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It didn't even take FDR 3.5 years to get the country back on the right track after the Depression. And this country was nowhere near a depression under Bush-Oblama.
And FDR got the country out of the depression by creating JOBS through PUBLIC WORKS projects.
And income taxes for the wealthy skyrocketed in order to PAY for those public works and jobs.
But, somehow, even though that worked for FDR and is a proven way for a country to climb out of a depression or recession, it is not being allowed today. Oh, no, the republicans have to protect their endangered species..the wealthy. The wealthy, who today, unlike in the 1930s, don't give a rats ass about the country that gave them the opportunity to become wealthy.
The thing is, the economy was never that bad before Oblama assumed office. There's no reason that he should not have turned the economy around by now.
That reasoning only works if you assume that one party or the other could affect the national polity with their reasoning. The facts point that neither true economic conservatism nor economic liberalism have been tried...just oligarchy.
And FDR got the country out of the depression by creating JOBS through PUBLIC WORKS projects.
And income taxes for the wealthy skyrocketed in order to PAY for those public works and jobs.
But, somehow, even though that worked for FDR and is a proven way for a country to climb out of a depression or recession, it is not being allowed today. Oh, no, the republicans have to protect their endangered species..the wealthy. The wealthy, who today, unlike in the 1930s, don't give a rats ass about the country that gave them the opportunity to become wealthy.
FDR didn't get the U.S. out of the great depression.
"It’s a myth. FDR did not get us out of the Great Depression—not during the 1930s, and only in a limited sense during World War II.
Let’s start with the New Deal. Its various alphabet-soup agencies—the WPA, AAA, NRA and even the TVA (Tennessee Valley Authority)—failed to create sustainable jobs. In May 1939, U.S. unemployment still exceeded 20%. European countries, according to a League of Nations survey, averaged only about 12% in 1938. The New Deal, by forcing taxes up and discouraging entrepreneurs from investing, probably did more harm than good.
What about World War II? We need to understand that the near-full employment during the conflict was temporary. Ten million to 12 million soldiers overseas and another 10 million to 15 million people making tanks, bullets and war material do not a lasting recovery make. The country essentially traded temporary jobs for a skyrocketing national debt. Many of those jobs had little or no value after the war.
No one knew this more than FDR himself. His key advisers were frantic at the possibility of the Great Depression’s return when the war ended and the soldiers came home. The president believed a New Deal revival was the answer—and on Oct. 28, 1944, about six months before his death, he spelled out his vision for a postwar America. It included government-subsidized housing, federal involvement in health care, more TVA projects, and the “right to a useful and remunerative job” provided by the federal government if necessary.
Roosevelt died before the war ended and before he could implement his New Deal revival. His successor, Harry Truman, in a 16,000 word message on Sept. 6, 1945, urged Congress to enact FDR’s ideas as the best way to achieve full employment after the war.
Congress—both chambers with Democratic majorities—responded by just saying “no.” No to the whole New Deal revival: no federal program for health care, no full-employment act, only limited federal housing, and no increase in minimum wage or Social Security benefits.
Instead, Congress reduced taxes. Income tax rates were cut across the board. FDR’s top marginal rate, 94% on all income over $200,000, was cut to 86.45%. The lowest rate was cut to 19% from 23%, and with a change in the amount of income exempt from taxation an estimated 12 million Americans were eliminated from the tax rolls entirely.
Corporate tax rates were trimmed and FDR’s “excess profits” tax was repealed, which meant that top marginal corporate tax rates effectively went to 38% from 90% after 1945."
Damn Senator Obama for somehow starting the recession in 2007!
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