what historians?that has got to be the biggest revisionist piece of shit ive heard.
whoever thinks fdr extended the depression needs to read a history book. you ppl cant except the fact that horse and sparrow reaganonics just dosent work. this has been proven time and time again by just about every reputable economist.why cant you republican facsist idiots accept it.
All these idiots trying to smear and libel FDR are a gaggle of reactionary lapdogs from fake, pseudo intellectual "libertarian" institutes. Somehow these guys don't think that the speculators the got people into the crisis are a problem but the guy that got the US out is? Interesting.
FDR had a 70 percent approval rating. Why do you think that is? Eh, cause he made the depression worse? Really?
@gosciu555 Ok, to correct the record, Hoover started many of the New Deal programs, FDR expanded them. While relief and make work made things seem better it was not. Hoover killed any hopes of economic recovery by raising taxes & tariffs to keep a balanced budget while dramatically increasing Federal spending for relief programs.
@gosciu555 The Depression was prolonged by Hoover and then FDR by constant regulatory maneuvering that created economic uncertainty. This made business planning impossible. You will not hire people if you do not know if there will be greater demand for your products or services or that new taxes or regulations will create new yet unknown burdens to your business. This is why unemployment remained high until WW2.
@gosciu555 FDR was very popular although not at 70% because he was charismatic, he was well spoken, he had a largely lapdog press, and he sure seemed like he was doing a lot to help the country get out of the Great Depression. FDR was fortunate that the economic stabilized for much of his first 8 years so things generally were not getting worse per say.
@gosciu555 FDR tried to do his best. Unfortunately it just wasn't enough. Even WW2 did not end the crisis. We sent millions of men overseas to end high unemployment and the GDP rose due to a massive expansion of the money supply. The Depression only ended after the economic uncertainty of Hoover and FDR ended with Truman. The post-war property was a combo of stable economic policy and our competitors in Europe and Asia were in ruins.
yeah, FDR should have just let the poor and those displaced by the dustbowl starve to death, that way the wealthy wouldn't have to feel any level of responsibility.
Neither legitimate historians nor legitimate economists believe that FDR did anything to prolong the Great Depression. FOX is not real, those who believe in it are living in delusion. Four on, the FDR prolonged the depression lie was started by the Ayn Rand psychopaths and picked up by the droolers of the GOP right. There has never been any historical or economic evidence that FDR did anything but save this country's ass.
Perhaps they meant to say the Hoover administration? No one with half a brain could look at the statistics, and the numbers after FDR employed his relief, recovery, and reform and think things actually got worse...I know several economic experts as well as historians who would beg to differ with the uneducated and ignorant pundits on FOX News.
Ok wiseguy, UCLA professors saying FDR was crap good enough for you?
There you go, exhaustive analysis of the statistics that clearly demonstrate FDR prolonged the Great Depression by seven plus years with his policies.
@bigboss686 Saying FDR was crap is definitely not "good enough" for me. I'd actually like to see some true analysis. I don't know where you get your numbers, but if you look at GDP growth and decline from before and after 1929, the market fell so low after Hoover's administration, that it took several years to climb back out of the hole. Think of it like a hiker falling off a summit, and then trying to climb his way back to the top again. That's a more realistic comparison.
@peaceandmetal88 Well, good thing you didn't read the link then isn't it, after all the many facts and evidence clearly show your incorrect. The best thing you can possibly do is ignore them as you've done here.
BTW GDP is one of the worst possible ways to measure whether or not an economy is improving, one could manufacture bombs an blow them up, that would raise GDP, although it accomplishes nothing in terms of societal/economical improvement. That's why the French don't use it as a measure
Youre a fucking moron, GDP determines the amount of manufacturing going on, hence the amount of jobs being done, hence employment, and a million other things. GDP is an important measurement because it determines whether or not you're IN a recession. Productivity in America has nearly CEASED. It is hugely important. You're a liar and a distortionist and you should be hung.
Complete lies. Your so called "professors" don't have a political agenda? Lolz. Believe me, I've been to a "modern college" even a more fancy one then UCLA, and the professors are a bunch of died in the wool *reactionaries.* All politics after WW2 is one big continuous reaction to the New Deal. The New Deal had some mistakes but overall it was a huge stunning success.
When was the last time the Us had full employment? Thats right, 1941. So shut it.
@gosciu555 LOL a piece of fruit has an IQ higher than you. The statistical evidence by UCLA is beyond reproach, too bad for you. As far as 1941, you're an ignoramus completely ignorant of history. lostrepublic(.)us/archives/3521 That link destroys your nonsense about the 1940's. as far as your idiocy about FDR's approval rating is concerned, I will again destroy you with this fee(.)org/nff/three-myths-of-the-great-depression/ when you communism addled brain gets out of preschool, let me knowLOL
UC historian Eric Rauchway: "Excepting 1937-1938, unemployment fell each year of Roosevelt's first two terms. In part, the jobs came from Washington, which directly employed as many as 3.6 million people to build roads, bridges, ports, airports, stadiums, and schools -- as well as, of course, to paint murals and stage plays. But new jobs also came from the private sector, where manufacturing work increased apace. This basic fact is clear
@GnomesAmok Seriously? Your argument is that so long as we ignore 37-38, everything was rosy and terrific, that is so absurd. It's laughable.
I already posted tons of information destroying this but I'll deal with your assertion. 37-38 are the result of the structural flaws of his policies coming to fruition. at best, it proves that his policies are good for only a couple years before they re-collapse the economy, leading to perpetual depression.
You havn't demonstrated anything and your ad-hominem bullshit doesn't help your case either. This may be the internet, but c'mon pal, show a little class if you're going to fail miserably like the crypto-fascist piece of Nazi dogshit that you are. Quoting only 37-38 is your argument, not mine. My argument is SIMPLE and based on HARD EVIDENCE: "The most important thing to know about Roosevelt's economics is that, despite claims to the contrary.." (cont)
"...the economy recovered during the New Deal. During Roosevelt's first two terms, the U.S. economy grew at average annual growth rates of 9 percent to 10 percent, with the exception of the recession year of 1937-1938.."
"By 1937 things were a lot better than they were in 1933. Then [FDR was persuaded to balance the budget or try to and he raised taxes and cut spending and the economy went back down again and then it took an enormous public works program (WORLD WAR II)"
@GnomesAmok LMAO hard evidence? That's so dishonest. Your argument about 37 is a joke, the vast majority of "cuts" where salary reductions to fed employees. Spending on the WPA, for example, which was FDR’s road program, declined after election, didn’t need the votes the next year. Spending only dropped 0.7% of GDP between 36-37. Both of those years accumulated huge deficits, but 1937 had that small spending decline. You believe a 0.7% spending cut increased in unemployment in 38? LOOOOL
" U.S. economy grew at average annual growth rates of 9 percent to 10 percent."
Explain. Go ahead, explain how a dead in the water economy grew 10% a year. I mean, honestly, do you even know anything about monetary or fiscal policy? Keynesian economics? Here's a speech you should listen to: /watch?v=3nuElu-ipTQ&feature=related
"For the past 10 years America has suffered a know nothing, hear nothing, DO NOTHING government". Roosevelt was right then and hes right now.
@GnomesAmok 9% or 50%, who cares? It was UNSUSTAINABLE. You want to pretend 36-37 didn't exist, but it did an it negates pre-existing growth. In 37 FDR increased corporate tax an the effects of the Wagner Act sparked widespread strikes an unionizing of the nation’s auto plants in 37-38 The resulting strikes/wage hikes increased costs of business beyond which employers could hire workers or sell their expensive cars. Unemployment rose and the U.S. went into a depression within a depression.
@GnomesAmok Obviously so, unless you really think that of your absurd assertion about a 0.7% spending decrease. History shows hundreds of instances where the government cut spending by more an no depression happened, consequently history also shows that when you massively increase taxes and massively artificially inflate salaries. Economies turned to rubble. Only an idiot would say that the president who presided over the worst economic depression in American history was an economic genius LOL
It's a lie? The idea that FDR prolonged the depression has been proposed for a long time, and its pretty well evidenced. Is it a lie because FOX NEWS said so? Obviously progressives are either to stupid or to lazy to look at the other side in any issue, most of them don't know who Hayek or Mises are. Maybe you don't know what "priming the pump" is. Or false GDP growth, or a bubble up economy, or counter cyclical monetary policy. You should look up the other side before being a sheep
sirota, I'm convinced you're the only person who could possible be so god damn stupid as to make a woman from Fox news actually look credible (though she's not). Remind me how the keynesians fixed the 70s stagflation again? Why couldn't we just spend our way out of that one? I can't imagine a more childish, economically ignorant answer, and I can't imagine anyone doing more to damage the reputation of economists everywhere. Start over with Econ 101.
Bullshit to Fox News and all these people. FDR won WW2 and helped poor and working class Americans for decades. The free market is a myth and these dupes have bought it hook line and sinker.
I agree with Davidsirota. This is revisionist history. If enough conservatives repeat this lie over and over, eventually the average person may start to think it has merit. The GDP fell for 3 years straight until FDR took office, and then it gradually started rising. It took a long time to recover, but it had fallen really far prior to FDR.
Define "worse". It would have been worse at first, but recovery would have only taken one year, instead of FDR's disastrous stimulus spending which made the Great Depression last 10 years.
The depression of the 1920s ended so quickly because the government stayed out of it and didn't prolong it with stimulus spending, and let the free market correct itself. Stimulus spending is a proven colossal failure.
No, the depression in the 1920s ended so quickly because of a different reason. The entire stock market didn't collapse, along with everyone's pension, paycheck etc. Not to mention the fact a fucking dustbowl happened. Stimulus spending is needed, as markets take too long to fix themselves, when they're as intricate as they are now.
There are 2 variables that the 20s depression had, that the 30s didn't. One, was the cause. It wasn't a massive stock market collapse, that caused everyone to lose investments and their money. And another was the fact a dust bowl just happened in the 30s. Both were caused by two different things, so you wouldn't have the same solution (In this case doing nothing) to the problem.
@CapitalistOverlord Honesty, stimulus spending is such a massive failure that when someone proposes it I cannot help but dye with laughter. In all honestly it's just makes me laugh so much. hahah
Obama should just print one billion dollars for every American and then we'll all be rich! Actually maybe I shouldn't write things like that, he might think it's a good idea...
FDR brought in to a End but all those long list of Republican Presidents were the cause Hoover was in office along with nothing but a list of former presidents frm the Republicans, Well lets talk about Nixon why dnt they attack him and his watergate scandal. There was a recession during his term
I just got finiashed reading a report on how both Hoover and FDR were heavily interventionaist (only FDR is recongnized as such), and interestly enough, Canada again has good banks. No bank failures in the 30s and none today... unlike the US or Europe. I just wish I knew more about the Canadian side... in school all I learn was a from a novel based in Montreal... bleh! The rest was US orientated history.
Umm, then how come we were a much better country in the 1800's economically without the state running everything? Government NEVER made us better, technology and capitalism made us better. And, by the way, there has been only ONE method of government spending that ever caused economic growth. DEFENSE SPENDING. It got us out of the depression and kept most states alive. Now our defense budget is so small compared to all previous years, behind in technology, and in a GOVT inspiried depression
Right heathg2012, they're so worried about our personal liberties with their misnomer of a Patriot Act, and their wiretapping of ordinary Americans phones without warrants even in non-international calls. Conservatives care the least about liberties, unlike LIBERALS, hence the name.
Liberals like you assume ignorantly that people like me are for things like the Patriot Act and such just because I am against increased government control of the economy.
I opposed the Patriot Act when it was implemented, as well as Bush's bailouts, domestic policy, and unprecedented (until recently) spending levels. I also am for legalized Marijuana and gay marriage.
Not everyone sets their positions on party lines, so don't assume things, it can make you look foolish.
I'm pretty sure you'd agree that letting every bank completely collapse to where no one/no business in the country can get a loan for ANYTHING: car, house, business expansion, or most importantly an education - so in other words letting our entire economy come to a complete freeze is a stupid idea as well. This is where govt. needs to step in to stop that from happening. Obviously conservative policy is a sham, if even a right winger like Bush thought it was crap by asking for bailouts.
Bush's Economic policy was hardly what I would call "conservative" in the traditional Milton Friedman sense. On whole I was not a fan.
You must remember a great deal of this economic downturn was caused by extra-market forces, such as forced lending, and irresponsible borrowing, as well as poor financial regulation.
It kills me how everyone all of a sudden has a degree in Economics now that a poor economy is affecting everyone's day-to-day lives.
"When you hear claims that the New Deal made the depression worse, they often come directly or indirectly from the work of Amity Shlaes, whose misleading statistics have been widely disseminated on the right." -- Paul "Unlike Right-Wing Hacks, I Actually Won A Nobel Prize for Economics" Krugman
There are economists with the same standing on the profession as Mr Krugman that would say the New Deal made things worse off.
Also, I would like to point out that he won the Nobel for his works on Trade theory, not for studies on macroeconomics. He is not a macroeconomist, or a economic historian.
(not saying he is right or wrong about the New Deal)
The great question is why are we contuning to listen to the very people who are responsible for the dire straits we are in today?
All the folks at FOX aka GOP TV were hardcore advocates of the very policies, both domestic and foregin that hace resulted in another depression and our dismal standing in the world.
President Obama should do what he has to do and tell the Republicans either support me or get the hell out of the way.
They are going to be obstructionists. Puire and simple.
Obama is not going to help you. Just look at the cabinet he selected and how many times he has lied in his first week. I can't believe how many people are still buying into that shit.
Have you seen the irrefutable proof that the Republicans won the election? Not that it matters who anyone votes for.
If the only way you can communicate is through childish and worn the fuck out schoolyard insults then you might want to turn off the TV for a week or two and stimulate some brain activity. If you then feel the need to talk shit to everyone you are not able to understand then at least you might be able to make up your own original insult.
Until then kindly quit boring me with your Jerry Springer bullshit and maybe take a look at how the districts voted.
You have to be a serious punk to leave rude comments on my personal page just becuse you ran out of arguments.
I do not are to hear anymore proof that you are a gutless, brainwashed slave.
My personal page is for comments from people I know, not pathetic douchebags that need to try to make fun of people to boost their own sense of worth.
Why not go out in the world and get in an argument, or maybe even a fight ya watered down emo nerd panty waste?
Proof that Republicans won the election? hmmmm, please provide your proof.
Obama not doing anything to help us? What about Republicans who want to do "nothing" during this crisis...so committed to "small government" that they wont intervene even in a crisis like this...believing tax cuts for the wealthy will solve everything....sounds like the GOP (greed over people) is not doing anything to help anyone
So you still like Obama. I wonder if you know about the executive order that he passed concerning lobbists. As if it is not bad enough he is misusing the executive order for political reasons.
I wonder if you know about how it took him less than a day to renig on the same order?
I wonder.........
Oh and you can leave me out of any group you are associating me with. I don't need to hear another sheep telling me what he thinks I am.
I can't believe the crap that falls out of peoples mouths. Maybe the New Deal prolonged the great depression by a year or two but you're all missing the point. Thats that FDR ended the depression in the Americans' minds. People can be broke and happy, all we really need is food and shelter. Our belief that we deserve more than we earn is what got us into this problem in the first place. We are the ones who built our society on a foundation of sand so we shouldn't be surprized it crumbled!
does anybody realize that there was no middle class before FDR? It is FDR that started a middle class and the status quo republicans fought him tooth and nail! republicans fuck up everything they touch!
I dont know why right wing people believe infrastructural spending doesnt solve recession.
Pro-tip, look at economies outside the US, they all engage in infrastructural development when recession hits because it makes it EARSIER for business to get their costs down and start generating jobs again. Plus, people are unemployed anyway, why not make them work for their welfare?
Now I understand where the idiots at work are getting this crap. I wondered if they had all been home-schooled or what, but now I see that they've just been watching Faux News. And I thought Americans couldn't get any dumber...
Federal intervention was necessary at that time because there were no jobs; I think it's time Republicans accept this fact and get over their stinging losses to FDR!
I'm a conservative who believes strongly in free enterprise, but I must admit that it was during a Republican administration when the stock market crashed in 1929. Worse, the government chose to stand by and do nothing when millions were losing their homes & jobs. With the economy on the brink of collapse, FDR was finally elected to prevent, not prolong, what was already a Great Depression by using the power of the Federal Government to help the millions of impoverished and unemployed.
Yay!! Keynsianism! What we really need is another massive world war to stimulate things!! Then we could really get this economy going and prime the pump and eliminate unemployment!! Yay!!
I can't believe how bullshit that statement is. Herbert Hoover prolonged the depression! It was the election of FDR and his implementation of the New Deal that dug America out of the Great Depression. How can Fox call themselves a news organization?
The Great Depression lasted until the start of the second world war, which is what actually ended the depression. If you don't deny this, it is nonsensical to say that FDR ended it.
A men brother. The republicans are all about themselves and the hell with the rest of us. They simply use patriotism has a way to insulate themselves from charges of class warfare and self interest instead of national interest....
I've got to say that FDR operated the second most effective propaganda operation this country has ever seen. People like Sirota still believe his baldfaced lies.
FDR was responsible for the persistence of the depression throughout his administration. Hoover turned the market crash into the depression, and Roosevelt continued and increased Hoover's interventionist policies.
The depression didn't end until 1946, when most of the wartime economic controls were abandoned.
Absolutely not true. FDR intervention saved capitalism as we know it. He halted bank failures, created the FDIC to insure money deposited into banks. Without that, the banking system collapses because people lost faith in the system.
He put millions of people back to work who would have otherwise been idle, he saved American farmers from foreclosure.
The biggest piece of propaganda out there are right wing revisionists who say that FDR was bad, yet everytime they run things it turns to s**t.
"FDR intervention saved capitalism as we know it"
One thing you have to say for FDR, is that his propaganda operation was absolutely first-rate. Suckers like you are still buying it, even when the facts of his crimes are known to history.
Someday when you grow up, you might learn that not everyone fits into one of the two boxes in your tiny little mind. It does not follow that because I criticize a president you like, that I must be a supporter of one that you don't like.
If we didn't have FDIC and other FDR capitalism-safeguards in 2008 (even though the Republicans sought to destroy them, especially Social Security), just imagine the destruction that October 2008's economic meltdown would have wrought.
im not saying everything he did was perfect but he did get re-elected by a landslide 60.8% and fox news is lying when they say that there is a majority of economist and historians that say that FDR prolonged the depression, that is the key point
the smooth howley was passed by the congress and signed by Hoover before FDR went to office, my bad, that tariff was a bad idea but the tariff war around the world was there before FDR got there,
This is ridiculous. The "studies" they refer to are merely a report issued by 2 California professors. We accept this and bash global warming, scientific fact accepted by thousands of scientists and researchers?
Oh, Monica, Monica, Monica. I love that right wing organizations do their own studies to come to the conclusions they already held then site them as proof of their ridiculous assertion.
"New Deal Policies and the Persistence of the Great Depression: A General Equilibrium Analysis," by UCLA economists Harold L. Cole and Lee E. Ohanian.
"Regime Uncertainty: Why the Great Depression Lasted So Long and Why Prosperity Returned After the War," by Robert Higgs. The Independent Review, Spring 1997.
"Wartime Prosperity? A Reassessment of the Wartime Economy of the 1940s," by Robert Higgs. Journal of Economic History, March 1992
See: "The New Deal Debunked (again)" by Thomas J. DiLorenzo on the Mises site.
Government blew up this bubble with price setting of interest rates through the Fed. More inflation will not cure the economy. Government expenditure is waste production.
I suggest you read Murray Rothbard's America's Great Depression which is free online. Study up Sirota.
There isn't only Keynesian's and Monetarists out there.
This suprises you why? Why did you go on Fox at all? You're only providing them with a token liberal to mock. Everybody with any integrity should boycott Fox as a hollow sham of a news organisation. Let them keep their blond airheads to spew vitriol at each other. Then it might get more 'fair and balanced'.
Its funny how liberals like to skip questions about there failed policies in the past by making it a right wing talking point. Hey buddy do you research it was the war that got us out of the depression government only makes things worse.
That's right... I forgot that you are the authority of all that which is true. I apologize. I'll step aside and make more room for your ego, now. I'm sure others are begging to hear more from you, oh wise one.
There was nothing to refute. You brought nothing to the table. You gave only your opinion, citing no facts. There's no point in refuting a personal opinion. I agree that what you believe is clearly what you believe. I still disagree with your opinion. I resorted to no personal insults. I did display sarcasm, but there are no rules against sarcasm when it is in response to unreasonableness.
I can't agree more that you truly believe what you believe. I just don't find you credible.
Here's another point. Unemployment dropped from near 25% to under 15% under FDR under biased, conservative statistics that don't include Works Progress Administration (WPA) workers. Since the WPA was the biggest federal employment program instituted in the New Deal, not counting them makes no sense. When we count them, Professor Michael Darby estimates that unemployment actually dropped from near 25% in 1932 to 9.5% by 1940. Considering what FDR inherited from Hoover, that's impressive.
If you are using unemployment numbers as a metric for whether the depression is getting better or worse, it makes no sense to include WPA workers as part of the employed. They may have needed the WPA because of the depression, but the depression doesn't go away just because the WPA exists.
Clearly, some of you people have been brainwashed by the Fixed News. The only study I saw on the matter, done with biased methodology (an unbalanced scale) that intended to make FDR look bad, still found that 74% of historians and 51% of economists disagree with the notion that FDR prolonged the Depression. So Fox News is flat out lying when they say that the majority of historians agree with their presumption. GDP expanded by a whopping 63.5% between 1933 and 1940 before the war.
im getting my masters in Economics from UCSB right now, i have never heard any economist or read any book that said that FDR's spending prolonged the Great Depression
ive read economics books for the last five years, i talk to my professors every day, they agree that government acted correctly to provide a counter weight to the bad economy, your just talking out of you ass, im even a TA for an Economic growth class that talks about the great depression, who are you some guy who repeats the news on his youtube page, real original,
roosevelt never rose taxes before the war but he and congress rose them after the war to fund the fight over seas, your right that tarriff was a bad idea, and FDR offered subsidies and bought crops from struggling farmers that had no means of shipping it anywhere due to lack of credit and distributed to the necessary areas on the countries, he also offered subsidies to farmers to farm less because of the depression in agricultural prices,
So what if the New Deal didn't finish the job of ending the Great Depression. Without FDR's New Deal creation of government Corporations, Agencies, Acts, and Departments millions more people would have suffered homelessness, hunger, poverty, and despair. IMO there would have been a revolution by the poor if FDR did nothing. Remember the words of Will Rogers, "Ten men in our country could buy the whole world and ten million can't buy enough to eat." Rich get...Poor get... FDR cared and acted!
Explain how the government jobs help the nation? Guess how they pay government employess, with taxes. Taxes that put more people in the private sector out of work and hurts everyone else who still making an income. FDR has to thank the Japanese for our prosperity.
The private sector's creating jobs had ground to nearly a standstill during the Great Depression. The private sector was abusing the common workers. Wages were abysmally low. Millions of unemployed people got a job, a paycheck, and some self-respect through New Deal programs like the CCC, PWA, CWA, and NYA. The NYA provided job training, part-time jobs and financial aid for education to those who couldn't afford it. The Wagner Act & Fair Labor Standards Act helped the workers rise!
Sirota is a moron. Um, price controls, our bankrupt Social Security, farm subsidies, and his internment of the Japanese...ya that makes him the savior of the GD and best President, ever!
Read a book, Sirota. Government intervention prolonged it. The government has no food. They have no jobs. They can only spend money and drive us all further into debt.
And you want more than a trillion for the new bailout? Where's that coming from? It's just further debasement of our currency.
By law we pay interest on the money we print, funny how we are bailing out the banks we owe 10 trillion dollars to. The only way out of debt is by reforming our banking laws.
Notice the bank building is the largest building in your city.
The only way out of debt is to stop deficit spending and work toward a surplus. Then use the surplus to pay down debt. It works for families, companies, state and federal governments. Yet all of these morons say that the US must deficit spend. That's what got us into this trouble in the first place.
FDR prolonged the great depression... and Hoover got us out of it. This according to the backwards thinking, Bush-supporting, right wing nuts. lol i just hope Obama is as bad as FDR and not as good as Bush..
Good one, yes the right wing nuts are trying to rewrite history once again, even as America is seeing through their self serving ways, government does not work, because we broke it to prove it to you.
Actually Hoover and FDR used the same tactics to get us out of the Depression. FDR just did a lot more. They both spent your taxpayer money the way the special interest of the day wanted, had a negative effect and prolonged the Depression by directing money to the least productive, took photo ops to show how good they were doing, and created share the wealth programs that is sucking money out of the system even today. Sound familiar? Yea lets do the same thing and expect a different result.
"Unemployment and everything else" didn't change during FDR's term? Whether you support the New Deal or not, you have to acknowledge that it did do at least some good.
To say that the New Deal did nothing for unemployment would be to deny reality.
It made the situation much worse. It heavily taxed people who could have hired the unemployed and subsidized industries that were too expensive for the poor to afford.
Absolutely not. This is republican revisionism. FDR was extremely successful and won his first two terms based on economic success and the next two based on his success conducting the war.
The same Republiucans who trash FDR are the same ones who praised Reagan-omics and the Bush economic package, which have resulted in a huge economic collapse.
The Republicans have been trying to tear down FDR for decades and their right wing think tanks and still haven't be able to do it..
He won re election because the numbers prove success, something republicans really hate. Unemployment was down, and wall streets numbers tripled under FDR.
Its amazing how republicans are supposed to be intelligent when it comes to economic policy but how they fail so miserbly when they actually in act it.
Historically Democrats have proven to be better at running the economy, while repoublicans have proven to be inept.All these right wingers are now running away from the last eight years.
The fact that the Democrats won an election has absolutely zero correlation regarding the success of FDR.
I could be elected as President, and hire 25% of the population to digg ditches, and have 26% fill the ditches up, and then get those digg ditchers to vote for me.
This entire economic mess we are in right now is caused by Democratic policy including Freddie Mac and Fannie Mae. 100% of it.
You have absolutely no idea what the fuck you are saying! The New Deal policies did everything needed to be done to jump start an economy. Created jobs, increased consumer spending, encouraged investment, transformed industry, decreased disparity of wealth etc. Stop overriding history with your ideology!
Welcome to 1984 everybody. This is the most obvious example of Fox News outright lies ive heard yet.
GnomesAmok 5 months ago
Unemployment March 1933 was 24.8%
Unemployment December 1941 was 14.4%
MsZeitgeist85 6 months ago
I hate Fox News.
follownicholas 7 months ago
what historians?that has got to be the biggest revisionist piece of shit ive heard.
whoever thinks fdr extended the depression needs to read a history book. you ppl cant except the fact that horse and sparrow reaganonics just dosent work. this has been proven time and time again by just about every reputable economist.why cant you republican facsist idiots accept it.
jelisa46 8 months ago
@jelisa46
LOL? This has nothing to do with reaganomics. This has everything to do with socialism, Keynesianism, and fake history being taught in school.
There is no DOUBT that FDR prolonged the depression with his attempts to spend his way out of it.
SeppLainer 8 months ago
DUMBASSES!
bryanpeace121 8 months ago
Fox is a wonderful source for truthful news. Anything they say, I simply think the opposite ;)
RedSandStudios 11 months ago
All these idiots trying to smear and libel FDR are a gaggle of reactionary lapdogs from fake, pseudo intellectual "libertarian" institutes. Somehow these guys don't think that the speculators the got people into the crisis are a problem but the guy that got the US out is? Interesting.
FDR had a 70 percent approval rating. Why do you think that is? Eh, cause he made the depression worse? Really?
gosciu555 1 year ago
@gosciu555 Ok, to correct the record, Hoover started many of the New Deal programs, FDR expanded them. While relief and make work made things seem better it was not. Hoover killed any hopes of economic recovery by raising taxes & tariffs to keep a balanced budget while dramatically increasing Federal spending for relief programs.
ForzaJersey 9 months ago
@gosciu555 The Depression was prolonged by Hoover and then FDR by constant regulatory maneuvering that created economic uncertainty. This made business planning impossible. You will not hire people if you do not know if there will be greater demand for your products or services or that new taxes or regulations will create new yet unknown burdens to your business. This is why unemployment remained high until WW2.
ForzaJersey 9 months ago
@gosciu555 FDR was very popular although not at 70% because he was charismatic, he was well spoken, he had a largely lapdog press, and he sure seemed like he was doing a lot to help the country get out of the Great Depression. FDR was fortunate that the economic stabilized for much of his first 8 years so things generally were not getting worse per say.
ForzaJersey 9 months ago
@gosciu555 FDR tried to do his best. Unfortunately it just wasn't enough. Even WW2 did not end the crisis. We sent millions of men overseas to end high unemployment and the GDP rose due to a massive expansion of the money supply. The Depression only ended after the economic uncertainty of Hoover and FDR ended with Truman. The post-war property was a combo of stable economic policy and our competitors in Europe and Asia were in ruins.
ForzaJersey 9 months ago
yeah, FDR should have just let the poor and those displaced by the dustbowl starve to death, that way the wealthy wouldn't have to feel any level of responsibility.
sciencedoggy 1 year ago
Thomas Sowell, among many others, has shown that FDR prolonged the great depression. He provides solid, economic evidence in several of his books.
DarthMaul8065 1 year ago
Only Fox could turn one of the greatest presidents that ever serve this country into a villain. Yet they think Bush W was an Einstein. What a joke.
nolaeast 1 year ago
Neither legitimate historians nor legitimate economists believe that FDR did anything to prolong the Great Depression. FOX is not real, those who believe in it are living in delusion. Four on, the FDR prolonged the depression lie was started by the Ayn Rand psychopaths and picked up by the droolers of the GOP right. There has never been any historical or economic evidence that FDR did anything but save this country's ass.
MiserableOldFart 1 year ago
Perhaps they meant to say the Hoover administration? No one with half a brain could look at the statistics, and the numbers after FDR employed his relief, recovery, and reform and think things actually got worse...I know several economic experts as well as historians who would beg to differ with the uneducated and ignorant pundits on FOX News.
peaceandmetal88 1 year ago
@peaceandmetal88 newsroom(.)ucla(.)edu/portal/ucla/FDR-s-Policies-Prolonged-Depression-5409(.)aspx
Ok wiseguy, UCLA professors saying FDR was crap good enough for you?
There you go, exhaustive analysis of the statistics that clearly demonstrate FDR prolonged the Great Depression by seven plus years with his policies.
bigboss686 1 year ago 10
@bigboss686 Saying FDR was crap is definitely not "good enough" for me. I'd actually like to see some true analysis. I don't know where you get your numbers, but if you look at GDP growth and decline from before and after 1929, the market fell so low after Hoover's administration, that it took several years to climb back out of the hole. Think of it like a hiker falling off a summit, and then trying to climb his way back to the top again. That's a more realistic comparison.
peaceandmetal88 1 year ago
@peaceandmetal88 Well, good thing you didn't read the link then isn't it, after all the many facts and evidence clearly show your incorrect. The best thing you can possibly do is ignore them as you've done here.
BTW GDP is one of the worst possible ways to measure whether or not an economy is improving, one could manufacture bombs an blow them up, that would raise GDP, although it accomplishes nothing in terms of societal/economical improvement. That's why the French don't use it as a measure
bigboss686 1 year ago 8
@bigboss686
Youre a fucking moron, GDP determines the amount of manufacturing going on, hence the amount of jobs being done, hence employment, and a million other things. GDP is an important measurement because it determines whether or not you're IN a recession. Productivity in America has nearly CEASED. It is hugely important. You're a liar and a distortionist and you should be hung.
GnomesAmok 5 months ago
@bigboss686
Complete lies. Your so called "professors" don't have a political agenda? Lolz. Believe me, I've been to a "modern college" even a more fancy one then UCLA, and the professors are a bunch of died in the wool *reactionaries.* All politics after WW2 is one big continuous reaction to the New Deal. The New Deal had some mistakes but overall it was a huge stunning success.
When was the last time the Us had full employment? Thats right, 1941. So shut it.
gosciu555 1 year ago
@gosciu555 LOL a piece of fruit has an IQ higher than you. The statistical evidence by UCLA is beyond reproach, too bad for you. As far as 1941, you're an ignoramus completely ignorant of history. lostrepublic(.)us/archives/3521 That link destroys your nonsense about the 1940's. as far as your idiocy about FDR's approval rating is concerned, I will again destroy you with this fee(.)org/nff/three-myths-of-the-great-depression/ when you communism addled brain gets out of preschool, let me knowLOL
bigboss686 1 year ago 4
@bigboss686
UC historian Eric Rauchway: "Excepting 1937-1938, unemployment fell each year of Roosevelt's first two terms. In part, the jobs came from Washington, which directly employed as many as 3.6 million people to build roads, bridges, ports, airports, stadiums, and schools -- as well as, of course, to paint murals and stage plays. But new jobs also came from the private sector, where manufacturing work increased apace. This basic fact is clear
GnomesAmok 5 months ago
@GnomesAmok Seriously? Your argument is that so long as we ignore 37-38, everything was rosy and terrific, that is so absurd. It's laughable.
I already posted tons of information destroying this but I'll deal with your assertion. 37-38 are the result of the structural flaws of his policies coming to fruition. at best, it proves that his policies are good for only a couple years before they re-collapse the economy, leading to perpetual depression.
As I demonstrated before, FDR= abject failure
bigboss686 5 months ago 3
@bigboss686
You havn't demonstrated anything and your ad-hominem bullshit doesn't help your case either. This may be the internet, but c'mon pal, show a little class if you're going to fail miserably like the crypto-fascist piece of Nazi dogshit that you are. Quoting only 37-38 is your argument, not mine. My argument is SIMPLE and based on HARD EVIDENCE: "The most important thing to know about Roosevelt's economics is that, despite claims to the contrary.." (cont)
GnomesAmok 5 months ago
@bigboss686
"...the economy recovered during the New Deal. During Roosevelt's first two terms, the U.S. economy grew at average annual growth rates of 9 percent to 10 percent, with the exception of the recession year of 1937-1938.."
"By 1937 things were a lot better than they were in 1933. Then [FDR was persuaded to balance the budget or try to and he raised taxes and cut spending and the economy went back down again and then it took an enormous public works program (WORLD WAR II)"
GnomesAmok 5 months ago
@GnomesAmok LMAO hard evidence? That's so dishonest. Your argument about 37 is a joke, the vast majority of "cuts" where salary reductions to fed employees. Spending on the WPA, for example, which was FDR’s road program, declined after election, didn’t need the votes the next year. Spending only dropped 0.7% of GDP between 36-37. Both of those years accumulated huge deficits, but 1937 had that small spending decline. You believe a 0.7% spending cut increased in unemployment in 38? LOOOOL
bigboss686 5 months ago
@bigboss686
" U.S. economy grew at average annual growth rates of 9 percent to 10 percent."
Explain. Go ahead, explain how a dead in the water economy grew 10% a year. I mean, honestly, do you even know anything about monetary or fiscal policy? Keynesian economics? Here's a speech you should listen to: /watch?v=3nuElu-ipTQ&feature=related
"For the past 10 years America has suffered a know nothing, hear nothing, DO NOTHING government". Roosevelt was right then and hes right now.
GnomesAmok 5 months ago
@GnomesAmok 9% or 50%, who cares? It was UNSUSTAINABLE. You want to pretend 36-37 didn't exist, but it did an it negates pre-existing growth. In 37 FDR increased corporate tax an the effects of the Wagner Act sparked widespread strikes an unionizing of the nation’s auto plants in 37-38 The resulting strikes/wage hikes increased costs of business beyond which employers could hire workers or sell their expensive cars. Unemployment rose and the U.S. went into a depression within a depression.
bigboss686 5 months ago
@bigboss686
Obviously not! Haha, listen man, you're deluded.
GnomesAmok 5 months ago
@GnomesAmok Obviously so, unless you really think that of your absurd assertion about a 0.7% spending decrease. History shows hundreds of instances where the government cut spending by more an no depression happened, consequently history also shows that when you massively increase taxes and massively artificially inflate salaries. Economies turned to rubble. Only an idiot would say that the president who presided over the worst economic depression in American history was an economic genius LOL
bigboss686 5 months ago
For those of you that are interested in hearing some truth, try
Democracy Now because you won't hear it on fox.
GreggTheEgg 1 year ago
FDR didn't prolonge the depression. "It's not in the Books"
oTRAGICo 1 year ago
It's a lie? The idea that FDR prolonged the depression has been proposed for a long time, and its pretty well evidenced. Is it a lie because FOX NEWS said so? Obviously progressives are either to stupid or to lazy to look at the other side in any issue, most of them don't know who Hayek or Mises are. Maybe you don't know what "priming the pump" is. Or false GDP growth, or a bubble up economy, or counter cyclical monetary policy. You should look up the other side before being a sheep
FourOnSix713 1 year ago
look at these crazy bitch. what the hell....
franklin delano roosevelt was the best president these nation ever had.
and now there saying he never fix the great depresion...these economy is in the floor by fools.. like here and bush......
nevillegermany1993 1 year ago
It is a lie that he didnt lol. Read some fuckin rothbard and gain some sense.
oJKBo 1 year ago
All these Fox News anchors do is laugh at whoever they're debating with and act like they one the argument.
It's so childish.
jgood911 1 year ago
sirota, I'm convinced you're the only person who could possible be so god damn stupid as to make a woman from Fox news actually look credible (though she's not). Remind me how the keynesians fixed the 70s stagflation again? Why couldn't we just spend our way out of that one? I can't imagine a more childish, economically ignorant answer, and I can't imagine anyone doing more to damage the reputation of economists everywhere. Start over with Econ 101.
epilp88 1 year ago
Wait do I 'dislike' this cuz' this is ridiculous?
Or do I 'like' this because this is further proof that FOX is retarded?
freshandlegal 1 year ago 3
This has been flagged as spam show
Bullshit to Fox News and all these people. FDR won WW2 and helped poor and working class Americans for decades. The free market is a myth and these dupes have bought it hook line and sinker.
GrindcoreJihad 1 year ago
Comment removed
GrindcoreJihad 1 year ago
Watch my video
watch?v=j7I_eFoIk64
It's about earth shift. Earth shift: One huge continent became 2 continents, then 5 (or 6) and then?
fridaysabtu 1 year ago
I agree with Davidsirota. This is revisionist history. If enough conservatives repeat this lie over and over, eventually the average person may start to think it has merit. The GDP fell for 3 years straight until FDR took office, and then it gradually started rising. It took a long time to recover, but it had fallen really far prior to FDR.
BatesAndrewJ 2 years ago 3
Had FDR done nothing, the economy would have only gotten worse.
CapitalistOverlord 2 years ago 2
Define "worse". It would have been worse at first, but recovery would have only taken one year, instead of FDR's disastrous stimulus spending which made the Great Depression last 10 years.
The depression of the 1920s ended so quickly because the government stayed out of it and didn't prolong it with stimulus spending, and let the free market correct itself. Stimulus spending is a proven colossal failure.
brainstewX 2 years ago
No, the depression in the 1920s ended so quickly because of a different reason. The entire stock market didn't collapse, along with everyone's pension, paycheck etc. Not to mention the fact a fucking dustbowl happened. Stimulus spending is needed, as markets take too long to fix themselves, when they're as intricate as they are now.
CapitalistOverlord 1 year ago
How do you know?
He took office after the best year in the stock market history?
Did you know this?
The best year, best 3 years, and best five years in history for the stock market were during the 30's.
Now if FDR helped anything why did we get the double dip in 37 and why did it take a WWII+ some years to fully recover?
We had the unknown depression in the 20's and it only lasted about 24 months.
If gov had tried to prop that economy up with spending, would it have lasted longer too?
bkdmd 1 year ago
There are 2 variables that the 20s depression had, that the 30s didn't. One, was the cause. It wasn't a massive stock market collapse, that caused everyone to lose investments and their money. And another was the fact a dust bowl just happened in the 30s. Both were caused by two different things, so you wouldn't have the same solution (In this case doing nothing) to the problem.
CapitalistOverlord 1 year ago
@CapitalistOverlord Honesty, stimulus spending is such a massive failure that when someone proposes it I cannot help but dye with laughter. In all honestly it's just makes me laugh so much. hahah
AmadeusStatisitician 1 year ago
Obama should just print one billion dollars for every American and then we'll all be rich! Actually maybe I shouldn't write things like that, he might think it's a good idea...
brainstewX 2 years ago
That's called hyper-inflation.
CapitalistOverlord 2 years ago
Deficit Spending is what got us into this trouble in the first place.
soicuw 2 years ago
Fox News Tells The Truth! A+++++
NOBULLSPIN 2 years ago
"It's in the books"
God I hate that Fox News reporter - you can get youtube videos full of his right-wing propaganda smears.
jhille85 2 years ago
david sirota is the personification of the broken window fallacy
DominationCorp 2 years ago
FDR was the best!
killerslick 2 years ago
"it's in books."
brilliant stuff. historians also unanimously agree FDR is one of the top 3 Presidents of all time. what say you, FOX?
wbrown4 2 years ago 3
FDR brought in to a End but all those long list of Republican Presidents were the cause Hoover was in office along with nothing but a list of former presidents frm the Republicans, Well lets talk about Nixon why dnt they attack him and his watergate scandal. There was a recession during his term
boxingfan44 2 years ago
That woman is an idiot. She doesn't know anything, clearly. What exactly was she doing on television? I don't know anything. Can I go on TV too?
lis357 2 years ago 2
That woman is crazy
Triodotdotdot 2 years ago 3
There is no consensus on that. Some argue that FDR prolonged the Great Depression, while some argue the opposite.
lockedesu 2 years ago
Greg Jarrett needs to be SLAPPED.
rakrobn 2 years ago
It is in fact a lie that most historians agree that FDR prolonged the Great Depression.
However, it's also a fact that FDR prolonged the Great Depression, regardless of what "most" "historians" "agree" on.
SugarKowalczyk88 2 years ago
David Sirota is a retard. Damn Populist.
I just got finiashed reading a report on how both Hoover and FDR were heavily interventionaist (only FDR is recongnized as such), and interestly enough, Canada again has good banks. No bank failures in the 30s and none today... unlike the US or Europe. I just wish I knew more about the Canadian side... in school all I learn was a from a novel based in Montreal... bleh! The rest was US orientated history.
motina10 2 years ago
lol rediculous!
shadowmasterd 2 years ago
THanks for posting and defending FDR David. I really don't understand what the right wing conservatives want to achieve by disputing history.
jarjarbinx79 2 years ago
The right wing conservatives don't understand that the state can fix all our problems. They are too worried with their personal liberties.
heathg2012 2 years ago
Umm, then how come we were a much better country in the 1800's economically without the state running everything? Government NEVER made us better, technology and capitalism made us better. And, by the way, there has been only ONE method of government spending that ever caused economic growth. DEFENSE SPENDING. It got us out of the depression and kept most states alive. Now our defense budget is so small compared to all previous years, behind in technology, and in a GOVT inspiried depression
usmc7242 2 years ago
Right heathg2012, they're so worried about our personal liberties with their misnomer of a Patriot Act, and their wiretapping of ordinary Americans phones without warrants even in non-international calls. Conservatives care the least about liberties, unlike LIBERALS, hence the name.
rakrobn 2 years ago
Liberals like you assume ignorantly that people like me are for things like the Patriot Act and such just because I am against increased government control of the economy.
I opposed the Patriot Act when it was implemented, as well as Bush's bailouts, domestic policy, and unprecedented (until recently) spending levels. I also am for legalized Marijuana and gay marriage.
Not everyone sets their positions on party lines, so don't assume things, it can make you look foolish.
heathg2012 2 years ago 2
I'm pretty sure you'd agree that letting every bank completely collapse to where no one/no business in the country can get a loan for ANYTHING: car, house, business expansion, or most importantly an education - so in other words letting our entire economy come to a complete freeze is a stupid idea as well. This is where govt. needs to step in to stop that from happening. Obviously conservative policy is a sham, if even a right winger like Bush thought it was crap by asking for bailouts.
rakrobn 2 years ago
Bush's Economic policy was hardly what I would call "conservative" in the traditional Milton Friedman sense. On whole I was not a fan.
You must remember a great deal of this economic downturn was caused by extra-market forces, such as forced lending, and irresponsible borrowing, as well as poor financial regulation.
It kills me how everyone all of a sudden has a degree in Economics now that a poor economy is affecting everyone's day-to-day lives.
heathg2012 2 years ago
you're a libertarian.
KeViNNN 2 years ago
The Great Depression lasted from from 1929 to 1940. That's 11 years. There is no way to spin that in a positive way...
QuickLister27 2 years ago 4
Haha
DonnyDipshit blocked me.
Truth hurts don't it slave boy?
LastCynicStanding 3 years ago
What the hell happened? Did the Fox News anchor say "Happy Holiday"? Where is O'Reilly to denouce that?
nyguy 3 years ago
"When you hear claims that the New Deal made the depression worse, they often come directly or indirectly from the work of Amity Shlaes, whose misleading statistics have been widely disseminated on the right." -- Paul "Unlike Right-Wing Hacks, I Actually Won A Nobel Prize for Economics" Krugman
mhirtes12 3 years ago
There are economists with the same standing on the profession as Mr Krugman that would say the New Deal made things worse off.
Also, I would like to point out that he won the Nobel for his works on Trade theory, not for studies on macroeconomics. He is not a macroeconomist, or a economic historian.
(not saying he is right or wrong about the New Deal)
lockedesu 2 years ago
The point is that rightwingers suck when it comes to historical revisionism, no matter how much fact there is to prove them wrong.
Hell, they even demand that the Earth is only 6000 years old, fer cryin' out loud!
mhirtes12 2 years ago 3
FDR lowered the unemployment rate from 25% to 9% just before the US entered WWII.
plpfctn2007 3 years ago 2
The great question is why are we contuning to listen to the very people who are responsible for the dire straits we are in today?
All the folks at FOX aka GOP TV were hardcore advocates of the very policies, both domestic and foregin that hace resulted in another depression and our dismal standing in the world.
President Obama should do what he has to do and tell the Republicans either support me or get the hell out of the way.
They are going to be obstructionists. Puire and simple.
MrMojoRisinII 3 years ago
Erm..
Obama is not going to help you. Just look at the cabinet he selected and how many times he has lied in his first week. I can't believe how many people are still buying into that shit.
Have you seen the irrefutable proof that the Republicans won the election? Not that it matters who anyone votes for.
Wake up
LastCynicStanding 3 years ago
Republicans won the election? Whatever your smoking its gotta be good shit
JonnieDarko69 3 years ago
If the only way you can communicate is through childish and worn the fuck out schoolyard insults then you might want to turn off the TV for a week or two and stimulate some brain activity. If you then feel the need to talk shit to everyone you are not able to understand then at least you might be able to make up your own original insult.
Until then kindly quit boring me with your Jerry Springer bullshit and maybe take a look at how the districts voted.
LastCynicStanding 3 years ago
You have to be a serious punk to leave rude comments on my personal page just becuse you ran out of arguments.
I do not are to hear anymore proof that you are a gutless, brainwashed slave.
My personal page is for comments from people I know, not pathetic douchebags that need to try to make fun of people to boost their own sense of worth.
Why not go out in the world and get in an argument, or maybe even a fight ya watered down emo nerd panty waste?
Either way STFU and piss off.
LastCynicStanding 3 years ago
Proof that Republicans won the election? hmmmm, please provide your proof.
Obama not doing anything to help us? What about Republicans who want to do "nothing" during this crisis...so committed to "small government" that they wont intervene even in a crisis like this...believing tax cuts for the wealthy will solve everything....sounds like the GOP (greed over people) is not doing anything to help anyone
SquaddddUp 3 years ago
Look at how the districts voted, like I said.
So you still like Obama. I wonder if you know about the executive order that he passed concerning lobbists. As if it is not bad enough he is misusing the executive order for political reasons.
I wonder if you know about how it took him less than a day to renig on the same order?
I wonder.........
Oh and you can leave me out of any group you are associating me with. I don't need to hear another sheep telling me what he thinks I am.
LastCynicStanding 3 years ago
see the boogieman movie... and the movie WHY WE FIGHT!
scottsway 3 years ago
I can't believe the crap that falls out of peoples mouths. Maybe the New Deal prolonged the great depression by a year or two but you're all missing the point. Thats that FDR ended the depression in the Americans' minds. People can be broke and happy, all we really need is food and shelter. Our belief that we deserve more than we earn is what got us into this problem in the first place. We are the ones who built our society on a foundation of sand so we shouldn't be surprized it crumbled!
earstohear12 3 years ago
does anybody realize that there was no middle class before FDR? It is FDR that started a middle class and the status quo republicans fought him tooth and nail! republicans fuck up everything they touch!
scottsway 3 years ago
I dont know why right wing people believe infrastructural spending doesnt solve recession.
Pro-tip, look at economies outside the US, they all engage in infrastructural development when recession hits because it makes it EARSIER for business to get their costs down and start generating jobs again. Plus, people are unemployed anyway, why not make them work for their welfare?
truemonolith 3 years ago
Now I understand where the idiots at work are getting this crap. I wondered if they had all been home-schooled or what, but now I see that they've just been watching Faux News. And I thought Americans couldn't get any dumber...
JoyannaGreen 3 years ago
Federal intervention was necessary at that time because there were no jobs; I think it's time Republicans accept this fact and get over their stinging losses to FDR!
Salsa23PR 3 years ago
I'm a conservative who believes strongly in free enterprise, but I must admit that it was during a Republican administration when the stock market crashed in 1929. Worse, the government chose to stand by and do nothing when millions were losing their homes & jobs. With the economy on the brink of collapse, FDR was finally elected to prevent, not prolong, what was already a Great Depression by using the power of the Federal Government to help the millions of impoverished and unemployed.
Salsa23PR 3 years ago 2
Yay!! Keynsianism! What we really need is another massive world war to stimulate things!! Then we could really get this economy going and prime the pump and eliminate unemployment!! Yay!!
pholland 3 years ago
I can't believe how bullshit that statement is. Herbert Hoover prolonged the depression! It was the election of FDR and his implementation of the New Deal that dug America out of the Great Depression. How can Fox call themselves a news organization?
jamesreid021 3 years ago 2
The Great Depression lasted until the start of the second world war, which is what actually ended the depression. If you don't deny this, it is nonsensical to say that FDR ended it.
foolcow1976 2 years ago
A men brother. The republicans are all about themselves and the hell with the rest of us. They simply use patriotism has a way to insulate themselves from charges of class warfare and self interest instead of national interest....
MrMojoRisinII 3 years ago
Haha, wow, that is absolutely ridiculous and a right-wing talking point.
robcamps3890 3 years ago 2
The republicans insist that if they keep saying it, people wil believe its true. Like "Saddam had weapons of mass destruction"....
MrMojoRisinII 3 years ago 2
I've got to say that FDR operated the second most effective propaganda operation this country has ever seen. People like Sirota still believe his baldfaced lies.
FDR was responsible for the persistence of the depression throughout his administration. Hoover turned the market crash into the depression, and Roosevelt continued and increased Hoover's interventionist policies.
The depression didn't end until 1946, when most of the wartime economic controls were abandoned.
-jcr
NSResponder 3 years ago
Absolutely not true. FDR intervention saved capitalism as we know it. He halted bank failures, created the FDIC to insure money deposited into banks. Without that, the banking system collapses because people lost faith in the system.
He put millions of people back to work who would have otherwise been idle, he saved American farmers from foreclosure.
The biggest piece of propaganda out there are right wing revisionists who say that FDR was bad, yet everytime they run things it turns to s**t.
MrMojoRisinII 3 years ago
"FDR intervention saved capitalism as we know it"
One thing you have to say for FDR, is that his propaganda operation was absolutely first-rate. Suckers like you are still buying it, even when the facts of his crimes are known to history.
-jcr
NSResponder 3 years ago
So FDR has crimes and Bush doesn't right? Now you know why the GOP and conservatives are out of power and will be for a LONG time.
rakrobn 2 years ago
"So FDR has crimes and Bush doesn't right?"
Someday when you grow up, you might learn that not everyone fits into one of the two boxes in your tiny little mind. It does not follow that because I criticize a president you like, that I must be a supporter of one that you don't like.
-jcr
NSResponder 2 years ago
The fact that you think FDR "committed" crimes, makes you a dumbass.
rakrobn 2 years ago
"you think FDR "committed" crimes, "
It's in the history books, sunshine. Look up who Korematsu was.
-jcr
NSResponder 2 years ago
President can't do anything without Congress dumbass. Congress makes the laws, not the President. You're as dumb as Monica Crowley.
rakrobn 2 years ago
If we didn't have FDIC and other FDR capitalism-safeguards in 2008 (even though the Republicans sought to destroy them, especially Social Security), just imagine the destruction that October 2008's economic meltdown would have wrought.
neurotracker 3 years ago
Our economy was destroyed in October. The bailout was like putting a band-aid on a cancer and hoping it goes away.
HowTheWorldWorks 3 years ago
yes king george and his stupid fuckin cronies fucked up everything! roll back the reagon tax cuts, end free trade, end the war....it is real simple!
scottsway 3 years ago
Fox News lies again.
eelzen 3 years ago
im not saying everything he did was perfect but he did get re-elected by a landslide 60.8% and fox news is lying when they say that there is a majority of economist and historians that say that FDR prolonged the depression, that is the key point
mexprince1 3 years ago
The fact that he was re-elected is irrelevant to whether or not what he was doing was actually hurting people.
It is part of the "do something" disease that we are experiencing right now.
And most economists certainly believe that FDR prolonged the great depression.
HowTheWorldWorks 3 years ago
the smooth howley was passed by the congress and signed by Hoover before FDR went to office, my bad, that tariff was a bad idea but the tariff war around the world was there before FDR got there,
mexprince1 3 years ago
This is ridiculous. The "studies" they refer to are merely a report issued by 2 California professors. We accept this and bash global warming, scientific fact accepted by thousands of scientists and researchers?
GetPolitical1 3 years ago
Oh, Monica, Monica, Monica. I love that right wing organizations do their own studies to come to the conclusions they already held then site them as proof of their ridiculous assertion.
SpanishForkOutcast 3 years ago 2
The New Deal DID NOT WORK! Sirota is wrong.
"New Deal Policies and the Persistence of the Great Depression: A General Equilibrium Analysis," by UCLA economists Harold L. Cole and Lee E. Ohanian.
"Regime Uncertainty: Why the Great Depression Lasted So Long and Why Prosperity Returned After the War," by Robert Higgs. The Independent Review, Spring 1997.
"Wartime Prosperity? A Reassessment of the Wartime Economy of the 1940s," by Robert Higgs. Journal of Economic History, March 1992
corymd3470 3 years ago
See: "The New Deal Debunked (again)" by Thomas J. DiLorenzo on the Mises site.
Government blew up this bubble with price setting of interest rates through the Fed. More inflation will not cure the economy. Government expenditure is waste production.
I suggest you read Murray Rothbard's America's Great Depression which is free online. Study up Sirota.
There isn't only Keynesian's and Monetarists out there.
corymd3470 3 years ago
I suggest Sirota watch "Peter Schiff Schools Mainstream Econohacks on Great Depression."
Peter actually predicted the current crisis and knows what he is talking about.
I would like to see Sirota debate him.
corymd3470 3 years ago
Watch Dan Mitchell's video "Keynesian Economics Is Wrong: Bigger Gov't Is Not Stimulus"
corymd3470 3 years ago
This suprises you why? Why did you go on Fox at all? You're only providing them with a token liberal to mock. Everybody with any integrity should boycott Fox as a hollow sham of a news organisation. Let them keep their blond airheads to spew vitriol at each other. Then it might get more 'fair and balanced'.
freemind13 3 years ago
I actually like that idea. Fox is not to be trusted and makes all liberals look like egotists.
awreslr2 3 years ago 2
He has a book to pimp so he had to go on Faux to pimp it to the picture reading crowd that makes up their audience....
fromdabak 3 years ago
Its funny how liberals like to skip questions about there failed policies in the past by making it a right wing talking point. Hey buddy do you research it was the war that got us out of the depression government only makes things worse.
jp3711nc1 3 years ago
Answers:
1. FDR's actions prolonged the depression.
2. The Holohoax never happened. It's a morbid fantasie.
3. We did land on the moon.
klepzo 3 years ago
Saying that FDR prolonged the great depression is akin to saying the Holocaust never really happened or that we never really landed on the moon.
BIGELLOW 3 years ago
How?
phvalue323 3 years ago
No, because the first statement is true, and the other two are false.
foolcow1976 2 years ago
That's right... I forgot that you are the authority of all that which is true. I apologize. I'll step aside and make more room for your ego, now. I'm sure others are begging to hear more from you, oh wise one.
BIGELLOW 2 years ago
I notice that you didn't refute me. Presumably that's because you can't.
If you resort to personal insults and sarcasm, you lose.
Bye.
foolcow1976 2 years ago
There was nothing to refute. You brought nothing to the table. You gave only your opinion, citing no facts. There's no point in refuting a personal opinion. I agree that what you believe is clearly what you believe. I still disagree with your opinion. I resorted to no personal insults. I did display sarcasm, but there are no rules against sarcasm when it is in response to unreasonableness.
I can't agree more that you truly believe what you believe. I just don't find you credible.
BIGELLOW 2 years ago
1984
jaedenahmed 3 years ago
Here's another point. Unemployment dropped from near 25% to under 15% under FDR under biased, conservative statistics that don't include Works Progress Administration (WPA) workers. Since the WPA was the biggest federal employment program instituted in the New Deal, not counting them makes no sense. When we count them, Professor Michael Darby estimates that unemployment actually dropped from near 25% in 1932 to 9.5% by 1940. Considering what FDR inherited from Hoover, that's impressive.
levt2237 3 years ago
If you are using unemployment numbers as a metric for whether the depression is getting better or worse, it makes no sense to include WPA workers as part of the employed. They may have needed the WPA because of the depression, but the depression doesn't go away just because the WPA exists.
foolcow1976 2 years ago
Clearly, some of you people have been brainwashed by the Fixed News. The only study I saw on the matter, done with biased methodology (an unbalanced scale) that intended to make FDR look bad, still found that 74% of historians and 51% of economists disagree with the notion that FDR prolonged the Depression. So Fox News is flat out lying when they say that the majority of historians agree with their presumption. GDP expanded by a whopping 63.5% between 1933 and 1940 before the war.
levt2237 3 years ago 2
FDR was a retard
TwiceRecorded 3 years ago
I'm sorry. FDRs policies by all objective factors did prolong the great depression.
HowTheWorldWorks 3 years ago
Watching Fox makes you stupid.
zapponsalvia 3 years ago 4
Wow, and I naively thought only George W. Bush & Dick Cheney were out there trying to rewrite history
LordXmen2k 3 years ago
im getting my masters in Economics from UCSB right now, i have never heard any economist or read any book that said that FDR's spending prolonged the Great Depression
mexprince1 3 years ago 2
That's because you go to UCSB.
Just about every economist today, and every economics books written about the Depression accepts the fact that FDR prolonged the depression.
HowTheWorldWorks 3 years ago
ive read economics books for the last five years, i talk to my professors every day, they agree that government acted correctly to provide a counter weight to the bad economy, your just talking out of you ass, im even a TA for an Economic growth class that talks about the great depression, who are you some guy who repeats the news on his youtube page, real original,
mexprince1 3 years ago
Hey genius:
The fact that you're a T.A. doesn't impress me in the slightest. You and your teachers know little about history or economics.
Instead, you're Keynes robots, learning nothing of reality.
By acting correctly, are they talking about the Smoot-Hawley tariff? Or the high taxes? Or destroying cotton and pigs?
Your professors are idiots.
HowTheWorldWorks 3 years ago
roosevelt never rose taxes before the war but he and congress rose them after the war to fund the fight over seas, your right that tarriff was a bad idea, and FDR offered subsidies and bought crops from struggling farmers that had no means of shipping it anywhere due to lack of credit and distributed to the necessary areas on the countries, he also offered subsidies to farmers to farm less because of the depression in agricultural prices,
mexprince1 3 years ago
Roosevelt did raise taxes before the war, and so did Hoover.
Moreover, the subsidies for farmers lifted the price of food when people couldn't afford it. It was an abject disaster.
HowTheWorldWorks 3 years ago
"I think its a good idea"
O god, I started cracking up when he said that. Sirota is an idiot; economist on both sides have NOT been saying that.
limpbizkit818 3 years ago
mickeysears and sockmess are ignorant.
....and fox is for fools.
123setyoufree 3 years ago 3
Uggh how do you fight the urge to punch everyone in that newsroom square in the jaw?
spits32 3 years ago 2
So what if the New Deal didn't finish the job of ending the Great Depression. Without FDR's New Deal creation of government Corporations, Agencies, Acts, and Departments millions more people would have suffered homelessness, hunger, poverty, and despair. IMO there would have been a revolution by the poor if FDR did nothing. Remember the words of Will Rogers, "Ten men in our country could buy the whole world and ten million can't buy enough to eat." Rich get...Poor get... FDR cared and acted!
SideburnerSol 3 years ago 2
Explain how the government jobs help the nation? Guess how they pay government employess, with taxes. Taxes that put more people in the private sector out of work and hurts everyone else who still making an income. FDR has to thank the Japanese for our prosperity.
sockmess 3 years ago
The private sector's creating jobs had ground to nearly a standstill during the Great Depression. The private sector was abusing the common workers. Wages were abysmally low. Millions of unemployed people got a job, a paycheck, and some self-respect through New Deal programs like the CCC, PWA, CWA, and NYA. The NYA provided job training, part-time jobs and financial aid for education to those who couldn't afford it. The Wagner Act & Fair Labor Standards Act helped the workers rise!
SideburnerSol 3 years ago
Sirota is a moron. Um, price controls, our bankrupt Social Security, farm subsidies, and his internment of the Japanese...ya that makes him the savior of the GD and best President, ever!
Read a book, Sirota. Government intervention prolonged it. The government has no food. They have no jobs. They can only spend money and drive us all further into debt.
And you want more than a trillion for the new bailout? Where's that coming from? It's just further debasement of our currency.
msgibbons 3 years ago
By law we pay interest on the money we print, funny how we are bailing out the banks we owe 10 trillion dollars to. The only way out of debt is by reforming our banking laws.
Notice the bank building is the largest building in your city.
XeonForest 3 years ago
The only way out of debt is to stop deficit spending and work toward a surplus. Then use the surplus to pay down debt. It works for families, companies, state and federal governments. Yet all of these morons say that the US must deficit spend. That's what got us into this trouble in the first place.
mickeysears 3 years ago
I was thinking about this earlier today, and I really like this idea. It would be great for credit abroad and our currency.
I guess that most people would say, though, that things have to be improved for the average American before you can go after our gigantic debt.
robcamps3890 3 years ago
All we have to do is print more money but we contracted it out to the Federal Reserve.
We our bailing out banks going further into debt only to realize we owe them 10 trillion dollars.
It is a scam!!!
XeonForest 3 years ago
Fux we report you become more ignorant.
blair227 3 years ago
David, have you ever read the short essay "The Law" by Frederic Bastiat?
Just curious as to your opinion on it?
Remove brackets and spaces:
tinyurl(.)com/TheLawByFredericBastiat
tinyurl(.)com/TheLawFredericBastiatAudio
poohtoob 3 years ago
FDR prolonged the great depression... and Hoover got us out of it. This according to the backwards thinking, Bush-supporting, right wing nuts. lol i just hope Obama is as bad as FDR and not as good as Bush..
*i mean Hoover. lol
lonizzcertified 3 years ago
Good one, yes the right wing nuts are trying to rewrite history once again, even as America is seeing through their self serving ways, government does not work, because we broke it to prove it to you.
what slime balls they are.
what0now0toons 3 years ago
Actually Hoover and FDR used the same tactics to get us out of the Depression. FDR just did a lot more. They both spent your taxpayer money the way the special interest of the day wanted, had a negative effect and prolonged the Depression by directing money to the least productive, took photo ops to show how good they were doing, and created share the wealth programs that is sucking money out of the system even today. Sound familiar? Yea lets do the same thing and expect a different result.
mickeysears 3 years ago
It is just a fact that it DID prolong the great depression.
Unemployment and everything else didn't change during FDRs entire time during FDRs term.
HowTheWorldWorks 3 years ago
"Unemployment and everything else" didn't change during FDR's term? Whether you support the New Deal or not, you have to acknowledge that it did do at least some good.
To say that the New Deal did nothing for unemployment would be to deny reality.
robcamps3890 3 years ago
It made the situation much worse. It heavily taxed people who could have hired the unemployed and subsidized industries that were too expensive for the poor to afford.
Total disaster.
HowTheWorldWorks 3 years ago
Absolutely not. This is republican revisionism. FDR was extremely successful and won his first two terms based on economic success and the next two based on his success conducting the war.
The same Republiucans who trash FDR are the same ones who praised Reagan-omics and the Bush economic package, which have resulted in a huge economic collapse.
The Republicans have been trying to tear down FDR for decades and their right wing think tanks and still haven't be able to do it..
MrMojoRisinII 3 years ago 6
He won reelection because he created the appearance of doing something while nobodies lives were improving. In fact, they were getting worse.
To argue that any of Bush economic policies had even the slightest thing to do with any economic downturn disqualifies you from being taken seriously.
HowTheWorldWorks 3 years ago
He won re election because the numbers prove success, something republicans really hate. Unemployment was down, and wall streets numbers tripled under FDR.
Its amazing how republicans are supposed to be intelligent when it comes to economic policy but how they fail so miserbly when they actually in act it.
Historically Democrats have proven to be better at running the economy, while repoublicans have proven to be inept.All these right wingers are now running away from the last eight years.
MrMojoRisinII 3 years ago 2
The fact that the Democrats won an election has absolutely zero correlation regarding the success of FDR.
I could be elected as President, and hire 25% of the population to digg ditches, and have 26% fill the ditches up, and then get those digg ditchers to vote for me.
This entire economic mess we are in right now is caused by Democratic policy including Freddie Mac and Fannie Mae. 100% of it.
HowTheWorldWorks 3 years ago
You have absolutely no idea what the fuck you are saying! The New Deal policies did everything needed to be done to jump start an economy. Created jobs, increased consumer spending, encouraged investment, transformed industry, decreased disparity of wealth etc. Stop overriding history with your ideology!
jamesreid021 3 years ago
I agree Hoover was just as bad: Hoover raised taxes, spending and signed the smoot-hawle