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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Steve Dietrich who wrote (468522)	4/2/2009 10:46:08 PM
From: i-node	Read Replies (1) \| Respond to of 1578717

I pointed out that it's ridiculous to say FDR made the economy worse when you consider in 1936 he was reelected in an historic landslide, and then reelected two more times after that. Except that you don't acknowledge the failures of Big Labor (today's crisis with the automakers, a product of FDR), Social Security (about which you're in denial), the travesty of Unemployment Compensation (which by FDR's own remarks, amounts to a failure today), and numerous other New Deal initiatives that have destroyed the country's future. FDR did some things right. FOR EXAMPLE, before he went on the New Deal spending spree, he first made massive budget cuts across the board -- and he articulated his rationale -- if we're going to ask Americans to ante up, we need to show some fiscal responsibility first. As I've pointed out, his handling of the war was marvelous -- although, had the American public understood what was going on behind the scenes, they may not have supported it -- certainly not before Pearl Harbor, when FDR all but lied to the public about his assistance to Churchill. But it is absolutely arbitrary to think that his New Deal affected the economy only for the duration of his presidency. Social Security was still fiscally sound when he died. And unemployment compensation was fully funded by the employer tax. The effects of a presidency last decades -- or centuries -- beyond his term in office. Hell, we are still feeling the effects of the failed Carter presidency more than 30 years after the fact. The New Deal was huge and continued to be today. It's consequences at the time seemed positive, but at what cost? As of today, we know that SS owns $12-15T as a result of the failure of the New Deal.