-----The cruel irony of the New
Deal is that the liberals’ honorable intentions to help the poor and the
unemployed caused more human suffering than any other set of ideas in
the past century....until now anyway!
Repost from the THE DAILY SIGNAL
The Real Story About What Ended the Great Depression (Hint: It Wasn’t the New Deal)
Stephen Moore / September 28, 2014
My
seventh-grade son recently wrote a U.S. History paper extolling the
virtues of President Franklin Roosevelt’s New Deal. “It ended the Great
Depression,” he wrote with great certainty. He’s only 12 and parroting
what the history texts and his teachers told him.
That’s his excuse. What’s Ken Burns’?
Mr.
Burns’ docudrama on the Roosevelts—for those who weren’t bored to
tears—repeats nearly all the worn-out fairy tales of the FDR presidency,
including what I call the most enduring myth of the 20th century, which
is that FDR’s avalanche of alphabet-soup government programs ended the
Great Depression. Shouldn’t there be a statute of limitations on such
lies?
Ask nearly anyone over the age of 80, and they will say
that FDR cared about the working man and “gave the country hope,” a
point that Mr. Burns emphasizes. Roosevelt exuded empathy, which isn’t a
bad thing—remember Bill Clinton’s memorable line “I feel your
pain”?—but caring doesn’t create jobs or lift gross domestic product.
Nor
does spending government money revive growth, despite the theories put
into practice by the then-dean of all economists, John Maynard Keynes.
Any objective analysis of these facts can lead to no other conclusion.
U.S. unemployment averaged a rate of 18 percent during Roosevelt’s first
eight years in office. In the decade of the 1930s, U.S. industrial
production and national income fell by about almost one-third. In 1940,
after year eight years of the New Deal, unemployment was still averaged a
god-awful 14 percent.
Think of it this way. The unemployment
rate was more than twice as high eight years into the New Deal than it
is today, and American workers now are angry as hornets. Imagine, if
jobs were twice as scarce today, the pitchforked revolt that would be
going on. This is success?
Almost everything FDR did to
jump-start growth retarded it. The rise in the minimum wage kept
unemployment intolerably high. (Are you listening, Nancy Pelosi?)
Roosevelt’s work programs like the Works Progress Administration,
National Recovery Administration and the Agricultural Adjustment
Administration were so bureaucratic as to have minimal impact on jobs.
Raising tax rates to nearly 80 percent on the rich stalled the economy.
Social Security is and always was from the start a Madoff-style Ponzi
scheme that will eventually sink into bankruptcy unless reformed.
The
most alarming story of economic ignorance surrounding this New Deal era
was the tax increases while the economy was faltering. According to
economist Burt Folsom, FDR signed one of the most financially
devastating taxes: “On April 27, 1942, he signed an executive order
taxing all personal income above $25,000 [rich back then] at 100
percent. Congress balked at that idea and later lowered it to 90 percent
at the top level.” The New Dealers completely ignored the lessons of
the 1920s tax cuts, which just a decade before had unfurled an age of
super-growth.
Then there was the spending and debt barrage.
Federal spending catapulted from $4.65 billion in 1933 to nearly $13.7
billion in 1941. This tripling of the federal budget in just eight years
came at a time of almost no inflation (just 13.1 percent cumulative
during that period). Budget surpluses during the prosperous Coolidge
years became ever-larger deficits under FDR’s fiscal reign. During his
first term, more than half the federal budget on average came from
borrowed money.
The cruel irony of the New Deal is that the
liberals’ honorable intentions to help the poor and the unemployed
caused more human suffering than any other set of ideas in the past
century.
What is maddening is that thanks to this historical
fabrication of FDR’s presidency, dutifully repeated by Mr. Burns, we
have repeated the mistakes again and again. Had the history books been
properly written, it’s quite possible we would never had to endure the
catastrophic failure of Obamanomics and the “stimulus plans” that only
stimulated debt. The entire rationale for the Obama economic plan in
2009 was to re-create new New Deal.
Doubly amazing is that at
this very moment, the left is writing another fabricated history — of
the years we have just lived through. The history books are already
painting Obama policies as the just-in-time emergency policies that
prevented a Second Great Depression. I wonder if 80 years from now, the
American people will be as gullible as they are today in believing, as
my 12-year-old does, that FDR was an economic savior.
Originally appeared in The Washington Times
Answer to "What Ended the Great Depression?" for the dumb masses out there is.....WORLD WAR II.
.
Monday, September 29, 2014
Friday, September 26, 2014
This explains what triggered the Muslim killing in Moore, Oklahoma on Thursday
On Tuesday, President Obama delivered his annual message to the United
Nations in New York City. In his speech he said: “But the United
States will never be at war with Islam. Islam preaches peace. Muslims
the world over seek only to live with dignity and a sense of justice.
And when it comes to America and Islam, there is no ‘us and them,’ there
is only us because millions of Muslim Americans are part of the fabric
of our country.”
IS THAT SO? COULD HE BE LYING TO US OR HAS HE JUST MISSED READING ARTICLES LIKE THIS?
THE TELEGRAPH
23 Jan 2003: Preacher 'encouraged Muslims to wage war on all non-believers' (http://www.telegraph.co.uk/ news/uknews/1419732/Preacher- encouraged-Muslims-to-wage- war-on-all-non-believers.html)
RIGHT WING NEWS
23 April 2014: Muslim Imam in Tennessee PREACHES “Jews & Christians are Filthy, Their Lives & Property can be Taken in Jihad by Muslims” in America. (http://www.rightwingnews.com/ uncategorized/muslim-imam-in- tennessee-preaches-jews- christians-are-filthy-their- lives-property-can-be-taken- in-jihad-by-muslims-in- america/)
JIHAD WATCH
22 Sept 2014: “Isis Spokesman: ‘Supporters Should Kill Europeans, Americans and Canadians in Any Way Possible,'” (http://www.jihadwatch.org/ 2014/09/islamic-state- spokesman-rely-upon-allah-and- kill-american-european- australian-and-canadian-non- muslims)
People who buy the "moderate" mooslime shtick are in for a rude awakening, the radical Muslim will cut your head off while the "moderates" hold your feet in an act of self-preservation not wanting to be the next one beheaded.
Wake the H E L L up PEOPLE, this is called, "Muslim Creep"! It's taking place all around you, as all these Muslims are coming into the US on Visas and never leaving the country as they all jump into the line and accept government handouts.
Obama and the left are importing all these terrorists under the guise of "celebrating diversity". Not only do they hate us, we are forced to support them while they make plans to kill us.
The leaches are coming via air and walking across the southern border and the Libs and Dems are turning a blind eye because,they are future Dem Voters. Committing national suicide is one thing, paying for it is a whole different level of stupidity.
.
IS THAT SO? COULD HE BE LYING TO US OR HAS HE JUST MISSED READING ARTICLES LIKE THIS?
THE TELEGRAPH
23 Jan 2003: Preacher 'encouraged Muslims to wage war on all non-believers' (http://www.telegraph.co.uk/
RIGHT WING NEWS
23 April 2014: Muslim Imam in Tennessee PREACHES “Jews & Christians are Filthy, Their Lives & Property can be Taken in Jihad by Muslims” in America. (http://www.rightwingnews.com/
JIHAD WATCH
22 Sept 2014: “Isis Spokesman: ‘Supporters Should Kill Europeans, Americans and Canadians in Any Way Possible,'” (http://www.jihadwatch.org/
People who buy the "moderate" mooslime shtick are in for a rude awakening, the radical Muslim will cut your head off while the "moderates" hold your feet in an act of self-preservation not wanting to be the next one beheaded.
Wake the H E L L up PEOPLE, this is called, "Muslim Creep"! It's taking place all around you, as all these Muslims are coming into the US on Visas and never leaving the country as they all jump into the line and accept government handouts.
Obama and the left are importing all these terrorists under the guise of "celebrating diversity". Not only do they hate us, we are forced to support them while they make plans to kill us.
The leaches are coming via air and walking across the southern border and the Libs and Dems are turning a blind eye because,they are future Dem Voters. Committing national suicide is one thing, paying for it is a whole different level of stupidity.
.
Friday, September 5, 2014
WHAT WOULD YOU SAY TO OBAMA IF HE KILLED YOUR SON?
The parents of Aaron Vaughn of SEAL Team VI said this:
Please resign, Mr. President!
By: Billy and Karen Vaughn, parents of Special Operations Chief Aaron Vaughn of Seal Team 6 who was killed in a helicopter crash in Afghanistan with all other members of his team.
After finally choosing to view the barbaric, on-camera beheading by ISIS of freelance war correspondent James Foley, I have been left with a level of rage known only to those of us who have sacrificed unspeakable offerings on the altar of world peace.
My offering was my only son — Aaron Carson Vaughn. Aaron was a member of SEAL Team VI. He was killed in action when a CH47D Chinook, carrying thirty Americans and eight Afghans was shot down in the Tangi River Valley of Afghanistan on Aug. 6, 2011.
Many times over the past three years, I have been asked what drove my son to choose his particular career. What made him want to be a Navy SEAL? My answer is simple.
Aaron Vaughn was a man who possessed the courage to acknowledge evil. And evil, once truly acknowledged, demands response. Perhaps this is why so few are willing to look it in the eye. It is much simpler — much safer — to look the other way.
That is, unless you are the leader of the Free World.
As Commander-in-Chief, your actions — or lack thereof — Mr. President, cost lives. As you bumble about in your golf cart, slapping on a happy face and fist-pounding your buddies, your cowardly lack of leadership has left a gaping hole — not only in America’s security — but the security of the entire globe. Your message has come across loud and clear, sir: You are not up to this job. You know it. We know it. The world knows it.
Please vacate the people’s house and allow a man or woman of courage and substance to seize the reigns of this out-of-control thug-fest and regain the balance we, America, have provided throughout our great history.
Thanks to your “leadership” from whatever multi-million dollar vacation you happen to be on at any given moment, the world is in chaos. What’s been gained, you’ve lost. What’s been lost, you’ve decimated. You’ve demolished our ability to hold the trust of allies. You’ve made a mockery of the title “President.” And you’ve betrayed the nation for which my son and over 1.3 million others have sacrificed their very lives.
But this should come as no surprise, since your wife uttered a vile statement on Feb. 18, 2008, during the primary campaign — one that speaks volumes of your true convictions. “For the first time in my adult life, I am really proud of my country,” she said.
I am sure my deceased son thanks you for that, Mrs. Obama. Oh, and you’re welcome.
Never in my lifetime have I witnessed such despair and such growing fear that the world’s last best hope, America, has finally been dismantled. Perhaps the better word is transformed — fundamentally transformed. Come to think of it, it’s become difficult — if not impossible — to believe things haven’t gone exactly as you planned, Mr. President.
Amazingly, in five short years, your administration has lurched from one disaster to another. You spearheaded the ambitious rush to end the wars in both Iraq and Afghanistan — with no plan on how to do so effectively. Also, the release of “the Taliban five” in exchange for one American — without consulting Congress — is also on your shoulders.
You have been at the helm during unprecedented national security leaks — including, but not limited to the outing of SEAL Team VI on the Bin laden raid, the outing of the Pakistani doctor who provided the intelligence for that raid, the outing of Afghanistan’s CIA station chief, and the outing of your personal “kill list” to make you look tough. In addition, 75 percent of American deaths in Afghanistan and 83 percent of Americans-wounded-in-action have occurred on your watch, according to icasualties.org.
And now, we have this recent, heinous event: the beheading of an American citizen by a barbaric organization you foolishly referred to as “the JV team” in your statements to the New Yorker magazine in January.
You, sir, are the JV team. It’s time for you to step down and allow a true leader to restore our honor and protect our sons and daughters.
America has always been exceptional. And she will be again. You, Mr. President, are a bump in our road.
---Billy & Karen Vaughn are Gold Star parents of Special Operations Chief (SEAL) Aaron Vaughn, KIA 6 Aug 2011. Billy is the author of Betrayed: The Shocking True Story of Extortion 17. Read more at http://www.forourson.us.
.
Please resign, Mr. President!
By: Billy and Karen Vaughn, parents of Special Operations Chief Aaron Vaughn of Seal Team 6 who was killed in a helicopter crash in Afghanistan with all other members of his team.
After finally choosing to view the barbaric, on-camera beheading by ISIS of freelance war correspondent James Foley, I have been left with a level of rage known only to those of us who have sacrificed unspeakable offerings on the altar of world peace.
My offering was my only son — Aaron Carson Vaughn. Aaron was a member of SEAL Team VI. He was killed in action when a CH47D Chinook, carrying thirty Americans and eight Afghans was shot down in the Tangi River Valley of Afghanistan on Aug. 6, 2011.
Many times over the past three years, I have been asked what drove my son to choose his particular career. What made him want to be a Navy SEAL? My answer is simple.
Aaron Vaughn was a man who possessed the courage to acknowledge evil. And evil, once truly acknowledged, demands response. Perhaps this is why so few are willing to look it in the eye. It is much simpler — much safer — to look the other way.
That is, unless you are the leader of the Free World.
As Commander-in-Chief, your actions — or lack thereof — Mr. President, cost lives. As you bumble about in your golf cart, slapping on a happy face and fist-pounding your buddies, your cowardly lack of leadership has left a gaping hole — not only in America’s security — but the security of the entire globe. Your message has come across loud and clear, sir: You are not up to this job. You know it. We know it. The world knows it.
Please vacate the people’s house and allow a man or woman of courage and substance to seize the reigns of this out-of-control thug-fest and regain the balance we, America, have provided throughout our great history.
Thanks to your “leadership” from whatever multi-million dollar vacation you happen to be on at any given moment, the world is in chaos. What’s been gained, you’ve lost. What’s been lost, you’ve decimated. You’ve demolished our ability to hold the trust of allies. You’ve made a mockery of the title “President.” And you’ve betrayed the nation for which my son and over 1.3 million others have sacrificed their very lives.
But this should come as no surprise, since your wife uttered a vile statement on Feb. 18, 2008, during the primary campaign — one that speaks volumes of your true convictions. “For the first time in my adult life, I am really proud of my country,” she said.
I am sure my deceased son thanks you for that, Mrs. Obama. Oh, and you’re welcome.
Never in my lifetime have I witnessed such despair and such growing fear that the world’s last best hope, America, has finally been dismantled. Perhaps the better word is transformed — fundamentally transformed. Come to think of it, it’s become difficult — if not impossible — to believe things haven’t gone exactly as you planned, Mr. President.
Amazingly, in five short years, your administration has lurched from one disaster to another. You spearheaded the ambitious rush to end the wars in both Iraq and Afghanistan — with no plan on how to do so effectively. Also, the release of “the Taliban five” in exchange for one American — without consulting Congress — is also on your shoulders.
You have been at the helm during unprecedented national security leaks — including, but not limited to the outing of SEAL Team VI on the Bin laden raid, the outing of the Pakistani doctor who provided the intelligence for that raid, the outing of Afghanistan’s CIA station chief, and the outing of your personal “kill list” to make you look tough. In addition, 75 percent of American deaths in Afghanistan and 83 percent of Americans-wounded-in-action have occurred on your watch, according to icasualties.org.
And now, we have this recent, heinous event: the beheading of an American citizen by a barbaric organization you foolishly referred to as “the JV team” in your statements to the New Yorker magazine in January.
You, sir, are the JV team. It’s time for you to step down and allow a true leader to restore our honor and protect our sons and daughters.
America has always been exceptional. And she will be again. You, Mr. President, are a bump in our road.
---Billy & Karen Vaughn are Gold Star parents of Special Operations Chief (SEAL) Aaron Vaughn, KIA 6 Aug 2011. Billy is the author of Betrayed: The Shocking True Story of Extortion 17. Read more at http://www.forourson.us.
.
Subscribe to:
Posts (Atom)