New Deal or Raw Deal?

I wanted to do more studying on the policies of the New Deal, enacted by FDR. I have heard my entire life that is was those policies that helped get the US out of the Depression. Well, according to New Deal or Raw Deal: How FDR’s Economic Legacy Has Damaged America, by Dr. Burton Folsom Jr., it is FDR’s policies that actually prolonged the depression and damaged the country in the long run. Dr. Folsom has a Doctorate in History from the University of Pittsburg, and taught history at Murray State University until 1994. I am several chapters in, and the book is so interesting and enlightening. I have already learned a great deal. I will have a full review when I finish it up sometime in the new few weeks, depending on school.

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4 Responses to New Deal or Raw Deal?

  1. Chuck Norton says:

    Hello Frank, I am the editor of Political Arena and I saw that you asked me to stop by and comment.

    Welcome to the blogosphere. By going back and looking at FDR it is difficult to come up with a better place to examine leftism.

    The bottom line is this, FDR spent huge money and started massive government programs and non-farm unemployment NEVER dropped below 20% during New Deal 1 and New Deal 2. That is a colossal failure by any measure.

    The left also says that “conservative, hands off” Hoover caused the great depression. Well in part he did, but what the left lies about is Hoover. Hoover was a Republican to be sure, but in those days both parties had a big government and small government wing, and Hoover brought in massive government intervention into the economy.

    After 1929 the economy was starting to recover by itself, but dips came after big interventions by FDR and none of this can be argued against honestly.

    The economy boomed after the war when spending dropped by half.

    By the way, did you know that we had a full blown depression in 1920? Did you know that Calvin Coolige (Reagan’s favorite President) helped bring the economy back to the roaring 20’s and that Reagan used Coolidge as a model for his own presidency?

    I am going to leave some links for you to examine that will help you explore this further.

    http://iusbvision.wordpress.com/2009/02/18/boston-globe-engaging-in-revisionist-new-deal-history/

    http://iusbvision.wordpress.com/2010/04/18/fdr-and-the-new-deal-question-of-the-day-who-has-incentive-to-produce-at-a-90-tax-rate/

    http://iusbvision.wordpress.com/2009/09/26/dr-thomas-sowell-fdr-the-new-deal-obama/

    http://politicalarena.org/2011/10/10/amity-shlaes-fdr-the-great-depression-and-the-record/

    http://politicalarena.org/2011/10/22/in-honor-of-calvin-coolidge-a-great-president-few-remember/

    http://politicalarena.org/2011/10/22/%E2%80%9Cthe-forgotten-depression%E2%80%9D-and-how-presidents-coolidge-harding-turned-america-around/

  2. High guys, I have a blog of my own and Chuck’s FDR summary is great. I’m just letting you know that I will be posting it on my blog with a link back to this post so that we can begin correcting this misconception. The more readers see it the better, please let me know if you have a problem with this, thanks!

  3. Pingback: FDR’s Recovery, What You Were Never Taught | Unaffiliated Party

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