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View Poll Results: Do you think FDR was a good President?
Yes 84 59.57%
No 49 34.75%
Not sure 8 5.67%
Voters: 141. You may not vote on this poll

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Old 07-28-2016, 05:44 PM
 
Location: PHX -> ATL
6,311 posts, read 6,727,834 times
Reputation: 7167

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The title is pretty straight-forward. Let's discuss.
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Old 07-28-2016, 05:54 PM
 
Location: Santa Monica
36,858 posts, read 17,226,534 times
Reputation: 14459
As in he fed his slaves well?
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Old 07-28-2016, 05:58 PM
 
4,739 posts, read 10,380,025 times
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"New Deal policies signed into law 71 years ago thwarted economic recovery for seven long years."

Quote:
"We found that a relapse isn't likely unless lawmakers gum up a recovery with ill-conceived stimulus policies."

In an article in the August issue of the Journal of Political Economy, Ohanian and Cole blame specific anti-competition and pro-labor measures that Roosevelt promoted and signed into law June 16, 1933.

"President Roosevelt believed that excessive competition was responsible for the Depression by reducing prices and wages, and by extension reducing employment and demand for goods and services," said Cole, also a UCLA professor of economics. "So he came up with a recovery package that would be unimaginable today, allowing businesses in every industry to collude without the threat of antitrust prosecution and workers to demand salaries about 25 percent above where they ought to have been, given market forces. The economy was poised for a beautiful recovery, but that recovery was stalled by these misguided policies."

...The policies were contained in the National Industrial Recovery Act (NIRA), which exempted industries from antitrust prosecution if they agreed to enter into collective bargaining agreements that significantly raised wages.

...Even after being deemed unconstitutional, Roosevelt's anti-competition policies persisted — albeit under a different guise, the scholars found. Ohanian and Cole painstakingly documented the extent to which the Roosevelt administration looked the other way as industries once protected by NIRA continued to engage in price-fixing practices for four more years.

..."The fact that the Depression dragged on for years convinced generations of economists and policy-makers that capitalism could not be trusted to recover from depressions and that significant government intervention was required to achieve good outcomes," Cole said. "Ironically, our work shows that the recovery would have been very rapid had the government not intervened."

FDR's policies prolonged Depression by 7 years, UCLA economists calculate | UCLA
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Old 07-28-2016, 06:06 PM
 
Location: Toronto, ON
2,339 posts, read 2,056,107 times
Reputation: 1650
The funny thing about social democracy is that it becomes popular at the worst possible time.
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Old 07-28-2016, 06:20 PM
 
Location: Florida
7,722 posts, read 6,280,797 times
Reputation: 15689
He didn't take the clue that 2 terms were enough.

It took 3 men to end the great depression, Mussolini, Tojo and Hitler.
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Old 07-28-2016, 06:35 PM
 
Location: St. Louis
3,287 posts, read 2,285,480 times
Reputation: 2172
He will be ranked among the greatest president after the political rancor has turned cold and coagulated.
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Old 07-28-2016, 06:48 PM
 
4,019 posts, read 3,930,170 times
Reputation: 2938
Roosevelt and Kennedy were the last great presidents, the ones after were all crooks.
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Old 07-28-2016, 06:48 PM
 
593 posts, read 1,372,238 times
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Reactionary is right, BUT FDR avoided insurrection and revolution by instituting those programs. 1/3 of the population was out of work and most of the middle class and some of the emergent upper class lost their investments. They had worked many years to acquire wealth only to lose it because speculators and banks were buying stocks on credit. Now they had nothing because of dishonest people running a shell game on wall st. You cant have a third of the country without work or prospects to feed their families and expect things not to get violent. Look at the French revolution, the rise of communism in Russia, and the rise of Hitler in Germany. People do desperate things and follow crazy leaders when they got nothing. Thats why in 2008 the incoming democratic president and the outgoing republican president met to discuss options for bailing out the big banks and keeping the status quo in place. If 100 million americans went without work today there would be REAL problems.
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Old 07-28-2016, 06:48 PM
 
Location: St. Louis
3,287 posts, read 2,285,480 times
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Quote:
Originally Posted by skepticratic View Post
The great depression started (or was poised to start) before FDR took office. FDR was first elected in 1933 and most historians say the great depression lasted through the entirely of the 30s, most saying it started in 1929 when the stock market crashed. So unless FDR was a secret time traveler, you can't really say his policies left us with the great depression since his policies didn't even really exist until it had already started.
And nobody figured out a way to recover from the GD, not in the US or any other country*. Or maybe they did but wanted to wait for a GOP president before helping the nation recover?


*Even the Nazis were using deficit spending to finance their toy collecting.
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Old 07-28-2016, 07:14 PM
 
Location: St. Louis
3,287 posts, read 2,285,480 times
Reputation: 2172
And of course:
Attached Thumbnails
Was FDR a good President?-hiss-roosevelt.jpg  
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