tag:blogger.com,1999:blog-5890312.post6379656002787640234..comments2024-03-19T23:09:02.136-04:00Comments on Collecting My Thoughts: Normahttp://www.blogger.com/profile/11502895616873273470noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-5890312.post-44328024037600748062009-03-03T09:07:00.000-05:002009-03-03T09:07:00.000-05:00Although I can't be sure, Alan, but if he found th...Although I can't be sure, Alan, but if he found this blog he's probably a librarian--that profession is 223:1 liberal to conservative, can pull cites from print or on-line, can make any argument, can make information disappear or create it. Oh, they love Wikis. Librarians weren't entrepreneurial enough to invent Google, but they sure know how to use it. I suggest too he go to your site, because I'm closing comments on this one. I'm on Spring break.Normahttps://www.blogger.com/profile/11502895616873273470noreply@blogger.comtag:blogger.com,1999:blog-5890312.post-20176487069935669322009-03-02T20:54:00.000-05:002009-03-02T20:54:00.000-05:00Guess who is calling me names, Anonymous? And of c...Guess who is calling me names, Anonymous? And of course no one knows who you are because you are too scared to let them know. Yes, there is a bogus Wikipedia post about me and elsewhere, but I am confident the truth will protect me. Want to know more? Go to www.caruba.com. I posted all my credentials. <BR/><BR/>Anonyous keeps boasting about his intellect, but I'm betting he never read Folsom's book. He lacks the guts to identify himself and yet feel free to cast stones at me. What courage. None.<BR/><BR/>He is a termite on this blog.Alan Carubahttps://www.blogger.com/profile/10901162110385985193noreply@blogger.comtag:blogger.com,1999:blog-5890312.post-61312325796458675282009-03-02T20:32:00.000-05:002009-03-02T20:32:00.000-05:00One need only google Alan Caruba to begin to notic...One need only google Alan Caruba to begin to notice the extent of his intellectual dishonesty. An 'industry shill' and 'corporate hack' are among the more favorable descriptions of this particularly poor excuse for the male species. <BR/><BR/>Wow, quite a somewhat embarassing pedigree he has; it does take a particular kind of self-delusional person to be able to spout out the banalities this simpleton does. LOL.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5890312.post-39209953995907075842009-03-02T19:18:00.000-05:002009-03-02T19:18:00.000-05:00Yes, facts and logic cause discord to Alan Caruba'...Yes, facts and logic cause discord to Alan Caruba's world view and he reacts with defensiveness and anger, just like flat-earthers reacted to evidence the world was round.<BR/> <BR/>Caruba's not the sharpest tack in the box but one would expect a bit more intellectual sharpness from a self-professed 'professional writer'. <BR/><BR/>While amateurs might be disinclined to understand or ignore the data, most educated individuals see an issue that needs to be resolved ie Folsom's quote seems to fall apart when held up to rational scrutiny. <BR/><BR/>Norma, while you may believe FDR piled bad program on bad the economic evidence gives a larger GDP in 1939 then in 1933 and a lower unemployment rate. <BR/><BR/>Note: Here's a basic civics lesson; The 'Fed' had nothing to do with creating or implementing FDR's programs. The Fed controls monetary policy not executive department programs.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5890312.post-69707335432290801382009-03-02T18:05:00.000-05:002009-03-02T18:05:00.000-05:00Most of the time I know who the anons are, and as ...Most of the time I know who the anons are, and as long as they aren't porn or nasty or selling viagra, I don't mind. If I weren't retired, I'd be anonymous too--esp. with Obama in office!<BR/><BR/>I believe, as you Alan do, that FDR piled bad program on bad, and saying that the Fed should have jumped in sooner with more is just a pipe dream. Typical of someone who works for the Fed. You can look at the calendar and see what FDR did to the country.Normahttps://www.blogger.com/profile/11502895616873273470noreply@blogger.comtag:blogger.com,1999:blog-5890312.post-33855338320527641482009-03-02T15:12:00.000-05:002009-03-02T15:12:00.000-05:00Allowing anyone who prefers to be "anonymous" to p...Allowing anyone who prefers to be "anonymous" to post on your site should be reconsidered. He is sowing discord for no good reason. It is YOUR blog, not his.Alan Carubahttps://www.blogger.com/profile/10901162110385985193noreply@blogger.comtag:blogger.com,1999:blog-5890312.post-37226141519756289312009-03-02T14:13:00.000-05:002009-03-02T14:13:00.000-05:00I'll add this list of 38 academic papers from econ...I'll add this list of 38 academic papers from economists that show there isn't a consensus on the New Deal's failure. Looking at Folsom's background and other writings he's at the far right extreme amongst historians (and he's no economist). <BR/><BR/>Let's at least be honest to all sides about this. <BR/><BR/>http://tinyurl.com/clpphuAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5890312.post-88783335673889252392009-03-02T14:03:00.000-05:002009-03-02T14:03:00.000-05:00Not quite Norma, you're letting right-wing nuttine...Not quite Norma, you're letting right-wing nuttiness and emotion overtake intellectual sharpness. <BR/><BR/>History doesn't 'show' that the New Deal was a failure. In fact most economic historians would argue otherwise to varying degrees, though a few might agree. <BR/><BR/>Bernake, our Fed Reserve Chairman, wrote extensively about the depression on his PhD thesis and doesn't think the New Deal was a failure. He's certainly no socialist. <BR/><BR/>If you read that actual history of the era you'll see that a decline in fiscal stimulus in '37 driven by Morgethau and others resulted in a rise in unemployment. <BR/><BR/>You'll also note the trend for unemployment was down while GDP actually grew from '33 to '39. And finally you haven't realized that going war in 1941 resulted in fiscal stimulus of major proportions; WWII was economically a huge fiscal stimulus package for the economy. <BR/><BR/>None of this has nothing to do with likeing socialism, it's simply using Keynesian fiscal policy to for pump-priming the economy. <BR/><BR/>Folsom's quotation of Morgenthau is suspect since 1. The dates don't match up by a couple of years and 2. economic data doesn't match up.<BR/><BR/>One would expect more from a professional historian.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5890312.post-74150681117849316522009-03-02T11:23:00.000-05:002009-03-02T11:23:00.000-05:00The comparison of Obama and FDR seems a bit harsh....The comparison of Obama and FDR seems a bit harsh. FDR was a patriot, even if his economic views were skewed to the left. Obama intends to destroy the country.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5890312.post-50389598086708627332009-03-02T08:58:00.000-05:002009-03-02T08:58:00.000-05:00Anon 3:10. Just to be straight in your thinking: ...Anon 3:10. Just to be straight in your thinking: you'd have no problem with this if he'd said 6 years and 2 months or something closer to the time frame? Then you would have admitted he was right? Maybe he was thinking 2 FDR terms (8 years) and rounded down a bit. However you cut it, history shows FDR's economic plan was a total failure (except for those wanting more socialism) and libs try to cover that up. Until Obama came along, never had the left so worshipped and covered for a failure. Now he's been outdone by B.O. Finally knocked off his pedestal by one of his own.Normahttps://www.blogger.com/profile/11502895616873273470noreply@blogger.comtag:blogger.com,1999:blog-5890312.post-37521791989770957012009-03-02T03:10:00.000-05:002009-03-02T03:10:00.000-05:00When one looks at the data it becomes even more st...When one looks at the data it becomes even more strange. Unemployment in 1933 was at 24.9% (per US Dept of Commerce). By 1937 it had fallen to 14.3%, there was then a recession where unemployment rose to 19%--which some economists argue was due to the decision by Morgenthau and Republicans to curtail stimulus--Folsom may not agree of course. By 1939 unemployment had dropped down to 17%, certainly better than 24.3% and the trend had been downward except for 1938.<BR/><BR/>The whole thing looks a bit sketchy when put up against the facts.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5890312.post-59492907526313708842009-03-02T01:19:00.000-05:002009-03-02T01:19:00.000-05:00The quote is clear that he states "I say after eig...The quote is clear that he states "I say after eight years of THIS administration". Not Hoover's, but FDR's.<BR/><BR/>Unless Caruba is in error he clearly states the quote came from: "Morgenthau Diary, May 9, 1939, Franklin Roosevelt Presidential Library." <BR/><BR/>If Folsom had gotten the quote correct or made it's origin clearer--and he hasn't--we wouldn't have this question. <BR/><BR/>Of course now every conservative Tom, Dick and Harry has thrown this thing around; Folsom may have done a disservice and left them hanging with poor sourcing. <BR/><BR/>Then again perhaps Morgenthau had access to some sort of space-time continuum machine.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5890312.post-76941743884098318112009-03-01T19:59:00.000-05:002009-03-01T19:59:00.000-05:00Or, perhaps since Hoover also threw money at the p...Or, perhaps since Hoover also threw money at the problem, he was folding in some of that time?Normahttps://www.blogger.com/profile/11502895616873273470noreply@blogger.comtag:blogger.com,1999:blog-5890312.post-44437611773425127202009-03-01T09:58:00.000-05:002009-03-01T09:58:00.000-05:00The "diary" might now have been an annual one, but...The "diary" might now have been an annual one, but rather a collection of Morgentau's thoughts, much like a memoir.<BR/><BR/>Why don't you go to the FDR Library like the author did, researching his book for ten years?Alan Carubahttps://www.blogger.com/profile/10901162110385985193noreply@blogger.comtag:blogger.com,1999:blog-5890312.post-36081941656787432272009-02-28T19:00:00.000-05:002009-02-28T19:00:00.000-05:00How odd that by the diary date---1939--FDR was onl...How odd that by the diary date---1939--FDR was only in office for six years yet his own Treasury Sec says they'd been doing it for eight years. <BR/><BR/>You'd think he'd get the years he'd been working there correct, I mean it's a lot easier than the numbers involving a national budget.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5890312.post-53326795678225951552009-02-21T12:14:00.000-05:002009-02-21T12:14:00.000-05:00Thank you. Now I can sleep better knowing someone...Thank you. Now I can sleep better knowing someone checked.Normahttps://www.blogger.com/profile/11502895616873273470noreply@blogger.comtag:blogger.com,1999:blog-5890312.post-23946412863924409912009-02-21T11:20:00.000-05:002009-02-21T11:20:00.000-05:00Folsom, the author of "New Deal or Raw Deal?" give...Folsom, the author of "New Deal or Raw Deal?" gives the following citation for the Morgenthau quote:<BR/><BR/>Morgenthau Diary, May 9, 1939, Franklin Roosevelt Presidential Library. <BR/><BR/>Enjoyed visiting your blog.<BR/>Alan C.Alan Carubahttps://www.blogger.com/profile/10901162110385985193noreply@blogger.com