubling of federal spending, the national unemployment rate stood at – 17.4 %. At no point during the 1930’s did unemployment go below 14 %. Even in 1941, in the midst of the military buildup, 9.9 % of American workers were unemployed.

Clearly, your Progressive god had feet of clay.

And you can take yours out of your mouth.

I know the history, you do not...

What???

You demand further education??

Well...OK:

"It was not until 1937 that production reached the 1929 figure. There was still 14.3 percent unemployment—and this “miniboom” soon gave way to “the steepest economic decline in the history of the US”, which “lost half the ground gained…since 1932”.15

Unemployment rose again to 19 percent and was still at 14 percent on the eve of US entry into the war in 1940. The greatest slump capitalism had known was not ended by government action. The most this may have achieved was to replace continual decline by long stagnation, leaving a very high level of unemployment and output below that of the previous decade.16

JK Galbraith summed the situation up when he wrote, “The Great Depression of the thirties never came to an end. It merely disappeared in the great mobilisation of the forties”.17
The slump of the 1930s and the crisis today – International Socialism


QED....the Roosevelt regime= abject failure.

Bet you tire of hearing that phrase applied to you, huh?

Danger of Austerity



In 1937, after five years of sustained economic growth and a steadily declining unemployment rate, the Roosevelt Administration began to worry more about possible inflation and the size of the federal deficit than the ability of the economy to sustain the recovery. As a consequence, in the fall of 1937, FDR supported those in his administration who advocated a reduction in federal expenditures (i.e. stimulus spending) and a balanced budget. The results — which included a massive reduction in the number of people employed by such programs as the WPA — were catastrophic. From the fall of 1937 to the summer of 1938, industrial production declined by 33 percent; wages by 35 percent; national income by 13 percent; and not surprisingly, the unemployment rate rose by roughly 5 percentage points, with an estimated 4 million workers losing their jobs.

The economic downturn caused by the decline in federal spending was commonly referred to as the “Roosevelt recession,” and to counter it, FDR asked Congress in April of 1938 to support a substantial increase in federal spending and lending. Unlike the current situation, Congress backed FDR’s request, and as a result, the recovery was soon underway again.

Equally important, the lessons drawn from the 1937-38 recession convinced FDR that deficit spending and monetary expansion were critical to economic recovery.

In essence, the Roosevelt Administration, through hard experience, finally endorsed Keynesian economics, and over the course of the next seven years, government spending on the economy — increasingly fueled by the demands of World War II — would grow to unprecedented levels, all but wiping out unemployment (which fell to below 2 percent by 1943) and turning the United States into a global super-power in the process.


Repeating Our Mistakes: The “Roosevelt Recession” and the Danger of Austerity | Roosevelt Institute

 

[PoliticalChic]

The way "they handled the economy..." was known as the 'Roaring Twenties."

1. 
   
   
   • 
     The Roaring Twenties were the period of sustained economic prosperity with a distinctive cultural edge in New York, Montreal, Chicago, Detroit, Paris, Berlin, London, Los Angeles, and many other major cities during the 1920s in the United States, Canada and Europe.
     Roaring Twenties - Wikipedia, the free encyclopedia
     Wikipedia, the free encyclopediaRoaring_Twenties

And, of course, Republican President Harding was far superior to Democrat Roosevelt in fighting recessions.


Must I teach you obvious things like this each and every day???????

It roared alright, until the house of cards that created it came to a crashing halt, literally: Causes of the Great Depression

The causes that catapulted the recession into the 'Great Depression' were

1. The actions of the federal reserve
2. The sky-high Smoot-Hawley Tariff
3. The actions of Hoover that were continued by
Roosevelt
4. And, mainly, the abject ineptitude of Roosevelt.
a. In 1935, the Brookings Institution (left-leaning) delivered a 900-page report on the New Deal and the National Recovery Administration, concluding that “ on the whole it retarded recovery.”
article - AEI


I'd be happy to provide a list of the lies of Roosevelt that magnified and advanced the problems....

...say the word.

I'm SHOCKED, AEI who has tried for decades to rewrite the GOP great depression, misstates the Brooking report?

Hint they said THE National Recovery Admin, NOT the NEW DEAL, "on the whole it retarded recovery."


WHY HOWEVER?


The National Recovery Administration was a prime New Deal agency established by U.S. president Franklin Roosevelt (FDR) in 1933. The goal was to eliminate "cut-throat competition" by bringing industry, labor and government together to create codes of "fair practices" and set prices. The NRA was created by the National Industrial Recovery Act (NIRA) and allowed industries to get together and write "codes of fair competition." The codes were intended to reduce "destructive competition" and to help workers by setting minimum wages and maximum weekly hours, as well as minimum prices at which products could be sold. The NRA also had a two-year renewal charter and was set to expire in June 1935 if not renewed


In 1935, the U.S. Supreme Court unanimously declared that the NRA law was unconstitutional, ruling that it infringed the separation of powers under the United States Constitution.

SHOCKING YOU/THEY WOULD LIE BUBBETTE?


National Recovery Administration - Wikipedia, the free encyclopedia

I never lie...but I do love making you try to tap-dance the facts away.

Now....sit! Roll over!

Good boy!


Doggie treat?

Well if it wasn't for lies and distortions, you'd be watching Oprah all day Bubbette because it's ALL you have

Every one of my posts is linked, documented and sourced.

That's why I effortlessly skewer you, you dope.

 

[PoliticalChic]

This meant that the New Deal was a wretched, ill-conceived failure.

The ND was no failure, it got men working and therefore women and children eating again. It should have been even more aggressive, for longer. We wouldn't have needed WWII to finally get us clear, and that involved massive job creation and government spending.

A response directly from the Magic 8-Ball.

I never expect more from a Liberal.


Take notes:
In 1931, the middle of the Hoover administration, unemployment rate stood at 17.4 %. Seven years later, after five years of FDR, and literally hundreds of wildly ambitious new government programs, more than doubling of federal spending, the national unemployment rate stood at – 17.4 %. At no point during the 1930’s did unemployment go below 14 %. Even in 1941, in the midst of the military buildup, 9.9 % of American workers were unemployed.

Clearly, your Progressive god had feet of clay.

And you can take yours out of your mouth.

I know the history, you do not...

What???

You demand further education??

Well...OK:

"It was not until 1937 that production reached the 1929 figure. There was still 14.3 percent unemployment—and this “miniboom” soon gave way to “the steepest economic decline in the history of the US”, which “lost half the ground gained…since 1932”.15

Unemployment rose again to 19 percent and was still at 14 percent on the eve of US entry into the war in 1940. The greatest slump capitalism had known was not ended by government action. The most this may have achieved was to replace continual decline by long stagnation, leaving a very high level of unemployment and output below that of the previous decade.16

JK Galbraith summed the situation up when he wrote, “The Great Depression of the thirties never came to an end. It merely disappeared in the great mobilisation of the forties”.17
The slump of the 1930s and the crisis today – International Socialism


QED....the Roosevelt regime= abject failure.

Bet you tire of hearing that phrase applied to you, huh?

Danger of Austerity



In 1937, after five years of sustained economic growth and a steadily declining unemployment rate, the Roosevelt Administration began to worry more about possible inflation and the size of the federal deficit than the ability of the economy to sustain the recovery. As a consequence, in the fall of 1937, FDR supported those in his administration who advocated a reduction in federal expenditures (i.e. stimulus spending) and a balanced budget. The results — which included a massive reduction in the number of people employed by such programs as the WPA — were catastrophic. From the fall of 1937 to the summer of 1938, industrial production declined by 33 percent; wages by 35 percent; national income by 13 percent; and not surprisingly, the unemployment rate rose by roughly 5 percentage points, with an estimated 4 million workers losing their jobs.

The economic downturn caused by the decline in federal spending was commonly referred to as the “Roosevelt recession,” and to counter it, FDR asked Congress in April of 1938 to support a substantial increase in federal spending and lending. Unlike the current situation, Congress backed FDR’s request, and as a result, the recovery was soon underway again.

Equally important, the lessons drawn from the 1937-38 recession convinced FDR that deficit spending and monetary expansion were critical to economic recovery.

In essence, the Roosevelt Administration, through hard experience, finally endorsed Keynesian economics, and over the course of the next seven years, government spending on the economy — increasingly fueled by the demands of World War II — would grow to unprecedented levels, all but wiping out unemployment (which fell to below 2 percent by 1943) and turning the United States into a global super-power in the process.


Repeating Our Mistakes: The “Roosevelt Recession” and the Danger of Austerity | Roosevelt Institute

Franklin Roosevelt's Treasury Secretary Henry Morgenthau confessed that the "New Deal" was a failure in sworn testimony before Congress on May 9, 1939.

"We have tried spending money. We are spending more than we have ever spent before and it does not work."

And FDR's Treasury Secretary also told Congress:

"I say after eight years of this Administration we have just as much unemployment as when we started. ... And an enormous debt to boot!" (See: Human EventsGet Over It: New Deal Didn't Do the Job | Human EventsandThe Heritage Foundation 'We're Spending More Than Ever and It Doesn't Work'

 

[Dad2three]

This meant that the New Deal was a wretched, ill-conceived failure.

The ND was no failure, it got men working and therefore women and children eating again. It should have been even more aggressive, for longer. We wouldn't have needed WWII to finally get us clear, and that involved massive job creation and government spending.

A response directly from the Magic 8-Ball.

I never expect more from a Liberal.


Take notes:
In 1931, the middle of the Hoover administration, unemployment rate stood at 17.4 %. Seven years later, after five years of FDR, and literally hundreds of wildly ambitious new government programs, more than doubling of federal spending, the national unemployment rate stood at – 17.4 %. At no point during the 1930’s did unemployment go below 14 %. Even in 1941, in the midst of the military buildup, 9.9 % of American workers were unemployed.

Clearly, your Progressive god had feet of clay.

And you can take yours out of your mouth.

1931??? lol

FDR TOOK OFFICE March 1933

Note 1937 after FDR listened to you deficit scolds, and cut he budget by 10%??? lol

Another dolt in need of an education!

OK...

In The High Tide of American Conservatism: Davis, Coolidge, and the 1924 Election, Garland Tucker casts new light on the election and the two candidates, Democrat John W. Davis and Republican Calvin Coolidge. He quotes Paul Rubin: "We now know that FDR's policies likely prolonged the Great Depression because the economy never fully recovered in the 1930s, and actually got worse in the latter half of the decade."

And then, quotes Paul Johnson: "Coolidge Prosperity was huge, real, widespread and it showed that the concept of a property-owning democracy could be realized."

I get it Bubbette, the rights attempt to rewrite history with their hundreds of millions spent on "think tanks" and revisionists history!



Did you hear FDR prolonged the Great Depression?

During a Christmas Eve appearance on Fox News, I pointed out that most mainstream economists believe the government must boost the economy with deficit spending. That’s when conservative pundit Monica Crowley said we should instead limit such spending because President Franklin Roosevelt’s “massive government intervention actually prolonged the Great Depression.” Fox News anchor Gregg Jarrett eagerly concurred, saying “historians pretty much agree on that.”

Of course, I had recently heard snippets of this silly argument; right-wing pundits are repeating it everywhere these days. But I had never heard it articulated in such preposterous terms, so my initial reaction was paralysis, the mouth-agape, deer-in-the-headlights kind. Only after collecting myself did I say that such assertions about the New Deal were absurd. But then I was laughed at, as if it was hilarious to say that the New Deal did anything but exacerbate the Depression.

Afterward, suffering pangs of self-doubt, I wondered whether I and most of the country were the crazy ones. Sure, the vast majority of Americans think the New Deal worked well. But are conservatives right? Did the New Deal’s “massive government intervention prolong the Great Depression?”

Ummm … no.

On deeper examination, I discovered that the right bases its New Deal revisionism on the short-lived recession in a year straddling 1937 and 1938. But that was four years into Roosevelt’s term — four years marked by spectacular economic growth. Additionally, the fleeting decline happened not because of the New Deal’s spending programs, but because Roosevelt momentarily listened to conservatives and backed off them. As Nobel-winning economist Paul Krugman notes, in 1937-38, FDR “was persuaded to balance the budget” and “cut spending and the economy went back down again.”



To be sure, you can credibly argue that the New Deal had its share of problems. But overall, the numbers prove it helped — rather than hurt — the macroeconomy. “Excepting 1937-1938, unemployment fell each year of Roosevelt’s first two terms [while] the U.S. economy grew at average annual growth rates of 9 percent to 10 percent,” writes University of California historian Eric Rauchway.

What about the New Deal’s most “massive government intervention” — its financial regulations? Did they prolong the Great Depression in ways the official data didn’t detect?

Nope.


Did you hear FDR prolonged the Great Depression?

 

[Dad2three]

The ND was no failure, it got men working and therefore women and children eating again. It should have been even more aggressive, for longer. We wouldn't have needed WWII to finally get us clear, and that involved massive job creation and government spending.

A response directly from the Magic 8-Ball.

I never expect more from a Liberal.


Take notes:
In 1931, the middle of the Hoover administration, unemployment rate stood at 17.4 %. Seven years later, after five years of FDR, and literally hundreds of wildly ambitious new government programs, more than doubling of federal spending, the national unemployment rate stood at – 17.4 %. At no point during the 1930’s did unemployment go below 14 %. Even in 1941, in the midst of the military buildup, 9.9 % of American workers were unemployed.

Clearly, your Progressive god had feet of clay.

And you can take yours out of your mouth.

I know the history, you do not...

What???

You demand further education??

Well...OK:

"It was not until 1937 that production reached the 1929 figure. There was still 14.3 percent unemployment—and this “miniboom” soon gave way to “the steepest economic decline in the history of the US”, which “lost half the ground gained…since 1932”.15

Unemployment rose again to 19 percent and was still at 14 percent on the eve of US entry into the war in 1940. The greatest slump capitalism had known was not ended by government action. The most this may have achieved was to replace continual decline by long stagnation, leaving a very high level of unemployment and output below that of the previous decade.16

JK Galbraith summed the situation up when he wrote, “The Great Depression of the thirties never came to an end. It merely disappeared in the great mobilisation of the forties”.17
The slump of the 1930s and the crisis today – International Socialism


QED....the Roosevelt regime= abject failure.

Bet you tire of hearing that phrase applied to you, huh?

Danger of Austerity



In 1937, after five years of sustained economic growth and a steadily declining unemployment rate, the Roosevelt Administration began to worry more about possible inflation and the size of the federal deficit than the ability of the economy to sustain the recovery. As a consequence, in the fall of 1937, FDR supported those in his administration who advocated a reduction in federal expenditures (i.e. stimulus spending) and a balanced budget. The results — which included a massive reduction in the number of people employed by such programs as the WPA — were catastrophic. From the fall of 1937 to the summer of 1938, industrial production declined by 33 percent; wages by 35 percent; national income by 13 percent; and not surprisingly, the unemployment rate rose by roughly 5 percentage points, with an estimated 4 million workers losing their jobs.

The economic downturn caused by the decline in federal spending was commonly referred to as the “Roosevelt recession,” and to counter it, FDR asked Congress in April of 1938 to support a substantial increase in federal spending and lending. Unlike the current situation, Congress backed FDR’s request, and as a result, the recovery was soon underway again.

Equally important, the lessons drawn from the 1937-38 recession convinced FDR that deficit spending and monetary expansion were critical to economic recovery.

In essence, the Roosevelt Administration, through hard experience, finally endorsed Keynesian economics, and over the course of the next seven years, government spending on the economy — increasingly fueled by the demands of World War II — would grow to unprecedented levels, all but wiping out unemployment (which fell to below 2 percent by 1943) and turning the United States into a global super-power in the process.


Repeating Our Mistakes: The “Roosevelt Recession” and the Danger of Austerity | Roosevelt Institute

Franklin Roosevelt's Treasury Secretary Henry Morgenthau confessed that the "New Deal" was a failure in sworn testimony before Congress on May 9, 1939.

"We have tried spending money. We are spending more than we have ever spent before and it does not work."

And FDR's Treasury Secretary also told Congress:

"I say after eight years of this Administration we have just as much unemployment as when we started. ... And an enormous debt to boot!" (See: Human EventsGet Over It: New Deal Didn't Do the Job | Human EventsandThe Heritage Foundation 'We're Spending More Than Ever and It Doesn't Work'

Weird, 8 years yet FDR was in office barely 6? HMM


LMAOROG

 

[Dad2three]

It roared alright, until the house of cards that created it came to a crashing halt, literally: Causes of the Great Depression

The causes that catapulted the recession into the 'Great Depression' were

1. The actions of the federal reserve
2. The sky-high Smoot-Hawley Tariff
3. The actions of Hoover that were continued by
Roosevelt
4. And, mainly, the abject ineptitude of Roosevelt.
a. In 1935, the Brookings Institution (left-leaning) delivered a 900-page report on the New Deal and the National Recovery Administration, concluding that “ on the whole it retarded recovery.”
article - AEI


I'd be happy to provide a list of the lies of Roosevelt that magnified and advanced the problems....

...say the word.

I'm SHOCKED, AEI who has tried for decades to rewrite the GOP great depression, misstates the Brooking report?

Hint they said THE National Recovery Admin, NOT the NEW DEAL, "on the whole it retarded recovery."


WHY HOWEVER?


The National Recovery Administration was a prime New Deal agency established by U.S. president Franklin Roosevelt (FDR) in 1933. The goal was to eliminate "cut-throat competition" by bringing industry, labor and government together to create codes of "fair practices" and set prices. The NRA was created by the National Industrial Recovery Act (NIRA) and allowed industries to get together and write "codes of fair competition." The codes were intended to reduce "destructive competition" and to help workers by setting minimum wages and maximum weekly hours, as well as minimum prices at which products could be sold. The NRA also had a two-year renewal charter and was set to expire in June 1935 if not renewed


In 1935, the U.S. Supreme Court unanimously declared that the NRA law was unconstitutional, ruling that it infringed the separation of powers under the United States Constitution.

SHOCKING YOU/THEY WOULD LIE BUBBETTE?


National Recovery Administration - Wikipedia, the free encyclopedia

I never lie...but I do love making you try to tap-dance the facts away.

Now....sit! Roll over!

Good boy!


Doggie treat?

Well if it wasn't for lies and distortions, you'd be watching Oprah all day Bubbette because it's ALL you have

Every one of my posts is linked, documented and sourced.

That's why I effortlessly skewer you, you dope.

YET EITHER YOU OR AEI LIED ABOUT SAYING IT WAS THE NEW DEAL, RATHER THAN THE NRA THAT WAS SAID ABOUT? Which is the liar Bubbette?

 

[Dad2three]

The ND was no failure, it got men working and therefore women and children eating again. It should have been even more aggressive, for longer. We wouldn't have needed WWII to finally get us clear, and that involved massive job creation and government spending.

A response directly from the Magic 8-Ball.

I never expect more from a Liberal.


Take notes:
In 1931, the middle of the Hoover administration, unemployment rate stood at 17.4 %. Seven years later, after five years of FDR, and literally hundreds of wildly ambitious new government programs, more than doubling of federal spending, the national unemployment rate stood at – 17.4 %. At no point during the 1930’s did unemployment go below 14 %. Even in 1941, in the midst of the military buildup, 9.9 % of American workers were unemployed.

Clearly, your Progressive god had feet of clay.

And you can take yours out of your mouth.

I know the history, you do not...

What???

You demand further education??

Well...OK:

"It was not until 1937 that production reached the 1929 figure. There was still 14.3 percent unemployment—and this “miniboom” soon gave way to “the steepest economic decline in the history of the US”, which “lost half the ground gained…since 1932”.15

Unemployment rose again to 19 percent and was still at 14 percent on the eve of US entry into the war in 1940. The greatest slump capitalism had known was not ended by government action. The most this may have achieved was to replace continual decline by long stagnation, leaving a very high level of unemployment and output below that of the previous decade.16

JK Galbraith summed the situation up when he wrote, “The Great Depression of the thirties never came to an end. It merely disappeared in the great mobilisation of the forties”.17
The slump of the 1930s and the crisis today – International Socialism


QED....the Roosevelt regime= abject failure.

Bet you tire of hearing that phrase applied to you, huh?

Danger of Austerity



In 1937, after five years of sustained economic growth and a steadily declining unemployment rate, the Roosevelt Administration began to worry more about possible inflation and the size of the federal deficit than the ability of the economy to sustain the recovery. As a consequence, in the fall of 1937, FDR supported those in his administration who advocated a reduction in federal expenditures (i.e. stimulus spending) and a balanced budget. The results — which included a massive reduction in the number of people employed by such programs as the WPA — were catastrophic. From the fall of 1937 to the summer of 1938, industrial production declined by 33 percent; wages by 35 percent; national income by 13 percent; and not surprisingly, the unemployment rate rose by roughly 5 percentage points, with an estimated 4 million workers losing their jobs.

The economic downturn caused by the decline in federal spending was commonly referred to as the “Roosevelt recession,” and to counter it, FDR asked Congress in April of 1938 to support a substantial increase in federal spending and lending. Unlike the current situation, Congress backed FDR’s request, and as a result, the recovery was soon underway again.

Equally important, the lessons drawn from the 1937-38 recession convinced FDR that deficit spending and monetary expansion were critical to economic recovery.

In essence, the Roosevelt Administration, through hard experience, finally endorsed Keynesian economics, and over the course of the next seven years, government spending on the economy — increasingly fueled by the demands of World War II — would grow to unprecedented levels, all but wiping out unemployment (which fell to below 2 percent by 1943) and turning the United States into a global super-power in the process.


Repeating Our Mistakes: The “Roosevelt Recession” and the Danger of Austerity | Roosevelt Institute

Franklin Roosevelt's Treasury Secretary Henry Morgenthau confessed that the "New Deal" was a failure in sworn testimony before Congress on May 9, 1939.

"We have tried spending money. We are spending more than we have ever spent before and it does not work."

And FDR's Treasury Secretary also told Congress:

"I say after eight years of this Administration we have just as much unemployment as when we started. ... And an enormous debt to boot!" (See: Human EventsGet Over It: New Deal Didn't Do the Job | Human EventsandThe Heritage Foundation 'We're Spending More Than Ever and It Doesn't Work'

Franklin Roosevelt's Treasury Secretary Henry Morgenthau confessed that the "New Deal" was a failure in sworn testimony before Congress on May 9, 1939.

GOT A LINK TO THAT, YOU KNOW LIBRARY OF CONGRESS????


FUKKNG LYING POS'S RIGHT WINGERS!

 

[NYcarbineer]

In case you didn't notice, after GOP presidencies of the 1920's, they never were able to gain the White House for a generation...Because of how they handled the economy...

The way "they handled the economy..." was known as the 'Roaring Twenties."

1. 
   
   
   • 
     The Roaring Twenties were the period of sustained economic prosperity with a distinctive cultural edge in New York, Montreal, Chicago, Detroit, Paris, Berlin, London, Los Angeles, and many other major cities during the 1920s in the United States, Canada and Europe.
     Roaring Twenties - Wikipedia, the free encyclopedia
     Wikipedia, the free encyclopediaRoaring_Twenties

And, of course, Republican President Harding was far superior to Democrat Roosevelt in fighting recessions.


Must I teach you obvious things like this each and every day???????

It roared alright, until the house of cards that created it came to a crashing halt, literally: Causes of the Great Depression

The causes that catapulted the recession into the 'Great Depression' were

1. The actions of the federal reserve
2. The sky-high Smoot-Hawley Tariff
3. The actions of Hoover that were continued by
Roosevelt
4. And, mainly, the abject ineptitude of Roosevelt.
a. In 1935, the Brookings Institution (left-leaning) delivered a 900-page report on the New Deal and the National Recovery Administration, concluding that “ on the whole it retarded recovery.”
article - AEI


I'd be happy to provide a list of the lies of Roosevelt that magnified and advanced the problems....

...say the word.

More of your lies. Unemployment peaked in Roosevelt's first year. EVERYTHING got better from then on.

1. Arthur Schlesinger, Jr., liberal New Deal historian wrote in The National Experience, in 1963, “Though the policies of the Hundred Days had ended despair, they had not produce recovery…” He also wrote honestly about the devastating crash of 1937- in the midst of the “second New Deal” and Roosevelt’s second term. “The collapse in the months after September 1937 was actually more severe than it had been in the first nine months of the depression: national income fell 13 %, payrolls 35 %, durable goods production 50 %, profits 78% .

You post that bullshit over and over again. It's a gross error.

 

[Dad2three]

The way "they handled the economy..." was known as the 'Roaring Twenties."

1. 
   
   
   • 
     The Roaring Twenties were the period of sustained economic prosperity with a distinctive cultural edge in New York, Montreal, Chicago, Detroit, Paris, Berlin, London, Los Angeles, and many other major cities during the 1920s in the United States, Canada and Europe.
     Roaring Twenties - Wikipedia, the free encyclopedia
     Wikipedia, the free encyclopediaRoaring_Twenties

And, of course, Republican President Harding was far superior to Democrat Roosevelt in fighting recessions.


Must I teach you obvious things like this each and every day???????

It roared alright, until the house of cards that created it came to a crashing halt, literally: Causes of the Great Depression

The causes that catapulted the recession into the 'Great Depression' were

1. The actions of the federal reserve
2. The sky-high Smoot-Hawley Tariff
3. The actions of Hoover that were continued by
Roosevelt
4. And, mainly, the abject ineptitude of Roosevelt.
a. In 1935, the Brookings Institution (left-leaning) delivered a 900-page report on the New Deal and the National Recovery Administration, concluding that “ on the whole it retarded recovery.”
article - AEI


I'd be happy to provide a list of the lies of Roosevelt that magnified and advanced the problems....

...say the word.

More of your lies. Unemployment peaked in Roosevelt's first year. EVERYTHING got better from then on.

1. Arthur Schlesinger, Jr., liberal New Deal historian wrote in The National Experience, in 1963, “Though the policies of the Hundred Days had ended despair, they had not produce recovery…” He also wrote honestly about the devastating crash of 1937- in the midst of the “second New Deal” and Roosevelt’s second term. “The collapse in the months after September 1937 was actually more severe than it had been in the first nine months of the depression: national income fell 13 %, payrolls 35 %, durable goods production 50 %, profits 78% .

You post that bullshit over and over again. It's a gross error.

FDR did such a horrible job fixing the GOP's mess, the US people only elected him 4 times and it took 60+ years before the GOP got the keys to the House (origination funding) again..

 

[NYcarbineer]

In case you didn't notice, after GOP presidencies of the 1920's, they never were able to gain the White House for a generation...Because of how they handled the economy...

The way "they handled the economy..." was known as the 'Roaring Twenties."

1. 
   
   
   • 
     The Roaring Twenties were the period of sustained economic prosperity with a distinctive cultural edge in New York, Montreal, Chicago, Detroit, Paris, Berlin, London, Los Angeles, and many other major cities during the 1920s in the United States, Canada and Europe.
     Roaring Twenties - Wikipedia, the free encyclopedia
     Wikipedia, the free encyclopediaRoaring_Twenties

And, of course, Republican President Harding was far superior to Democrat Roosevelt in fighting recessions.


Must I teach you obvious things like this each and every day???????

It roared alright, until the house of cards that created it came to a crashing halt, literally: Causes of the Great Depression

The causes that catapulted the recession into the 'Great Depression' were

1. The actions of the federal reserve
2. The sky-high Smoot-Hawley Tariff
3. The actions of Hoover that were continued by
Roosevelt
4. And, mainly, the abject ineptitude of Roosevelt.
a. In 1935, the Brookings Institution (left-leaning) delivered a 900-page report on the New Deal and the National Recovery Administration, concluding that “ on the whole it retarded recovery.”
article - AEI


I'd be happy to provide a list of the lies of Roosevelt that magnified and advanced the problems....

...say the word.

More of your lies. Unemployment peaked in Roosevelt's first year. EVERYTHING got better from then on.

1. Arthur Schlesinger, Jr., liberal New Deal historian wrote in The National Experience, in 1963, “Though the policies of the Hundred Days had ended despair, they had not produce recovery…” He also wrote honestly about the devastating crash of 1937- in the midst of the “second New Deal” and Roosevelt’s second term. “The collapse in the months after September 1937 was actually more severe than it had been in the first nine months of the depression: national income fell 13 %, payrolls 35 %, durable goods production 50 %, profits 78% .

Now you tell us how 1937 was worse than 32 or 33.

 

[JQPublic1]

The richest cities in America are also run by Democrats.

They were all rich before Democrats took over. Give them some time...

NO they weren't. Democrats brought us out of the great depression created by republican fools! The emerging middle class accumulated wealth that endured and provided a tax base wherever they clustered together in places called... you guessed it.... cities.

And so we travel on down the road of "Great Lies That Liberal Dunces Continue to Believe."

Liberal? Where? Who? I ain't no liberal, toots. I think of myself as a classical liberal Democrat, better known as a capital "C" Conservative; not a small "c" conservative like you and the Southern Democrats are/were. Someone needs to travel down your highway... you are far too high strung

 

[Moonglow]

The richest cities in America are also run by Democrats.

They were all rich before Democrats took over. Give them some time...

NO they weren't. Democrats brought us out of the great depression created by republican fools! The emerging middle class accumulated wealth that endured and provided a tax base wherever they clustered together in places called... you guessed it.... cities.

And so we travel on down the road of "Great Lies That Liberal Dunces Continue to Believe."

In case you didn't notice, after GOP presidencies of the 1920's, they never were able to gain the White House for a generation...Because of how they handled the economy...

The way "they handled the economy..." was known as the 'Roaring Twenties."

1. 
   
   
   • 
     The Roaring Twenties were the period of sustained economic prosperity with a distinctive cultural edge in New York, Montreal, Chicago, Detroit, Paris, Berlin, London, Los Angeles, and many other major cities during the 1920s in the United States, Canada and Europe.
     Roaring Twenties - Wikipedia, the free encyclopedia
     Wikipedia, the free encyclopediaRoaring_Twenties

And, of course, Republican President Harding was far superior to Democrat Roosevelt in fighting recessions.


Must I teach you obvious things like this each and every day???????

You can squirm all you like, and postulate till the cows come home for dinner, but the voters in the USA did not like how the repubs turned a blind eye to the populace of the USA and the whey they handled the economy...FDR was willing to try anything to help the citizens, and as a reward they elected him 4 times...

 

[JQPublic1]

In case you didn't notice, after GOP presidencies of the 1920's, they never were able to gain the White House for a generation...Because of how they handled the economy...

The way "they handled the economy..." was known as the 'Roaring Twenties."

1. 
   
   
   • 
     The Roaring Twenties were the period of sustained economic prosperity with a distinctive cultural edge in New York, Montreal, Chicago, Detroit, Paris, Berlin, London, Los Angeles, and many other major cities during the 1920s in the United States, Canada and Europe.
     Roaring Twenties - Wikipedia, the free encyclopedia
     Wikipedia, the free encyclopediaRoaring_Twenties

And, of course, Republican President Harding was far superior to Democrat Roosevelt in fighting recessions.


Must I teach you obvious things like this each and every day???????

None of that is true. Harding didn't do anything. He died, remember?

1. "America’s greatest depression fighter was Warren Gamaliel Harding. An Ohio senator when he was elected president in 1920, he followed Woodrow Wilson who got America into World War I, ...Harding inherited the mess, in particular the post-World War I depression – almost as severe, from peak to trough, as the Great Contraction from 1929 to 1933, that FDR inherited and prolonged. Richard K. Vedder and Lowell E. Gallaway, in their book Out of Work (1993), noted that the magnitude of the 1920 depression "exceeded that for the Great Depression of the following decade for several quarters." The estimated gross national product plunged 24% from $91.5 billion in 1920 to $69.6 billion in 1921. The number of unemployed people jumped from 2.1 million in 1920 to 4.9 million in 1921.

2. Compared to FDR, Harding had a much better understanding of how an economy works. Harding, wrote historian Robert K. Murray, in The Harding Era (1969), "always decried high taxes, government waste, and excessive governmental interference in the private sector of the economy. In February 1920, shortly after announcing his candidacy, he advocated a cut in government expenditures and stated that government ought to ‘strike the shackles from industry.’ ‘We need vastly more freedom than we do regulation,’ he said. Surprisingly, big business took very little notice of him at the time."

3. One of Harding’s campaign slogans was "less government in business," and it served him well. Harding embraced the advice of Treasury Secretary Andrew Mellon and called for tax cuts in his first message to Congress, April 12, 1921. The highest taxes, on corporate revenues and "excess" profits, were to be cut. Personal income taxes were to be left as is, with a top rate of 8% of incomes above $4,000. Harding recognized the crucial importance of encouraging investment essential for growth and jobs, something that FDR never did.

4. Harding’s Budget and Accounting Act of 1921 provided a unified federal budget for the first time in American history. The act established (1) the Bureau of the Budget with a budget director responsible to the president, and (2) the General Accounting Office to help cut wasteful spending.

5. Federal spending was cut from $6.3 billion in 1920 to $5 billion in 1921 and $3.2 billion in 1922. Federal taxes were cut from $6.6 billion in 1920 to $5.5 billion in 1921 and $4 billion in 1922. Harding’s policies started a trend. The low point for federal taxes was reached in 1924. For federal spending, in 1925. The federal government paid off debt, which had been $24.2 billion in 1920, and it continued to decline until 1930.

6. Conspicuously absent was business-bashing that became a hallmark of FDR’s speeches. Absent, too, were New Deal–type big government programs to make it more expensive for employers to hire people, to force prices above market levels, to promote cartels and monopolies. Frederick Lewis Allen wrote, "Business itself was regarded with a new veneration. Once it had been considered less dignified and distinguished than the learned professions, but now people thought they praised a clergyman highly when they called him a good business man."

7. With Harding’s tax cuts, spending cuts and relatively non-interventionist economic policy, the gross national product rebounded to $74.1 billion in 1922. The number of unemployed fell to 2.8 million – a reported 6.7% of the labor force – in 1922. So, just a year and a half after Harding became president, the Roaring 20s were underway! The unemployment rate continued to decline, reaching a low of 1.8% in 1926 – an extraordinary feat. Since then, the unemployment rate has been lower only once in wartime (1944), and never in peacetime.

8. "The seven years from the autumn of 1922 to the autumn of 1929," wrote Vedder and Gallaway, "were arguably the brightest period in the economic history of the United States. Virtually all the measures of economic well-being suggested that the economy had reached new heights in terms of prosperity and the achievement of improvements in human welfare. Real gross national product increased every year, consumer prices were stable (as measured by the consumer price index), real wages rose as a consequence of productivity advance, stock prices tripled. Automobile production in 1929 was almost precisely double the level of 1922. It was in the twenties that Americans bought their first car, their first radio, made their first long-distance telephone call, took their first out-of-state vacation. This was the decade when America entered ‘the age of mass consumption.’"

9. "Progressives" were astonishingly blind to Harding’s achievements. Newspaperman William Allen White called Harding "almost unbelievably ill-informed." Historian Allen wrote that Harding’s "mind was vague and fuzzy. Its quality was revealed in the clogged style of his public addresses, in his choice of turgid and maladroit language (‘non-involvement’ in European affairs)." Ironically, Allen wrote this in 1931, when the Great Depression had been going for two years. Harding had the depression of 1920 licked in a year and a half, but under the "progressive" FDR, the Great Depression would persisted throughout the 1930s, until FDR began conscripting millions of young men for the armed forces."
America’s Greatest Depression*Fighter by Jim Powell
http://archive.lewrockwell.com/orig4/powell-jim4.html

http://www.nationalreview.com/articles/226645/not-so-great-depression/jim-powell

Too long.

The little secret here you leave out is that all Harding did was slightly lower the war taxes because, duh, the war was over.

I accept your white flag.

And I snatch the white flag back from your paws and give it back to it's rightful owner.
The Great Depression began on the GOP's watch. The Congress and the white House
had been under GOP control for the entire decade preceding the Great Depression.
Hoover, being the typical "conservative," didn't give a damn about the plight of the average people who had lost everything. His knee jerk reaction was to form the RFC:

Hoover believed in laissez-faire, but he was much more flexible than Harding and Coolidge had been, especially given the depth of the crisis that confronted him. He had the government buy up surplus crops, for example, in an effort to stabilize crashing crop prices. **He also created the Reconstruction Finance Corporation (RFC), a government agency that would use taxpayer dollars to provide aid to struggling banks, factories, and railroads. No president had ever gone this far to fight the effects of a depression. But Hoover was unwilling to go farther – in particular, he was not willing to give direct federal aid to the unemployed – and many Americans increasingly saw his responses to the crisis as woefully inadequate.

**We didn't hear about the Republican RFC precedent during our mini depression when Bush did essentially the same thing and Obama was left to continue the "too big to fail" bailout before he had time to reshape the ass print Bush left on the presidential chair in the oval office. One difference is that Hoover's unwillingness to give direct federal aid to the poor proved to be a big mistake. Obama didn't make that mistake. Despite the obstructionist GOP House drones who curmudgeonly guarded the purse strings of the US Treasury in those harrowing times, Obama scrapped and did everything he could to alleviate the plight of the unemployed and those who were hurting. Simultaneously he saved the auto industry and put them on the road to recovery...saving thousands of jobs in the process. Do you still wonder why Obama was elected to a second term? The GOP made him look good by disrespecting his office and blatantly showing how disdainful they were of Obama, his presidency and the voters of the USA who put him there!