Fox News Says "Historians Agree" that FDR Prolonged the Great Depression

I appeared on Fox News to discuss the economic recovery package. As you'll see, the anchor and the other guest assert that historians agree that Franklin Roosevelt prolonged the Great Depression - and they actually laugh at me when I say that's a lie.

Category:

News & Politics

Tags:

• Fox News
• FDR
• Great Depression

[bigboss686]

@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]

@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]

@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

[GnomesAmok]

@bigboss686

Obviously not! Haha, listen man, you're deluded.

[bigboss686]

@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]

@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.

[bigboss686]

@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

[GnomesAmok]

@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]

@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)

[bigboss686]

@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

[GnomesAmok]

@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]

@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.