Thursday, April 02, 2009

How Obama has killed the economy and ambition in only 2 months

See my Coffee Spills blog.
Posted by Norma at 4/02/2009 09:20:00 AM
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2 comments:

Anonymous said...

Hi Norma,

I'm sorry you were obliged to end comments on the FDR and the Depression post. The economic data speaks for itself. The persistence of myths about the depression being ended by the New Deal that serve the "progressive" worldview simply can't be shaken by any amount of fact. That is the nature of their dogmatic ideology. The fallback position of liberal historians was that the Depression was so massive (caused by FDR) that it took war spending to end it. Another falsehood. Unemployment went down, for sure. 2 million under arms will do that. Spending went way up--that's what libs call "stimulus" but, hellooo, that spending was for items to destroy and be destroyed. No "wealth" was created by war spending. Dramatic distortions in the productive capacity of the nation were caused (which is exactly what happens when government decides where to "stimulate"). Americans struggled under extremely severe conditions during the war, and their wages and savings were reduced dramatically but post-war inflation. Only from 1947 when it was clear that the country was not going to follow FDR's socialist direction did entreprenurial investment take-off and the economy rebound. Those are the facts. I am a professor of history, a lawyer, and a research scholar at a foundation for teacher education. Folsom's book is solid. If you are interested in more solid economic debunking, I recommend a forthcoming book by Dr. Brian Domitrovic, called "Econoclasts" due out in September with ISI Books.

Best wishes to you and yours!

D. Ox

4/02/2009 1:06 PM
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4/03/2009 10:36 PM

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