nuhuh
Gold Member
Wow!
Look at five Liberal Roosevelt-groupies screech, howl, and fume over the truth being revealed!!!
And pouring more truth-gasoline on this fire is my guilty pleasure.
How about some more?
"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!"
Morgenthau made thisāstartling confession,ā as historian Burton W. Folsom Jr. calls it, during the seventh year of FDRās New Deal programs to combat the rampant unemployment of the Great Depression.
āIn these words, Morgenthau summarized a decade of disaster, especially during the years Roosevelt was in power. Indeed average unemployment for the whole year in 1939 would be higher than that in 1931, the year before Roosevelt captured the presidency from Herbert Hoover,āFolsom writes in his new book, āNew Deal or Raw Deal?: How FDRās Economic Legacy Has Damaged America.ā
![]()
![]()
Indeed, with those words, Morgenthau confessed what so many keepers of FDRās flame wonāt admit today: The New Deal was failed public policy. Massive spending on public works programs didnāt erase historic unemployment. It didnāt produce a recovery.
Some of the most desperate defenders of New Deal doctrine are getting a little shrill about this hard truth. Itās an important truth, nevertheless, especially because the same characters insist that Barack Obama must push through a āboldā economic stimulus that depends on hundreds of billions in new government spending to create or āsaveā jobs.
Budget and financial experts here at The Heritage Foundation are among cooler heads cautioning that President Obama ought not to repeat President Rooseveltās mistakes. In one such effort, Heritage last week distributeda chart showing that FDRās programs didnāt succeed in pushing unemployment below 20 percent.
'We're Spending More Than Ever and It Doesn't Work'
the most desperate defenders of New Deal doctrine are getting a little shrill ...
Morgenthau confessed what so many keepers of FDRās flame wonāt admit today...
average unemployment for the whole year in 1939 would be higher than that in 1931
FDR made it worse, and never.....never.....accomplished his goals!!!
For the life of me Political Chic I can't understand how Conservatives could ever think they have been correct about economic theory when most of the time they moderate from a position of failure. The economy during the first four years of FDR's administration did quite well and only was interrupted in 1937 when he slashed spending trying to balance the budget while wrongly thinking the economy was well enough to sustain itself. Even then, GDP did not drop and was strong throughout the recovery. When FDR realized what was happening he reversed course and GDP soared by 10.9% in 1939 and industrial production was up by 23%. You might pay attention to the garbage you're getting your sourcing from, it looks like typical conservative tripe not worth the paper it's written on.
"I can't understand how Conservatives could ever think they have been correct about economic theory when most of the time they moderate from a position of failure."
Lots of things you can't understand...
Watch me make you eat those words.
1. "Henry Morgenthau, Jr. (/ĖmÉrÉ”ÉnĪøÉĖ/; May 11, 1891 ā February 6, 1967) was the U.S. Secretary of the Treasury during the administration of Franklin D. Roosevelt. He played a major role in designing and financing the New Deal."
Henry Morgenthau, Jr. - Wikipedia, the free encyclopedia.
2. Don't take my word for the ineptitude, here is Roosevelt BFF, secretary of the treasury, expert on finance and compendium of statistics on the economy of the 1930's:
"āWe have tried spending money. We are spending more than we have ever spent before andit does not work.And I have just one interest, and if I am wrongā¦somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promisesā¦I say after eight years of this administration we have just as much unemployment as when we startedā¦And an enormous debt to boot!ā
Morgenthau Diary, May 9, 1939, Franklin Roosevelt Presidential Library
a. In 1935, the Brookings Institution (left-leaning) delivered a 900-page report on the New Deal and the National Recovery Administration, concluding that āon the whole it retarded recovery.ā
article - AEI
How ya' like them apples, boyyyyyeeeeeeee????
I thought the part you cut out was really cute: ."We have never begun to tax the people in this country the way they should be.... I don't pay what I should. People of my class don't. People who have it should pay.... After eight years of this administration we have just as much unemployment as when we started...and an enormous debt to boot!"[8]
So Mr. Stupid was going to fix one mistake with another.
How does this part of his quote have any bearing on what he said before ?
Simple answer bozo, if you conceal the substance of a quote what else are you hiding? Further, that quote was used to project a false assumption across all wingnuttia, so using it as a authoritative source just makes you equal to drool.