Far West
Pursuit Driver
I have read that it was a good thing FDR died, since he did enough to ruin what our republic was supposed to be with all the social programs he enacted... the war was the real reason the US finally came out of the great depression.
Rep. Alexandria Ocasio-Cortez incorrectly asserted that Republicans amended the Constitution to stop former President Franklin Delano Roosevelt from being re-elected — even though he died in office.
“They had to amend the Constitution of the United States to make sure Roosevelt did not get re-elected,” the New York Democrat said during an MSNBC town hall on Friday night, as she touted the positive effects of the New Deal.
<snip>
The 22nd Amendment, which was ratified by the states in 1951, declares: “No person shall be elected to the office of the President more than twice, and no person who has held the office of President, or acted as President, for more than two years of a term to which some other person was elected President shall be elected to the office of the President more than once.”
Roosevelt was elected president four times: in 1932, 1936, 1940 and 1944. Roosevelt died on April 12, 1945.
https://nypost.com/2019/04/01/ocasi...d-constitution-to-block-fdr-from-re-election/
The Enduring Myth of FDR and the New Deal
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.
https://www.heritage.org/budget-and-spending/commentary/the-enduring-myth-fdr-and-the-new-deal
Rep. Alexandria Ocasio-Cortez incorrectly asserted that Republicans amended the Constitution to stop former President Franklin Delano Roosevelt from being re-elected — even though he died in office.
“They had to amend the Constitution of the United States to make sure Roosevelt did not get re-elected,” the New York Democrat said during an MSNBC town hall on Friday night, as she touted the positive effects of the New Deal.
<snip>
The 22nd Amendment, which was ratified by the states in 1951, declares: “No person shall be elected to the office of the President more than twice, and no person who has held the office of President, or acted as President, for more than two years of a term to which some other person was elected President shall be elected to the office of the President more than once.”
Roosevelt was elected president four times: in 1932, 1936, 1940 and 1944. Roosevelt died on April 12, 1945.
https://nypost.com/2019/04/01/ocasi...d-constitution-to-block-fdr-from-re-election/
The Enduring Myth of FDR and the New Deal
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.
https://www.heritage.org/budget-and-spending/commentary/the-enduring-myth-fdr-and-the-new-deal