Tag Archives: fdr

Europe Won’t Work in America

Spain’s economy is under such duress that the country is prepared to request a 40 billion Euro cash injection from the Euro zone this weekend. The request comes after Fitch Ratings reduced Spain’s credit by three notches on Thursday. This move will make Spain the fourth country to need a bailout since the European debt crisis began. The Spanish banking sector’s weakness and contagion from Greece’s debt crisis have put Spain’s economy in such a precarious position that the International Monetary Fund reported a need for 90 billion Euros to entirely cleanse Spain’s banking sector.

Much has been said about the problems of Greece and how those problems will impact the Eurozone. However, the size of Spain’s economy is over four times that of Greece’s. Spain’s 11.5% share of the Euro zone’s GDP has a far greater impact on European finances than does Greece’s 2.5%.

What the world is witnessing is the collapse of the European socialist economic model; the failure of government dependency. As more people become dependent on government, fewer people are left to pay the cost.

But it goes beyond simply spending other people’s money. The socialist entitlement mentality makes people less productive. As more and more people become less and less productive, an ever-smaller minority of productive people become responsible for shouldering the burdens of a completely lopsided, unfair system. When a tiny number of productive people are required to deprive themselves of the fruits of their own labor in order to finance the lives of the remaining population, where is the incentive for them to produce?

If that is not enough, reliance on a big government nanny state makes people less responsible for themselves, less self-reliant. That is the antithesis of the American way of life.

When European settlers colonized the New World, they left the security of Europe behind in favor of North America’s unknown wilderness. They left homes, family, friends and country behind in exchange for an opportunity to build better lives for themselves. They were freed from the constraints of Europe’s restrictive class system. They openly rejected the European way by leaving.

When the British Monarchy deemed to re-impose that system on Britain’s thirteen North American Colonies, that attempt was adamantly and thoroughly rejected. Hence the Declaration of Independence, the American Revolution and the founding of the United States of America.

When America’s pioneers ventured west to traverse the Great Plains and cross the Rocky Mountains they were completely self reliant. They took care of themselves. They didn’t have, want, or need a big nanny state government to take care of them from cradle to grave.

This is the stuff of which America is made.

Because it gives them control over “the masses”, “progressives” have long sought to fashion America after the European socialist model, to make Americans more government dependent. There was FDR with the New Deal and Social Security. LBJ gave America the Great Society, Welfare Programs and Medicare. Now obama forces upon an unwilling America the crown jewel of European style socialism; government controlled medicine.

Every time obama holds a press conference he sounds exactly the way he has always sounded: he inherited the worst economic crisis since the Great Depression. his policies are working, but need more time. Congress needs to quit stalling and enact more of his policies. The private sector is doing fine but to grow the economy government needs to spend more money to create more government jobs at the state and local level.

Coming as it does on the heels of the Wisconsin recall election, where such policies were rejected, this shows precisely how out of touch obama is with the private sector, how the economy works, American history and the nature of America’s people…and with reality.

Europe won’t work in America. Neither will an out of touch narcissist who insists on imposing a long rejected European system upon America.

obama, you are fired.

http://mjfellright.wordpress.com/2012/06/08/europe-wont-work-in-america/

Obama Literally Re-Writes History In Black and White

whitehouse_gov_obama

It is no secret that liberals have re-written most of our historical events, but the newest re-writing of history is more blatant than anything previously.

Starting with 1923, with the biography of President Calvin Coolidge, all but one Presidential Profile on the official government website has been re-written to add Obama’s “place in history” alongside that particular president.

Evidently history cannot stand without Obama’s agenda, so a new footnote section has been added on each of the revised biographies, entitled, “Did You Know?”

This discovery was made by the Heritage Foundation’s Rory Cooper, who said he originally found it “funny”, until he realized how many biographies had been changed. Mr. Cooper hit the twittersphere with the hashtag #ObamaInHistory, mocking Obama’s narcissism.

When asked about the additions to the Presidential Biographies, which were written by historian Michael Beschloss and journalist Hugh Sidey, a White House official, who spoke to the press on the condition of anonymity said:

“We simply added links at the bottom of each page to related whitehouse.govcontent, which is a commonly used best practice to encourage people to browse more pages on a site.”

Here are some examples of our new, re-written, Obama-agenda history:

Last but not least, the man that Obama loves to blame the most, George W. Bush:

  • In 2002, President George W. Bush’s State of the Union was the first to be live broadcast on the Internet. In 2011 and 2012, President Obama’s State of the Union speeches were available in an enhanced live stream versionthat featured infographics, charts and data side-by-side in real time with the President’s speech.
  • In 2009, former President Bush partnered with 42nd President Clinton tohelp rebuild Haiti, after the country was devastated by an earthquake.

One thing is for certain: there doesn’t seem to be any other president in history that loved himself more than Barack Obama.

Obama’s Third Bill of Rights

FDR-Obama__roosobama

President Barack Obama, Chairing the 33rd Progressive Internationale held at the “United Nations,” delivered a speech in which he declared a Third Bill of Rights:

“We brothers in equality cannot be content, no matter how high or low the standard of living, if some fraction of our people—whether it be one-third or one thousandth or one millionth — is independent and self-reliant, and therefore, unappreciative and resistant to change.

This Social Democracy had its beginning, and grew to its present strength, under the protection of certain government-granted rights—among them the right to non-offensive speech, a servile and uniform press, a speedy trial in the court of public opinion, and the security that comes from non-stop surveillance, random searches, and confiscatory seizures. These were the privileges of our servitude and obeisance. And all was well — for a while.

As the people declined in pride and vigor, however—as our hollowed-out economy mysteriously imploded, no doubt due to saboteurs —these guarantees proved inadequate to ensure the equality so vital to our prosperity.

We have come to a clear realization that social freedom cannot exist without government dependence and thus, democratic empowerment. Independent men are not free men. People who hunger for freedom and a life outside the dictates of government are the stuff of which fascist reaction is made.

But we understand now that some people are getting anxious that the dream of our progressive forefathers might go unfulfilled. Lest anyone should doubt that government can deliver the goods, the following pledge is being made to the citizens of the world.

In our day, these economic truths have become self-evident. We have accepted, so to speak, a Third Bill of Rights under which a new basis of service and security can be established for all—regardless of station, race, creed, sexuality, gender, ethnicity, girth, skin tone, or transgender status.

Among these are:

The right to an unproductive job in one of the many departments or services or offices or bureaus or agencies of the government;

The right to earn enough to eat Chinese take-out every night, if that is what one should so desire, or to buy an expensive overcoat, or to spend 90% of one’s time being entertained;

The right for every bureaucrat to regulate the labor of the citizenry as he or she should see fit, in order that the goals of equality and efficiency can be attained;

The right of every policeman to carry out his or her duty to the state in freedom from resistance;

The right of every community to commandeer and enlist every child in the service of the public good;

The right of doctors and nurses to provide medical care to anyone with any illness without rationing and without respect to cost in terms of time, manpower, and technology;

The right to open-ended insurance to gird our good citizens against old age, sickness, accident, unemployment, and death, regardless of what each citizen puts into the economy;

The right to a state education adequate enough to inform the citizen of his or her own self-interest.

All of these rights spell happiness. And after our war against inequality is won, and all the casualties of human opposition removed from our eyes and the history books, we must be prepared to move forward, in the implementation of these rights, to new goals of servitude and sacrifice.

We must be prepared to give up our lives, our fortunes, our sacred honor, and even our country itself, to ascend to our rightful station as a first among equals; and to realize the honor the world for whom we sacrifice for has prepared for us, and to march forward, in harmony with the all-knowing and all-good State, to the very end of history.

Author’s note: The above is satire. It is a fictionalized account intended to elucidate certain ideas and principles by taking them to absurd lengths. It is not intended to be taken literally.

Kyle Becker blogs at RogueGovernment, and can be followed on Twitter as @RogueOperator1. He writes freelance for several publications, including American Thinker and BeatObamaPac, and is a regular commentator on the late night talk show TB-TV.

Mr. Morality, Bill Clinton Calls for an End to Presidential Term Limits



Impeached, former president Bill Clinton specifically told Morning Joe that while he does not think he should be allowed to pollute our White House again in the future, run for POTUS again, so just whom would he have in mind when he says U.S. Presidents should be able to take a little break and then run for reelection again?  He tells America that we should just repeal the 22nd amendment to the U.S. Constitution in the above interview. Would Bill be suggesting that he would like his good friend, G.W. Bush to be allowed another shot at being our president? Not likely there, despite the media-muckers pathetic attempts to convince us that those two are lifelong buddies today. How about digging up Progressive Poppa FDR for a fifth term? He has certainly has had a good long rest. [in a graveyard where it is quite peaceful] I,m sure the progressive stage prop managers of today could find one of their Hollywood make-up artist pals to make FDR look presentable for photo shoots for another presidential campaign if they tried hard enough.  No, FDR probably wouldn’t be elected to another term today, as the whole world now knows FDR died of a massive brain tumor that exploded in a stroke that killed him.( That sure explains a lot, as far as how mentally competent the author of the progressive New Deals 1 and 2, was during his time in office) 

Stop the presses!  What if the person to whom Bill is referring to isn’t an ex-President of the United States ? What if Bill Clinton has now come to the reality of the distinct possibility that Barack Obama will become a one and done President by being thrown out of office in the 2012 elections? Barry is still relatively young, and with a few more years of mentoring from Billy Clinton and Weather Underground terrorist Bill Ayers, Barry just might be able to hide enough of his record to make another run for POTUS in the future. Would the American citizenry ever be so gullible and politically ignorant enough, to ignore just what Barack Hussein Obama has done to this country during his first term in office, and elect him at a future date? They certainly proved to be just that in 2008, when they elected him the first time, didn’t they?

   Pictured at the left is President Obama, Bill Clinton and Chicago slumlord extraordinaire Valerie Jarrett, whom with no actual credible experience in government is now serving as a senior adviser to the President, and whom many say is the driving force behind the far left Liberal Obama policies that have plagued this nation for over three years now.  We can only surmise  just what Clinton was lecturing Obama about on that occasion, yet when considering Clinton’s recent calling for the repeal of the 22nd amendment on Presidential term limits, we could now draw the following caption:

 “Now listen, Barry, these ignorant Americans have somehow caught on to our Socialistic agenda of transforming America into a third-world rat-hole by trampling on the U.S. Constitution and bypassing Congress by enforcing illegal laws by executive fiat, so here is what we are going to do. We will start a national propaganda campaign to repeal the 22nd amendment, so that when the American voters throw you out of office in the 2012 elections, we can reinsert you at a later date to continue our Socialistic agenda. Remember, I am the expert here on fooling the American public, just look at how I got away with saying I never had sex with Monica. Even though I was impeached, there are still enough gullible sheep who think we are the Democrats of yesteryear who actually cared about the working class and the poor. “

In getting back to the above interview with Joe Scarborough, once again Americans are being lectured by disgraced ex- President Bill Clinton, he of the “Head White House intern, Monica Lewinsky goes down under in the White House” fame.  With 2012 GOP presidential candidate Herman Cain facing an avalanche of allegations of “attempted” vague sexual advances while being married, ( just as Clinton was when he actually cheated on Hillary) and the media flooding our lives with the related sensationalist headlines across America the past few weeks, we must ask ourselves why we  constantly allow ourselves to be lectured by Slick Willy Clinton, the former pot-smoking-but-never-inhaling, philandering, dishonest, morally bankrupt adulterer, on anything concerning our lives today. Has America become that soullessly ignorant or so completely morally bankrupt today? Considering that the infamous “Little Blue Dress” Monica Lewinsky was wearing at the time she was showing Willy just how delicious she thought he was  started a pop-culture-like worship once upon a time, yes,  I,d say America is well on their way to becoming 100% morally bankrupt.

Willy refused to actually identify the actual piece of legislation that created term limits in America, while slickly also avoiding mentioning by name the Democratic President that the 22nd amendment was specifically drawn up for, to prevent future Presidents from remaining in the White House for more than two terms. That would be what many historians believe to be considered the father of the Progressive/Socialist movement in America, one Franklin Delano Roosevelt. (FDR) Not to be confused with the Grandfather of the progressive movement, Mr. Woodrow Wilson, with a dishonorable mention going to semi-Republican Teddy Roosevelt.

Past Progressive Presidents make GOP candidate Herman Cain look like an alter boy.

FDR was the President of the United States from 1933 – 1945.  President Franklin Roosevelt died in the first year of his fourth presidential term. In the room with him at the time of his death was his daughter, Anna Roosevelt Boettiger, an artist doing a portrait of FDR and…. his longtime mistress, one Lucy Mercer Rutherfurd.  Upon hearing of her husband’s death, Mrs. Roosevelt faced not only the disturbing news of FRD’s death, but also the fact that his mistress was with him on his deathbed in the White House.   While U.S Presidential history is chock full of philandering, womanizing, morally bankrupt adulterers, (FDR, JFK, Willy Clinton) today’s progressive media hypocrites are today consumed with Herman Cain’s ”suggested” or “wishful” unfaithfulness to his wife by unnamed and non-credible accusers. Golly gee whiz Batman, imagine what they would be doing if Herman Cain actually had Bialik under the White House desk like Slick Willy did, or carried on a decades long affair with a mistress who was at his bedside upon his death right in the White House? (As Poppa-Progressive FDR did)

The last thing the American people will ever allow to happen is the repealing of the 22nd amendment of Willy Clinton’s dreams in order to allow the Marxist ideologue and lifelong Bill Ayers student, Barack Obama to slither back into the White House again. It is also immensely disgusting to see the progressive-liberal media operatives putting the perverted, unfaithful adulterer who disgraced the United States office of the Presidency for all the world to see, on national television to lecture the American people.  Bill Clinton is a disgrace to this great nation, and nothing more.

2012 just can’t get here fast enough!

 

 

 

 

 

 

What or Whom is Behind the Bashing of the 9-9-9 Plan

During the Nevada GOP Presidential debate, we saw Herman Cain’s 9-9-9 plan attacked by everyone else on stage.  What might surprise some folks is how supposedly Republican Presidential candidates were apparently using leftist propaganda [posing as non-partisan] from Progressive think tanks as the basis for denouncing Cain’s 9-9-9 plan. A mere two hours before the debate, reports started coming out denouncing Herman Cain’s plan. To wonder about the timing of the release of those reports is a no-brainer:  They were put out to denounce front-running GOP candidate Herman Cain, period.  Did the establishment GOP, in order to improve Romney’s chance of winning the nomination put out these reports, or did they simply parrot progressive propagandists talking points? You can check out the 9-9-9 plan for yourself here.   Note that Herman Cain has some revisions in his 9-9-9 plan that call for an eventual transition to a Fair Tax that ends the IRS and repeals the 16th amendment. Heady stuff there, if you can get it done.

Wonk-blogger and Liberal Obama promoter-in-Chief, Ezra Klein appeared to take  Michelle Bachman’s side in stating on his Wonkblog:

If you were looking for a sober, sensible discussion of tax policy, last night’s GOP debate was not for you. Take Congresswoman Michele Bachmann’s opening criticism of Herman Cain’s 9-9-9 tax plan. “If we give Congress a 9 percent sales tax,” she asked, “how long will it take a liberal president and a liberal Congress to run that up to maybe 90 percent?”

To which he then added:

 I feel comfortable suggesting the answer is “until slightly after the end of time.” A 90 percent sales tax will never, ever happen.

Maybe a 90% sales tax will never happen but we have in fact seen a 90% income tax imposed on the American citizenry before, as the chart below shows us. Of course like all progressives, Mr. Klein is quite comfortable with a 90% income tax rate as we saw the original progressive fore-father, FDR had no qualms about it in prior U.S. history.

The father of The New Deal progressive policies, FDR,  came into office in 1933 and look at what happened in the chart above! Our government took 90% of folks hard-earned paychecks ! And just like they want to do today, they took it from the supposedly “rich” people. What also isn’t expressed in that chart is that the lower taxed group of people were a very small part of our society, and the fact that most people were put into the “higher earners” category. So when we hear today’s “Progressives” ( such as Ezra Klein) talking about taxation in America, just keep that chart in mind there. Also keep in mind that 47% of ALL Americans pay no Federal income tax today- ZERO.  Progressive wealth redistribution hiding behind the “tax the rich” mantra is a fraud that leads to national poverty in the end.  Herman Cain’s 9-9-9 plan is not a cure-all and he has shown the willingness to adapt it with the best ideas put forth to avoid another “New Deal Progressive Policy” recession. At least we are talking about getting big government spending under control today, which should be the goal of all concerned Americans. Reforming the tax code is a very important part of our future prosperity and must be discussed.  Obama and the Progressives have no plan, except to spend more through higher taxation until we are insolvent, which is simply unacceptable. All these supposed economic wizards of the progressive party criticizing the Republicans in Congress, while they have not even passed a budget in three straight years! That is nothing short of ludicrous hypocricy!

2012 just can’t get here fast enough!

 

 

 

 

 

 

 

 

 

 

 

Protesting for the problem they're against

The Occupy Wall Street protesters are voicing a very real and understandable grievance. Corporate America is far too involved in politics. I agree wholeheartedly. What these protesters do not understand is how or why corporations got involved in the government in the first place. In their calls to end capitalism they are showing a basic historical ignorance. We haven’t been a capitalist country in a long time. We started transforming into corporatism during Teddy Roosevelt’s reign and were done with the metamorphosis by the end of FDR’s presidency. Wasn’t Teddy a Trust-Buster? He certainly was. But a close look into US Steel during that time shows that they welcomed government intervention.  Carnegie even wrote an article in the New York Times asking for “Government control” of the steel industry. The collusion is due to the fact that the free-market involves risk, and government control means they do not have to worry about their smaller competitors who were hot on their heels. Third–party intervention into business favors the largest companies and often bankrupts the smaller companies.

This basic idea can be seen in the story of Upton Sinclair and his book “The Jungle.” In the popular narrative, his investigative journalism changed the meat packing industry. What is not known is that the industry itself wanted regulation. A Big Meat, as it would be called today, spokesman said as much to Congress. Government regulation behooved the major packers because the regulation pushed smaller and ironically more sanitary meat packers out of business due to the cost of the regulations, and also provided the commercial benefit of a federal seal by which to further sell their product.

Government meddling in business in fact causes corporatism. The free-market keeps business at a safe distance from the government. In other words, capitalism is what the Wall Street protesters should be begging for, not protesting against. The story of Microsoft is a modern example of this idea. For a long time Bill Gates bragged about the fact that his company, Microsoft, had no interest in government. He was being honest- Microsoft had but a single lobbyist- that is until he was attacked for being a monopolist. Now he has a veritable army on k-street. Wal-Mart is another enlightening example of this. In 2000, the company was ranked 771st in direct contributions to Federal politicians. After being attacked by unions and politicians, Wal-Mart had developed the single largest corporate political action committee by 2004.

The only people that are helped by government intervention are large companies and politicians. Small companies and consumers take the hit: consumers in paying higher prices and small companies by being pushed out of the market. It seems that the protesters are protesting for what they claim to be against. Economics and civics are complicated and the people funding these protests rely on those who join them to be too lazy or ignorant to understand either. For now it looks like they are right.

 

Is President Obama Pushing Us Into a Double Dip Recession? History Says YES

President Obama’s approval ratings among American voters have been dropping to historic lows as he heads into the third year of his first, and only term, as President of The United States. Electoral history backs up that last statement, in the fact that no incumbent President has ever been reelected with our current stubbornly high unemployment rate hovering over 9%. Throw in the fact that the dollar is weak, gasoline is still about double what it was when he took office, and the fact that many economists point to the total unemployment as to being more like 17%, not the 9% that the new Liberal math is using to get it at that level, and we end up with 63% of Americans  saying they do not like the direction the country is going under Barack Obama. That points to Obama as being what is simply know as a “One and done President.”

 Does Barack Obama know he is a one and done president?  He must know how disgusted most of America is  in the hope and change slogan that has now become simply,  no hope and change for the worse, when we see those sharply tanking approval ratings. Since Obama knows he will be defeated in 2012, relegated to the dustbin of being known as the worst President in modern American history, many folks believe he is setting up the next Republican President administration to fail by damaging our economy immensely. History also shows this to be a pattern of past Presidents. If you can create an atmosphere of long-term instability in our economy, it could lead Americans to eventually voting for Hope and Change 2.0.  in 2016,  just like they did in 2006 without any clear definition of just what kind of trans-formative change  candidate Obama was  talking about.

Barack Obama and his Liberal Party USA group of advisers, czars and high-powered appointees have been shown to try to replicate the failed Socialistic policies of past administrations of the lefto-sphere numerous times since Obama was elected. They have also used the gimmickry and manipulation of the masses techniques of past Presidents Carter, Wilson, Hoover, FDR, and Clinton often, ( while ignoring Truman’s economy recovery facts)  in trying to make their case for their Liberal wealth redistribution to buy votes campaigns.  Jimmy Carter, whom is widely known as the worst POTUS in modern history, along with Bill Clinton who is infamous for disgracing our White House with his Monica Lewinski down-under policies, are both still heavily involved in pimping the Barack Obama tax hike agenda of today. Do these Liberal elitists ever retire?  It says a lot about the current administration in their willingness to ignore Carter and Clinton’s incompetence and perversions, while trying to prop them up as respected people that Americans should listen to today.

The  bottom line is that, true to their Liberal ideology, Barack Obama and company are trying to tax us into a double-dip recession. History proves it, and the current stagnant economy due to the failed policies of the past 3 years, coupled with the numerous stealth tax increases hidden in the Obama agenda such as those being found in Obama-care, will prove deadly to our economy in the near future. Tax increases and massive over-regulation are piling up in all sectors of our economy, with many of them being back-loaded until…. 2013, right after Obama is kicked out of office. Coincidence? Not likely. Fake Democrats have a well-documented history of implementing stealth policies in able to regain power in future elections by crippling the economy through failed Keynesian economic policies. Then, they sit back and start screaming that it is all the conservative policies that hurt working Americans and everyone should get out and vote for Democrats. This is the proven cycle of the two-party political system, and people fall for it time and time again while ignoring the history of American economics.

         Today, on my local news I saw that Bill Clinton is telling Americans and Congress to pass Obama’s current massive tax hikes plan(s) RIGHT AWAY. The doomed-to-fail American Jobs Act, the newly announced Buffet Rule, and the hidden agenda of letting the Bush tax cuts expire are all in fact, tax hikes on every man, woman and child in America. ( Except for most of the Liberal base though, as they, like Buffett and Obama-bedpal G. E. , very rarely actually pay taxes)  That sent red flags dancing across my vision immediately. Bill Clinton’s fallacy about just what happened when he was President has been very well-exposed as to containing a very heavy dose of leftist propaganda in saying our economy skyrocketed during the Clinton years simply because he raised taxes on the rich. To be perfectly clear, history points to raising taxes as prohibitive to growing our economy time and time again. The current Liberal administration seems very good at using past history to dig out the trickery and manipulation tactics that have been used before to fool the American public into going along with tax increases that, in fact, will lead us into a double-dip recession. Is Barack Obama pushing us into a double dip recession on purpose? History says he is doing  just that, when we look at how past tax hikes have resulted in severe downturns in our economy throughout our presidential history.

In an article from The Heritage Foundation titled, Hoover, FDR and Clinton Tax Increases: A Brief Historical Lesson, we see indisputable facts that prove to us that raising taxes during a recession only leads us into a double-dip recession or even a depression. These historic examples  also show us to be the exact same tactics that the Obama administration is now using  as we head in  2012 and the Presidential elections.

                          Lets start with President Herbert Hoover back in the troubled economic times of  the early 1930’s.:

” After the 1929 stock market crash, the Smoot-Hawley tariff of 1930 raised import prices and more importantly threw a bucket of cold water on global trade flows, helping send the economy into deep depression. The economy had very little chance to recover. Along with gross and ongoing monetary policy mismanagement, President Hoover raised taxes in 1932. The consequences were devastating. As Alan Reynolds points out: ‘ President Herbert Hoover asked for a temporary tax increase…in June 1932, raising the top income tax rate from 25% to 63% and quadrupling the lowest tax rate from 1.1% to 4%. That didn’t help confidence or the Treasury. Revenue from the individual income tax dropped from $834 million in 1931 to $427 million in 1932 and $353 million in 1933′ ”  ( emphasis mine)

Note the highlighted lines there. Those were some whopping tax increases, and if Barack Obama and the Liberals in Congress get their way we will see the exact same thing when we look at the big picture and actually add all of the Obama tax increases already on the books to the new ones he is proposing today. Hoover’s huge tax increases also point us towards  the failed New Deal  Keynesian-style spending  that is always at the root of Progressive ( posing as democratic) policy. It led directly to a double-dip recession that really hurt the very working class people Democrats at the time purported to represent as we see here:

This caused a “double-dip” recession, sky-rocketing the unemployment rate to well above 20 percent. After 1933, the economy showed glimmers of recovery: unemployment dropped from near 25 percent in 1934 to under 15 percent in 1937, and economic activity was picking up. Contrary to Keynesian conventional wisdom, however, the recovery didn’t come as a result of New Deal spending. Christina Romer, former chief economic advisor to President Obama, makes clear: “Fiscal policy played a relatively small role in stimulating recovery in the United States.” Rather, the initial recovery happened largely because of monetary expansion, the “money supply increased nearly 42 percent between 1933 and 1937,” according to Ms. Romer. ( the monetary expansion link there gives us a very detailed look at the Great Depression and it’s causes)

          Five years later FDR repeated the same mistake as Hoover, as we see here

 

Unfortunately, President Roosevelt made the same crucial mistake President Hoover made 5 years earlier, so the recovery didn’t last. FDR raised taxes sharply in 1937 in an attempt to balance the budget. Once tax increases took effect, the economy collapsed into another recession – the second stage of the double-dip which lasted into WWII. ( emphasis mine)

 

 

       President Harry S. Truman, whom we all know was a huge history buff and an avid reader, learned just how dangerous Keynesian economic policies had been while he was serving as FDR”s Vice President , and as President in 1945 directed a true economic recovery through conservative, pro-growth principles:

As Burt Fulsom writes:

Congress reduced taxes. Income tax rates were cut across the board. FDR’s top marginal rate, 94% on all income over $200,000, was cut to 86.45%. The lowest rate was cut to 19% from 23%, and with a change in the amount of income exempt from taxation an estimated 12 million Americans were eliminated from the tax rolls entirely.

Corporate tax rates were trimmed and FDR’s “excess profits” tax was repealed, which meant that top marginal corporate tax rates effectively went to 38% from 90% after 1945….By the late 1940s, a revived economy was generating more annual federal revenue than the U.S. had received during the war years, when tax rates were higher. Price controls from the war were also eliminated by the end of 1946. The U.S. began running budget surpluses. ( emphasis mine)

How many of our readers can even imagine what a tax rate of 90%, as highlighted above, would do to this country ? Could that happen again? History already shows us that it will, if we do not address the current economic cliff we are standing on the edge of, and if we do not reinstate the free market principles that lead to overall  economic growth and create a stable economic climate . That simply means less taxation through corporate tax rate deductions and a repeal of the overbearing, expensive regulations that stifle economic growth.  The more companies and businesses pay in taxes, the less money there is for expansion and new job creation. It doesn’t take a Harvard trained elitist or a career politician to understand these facts. To the contrary, all it takes is a look at the history of economics above, with an eye on just what policies were good for America and which ones were proven to lead to double-dip recessions. It is historical fact.

             Last but certainly least, President Clinton’s policy record shows us both how misleading Liberals are when they say he lead us into the most prosperous economy in U.S. history, and their fallacy of whether or not he raised taxes to do it:

The disastrous mistakes from Presidents Hoover and Roosevelt underscore the importance that Washington not raise taxes in a weak economy. But that doesn’t stop the Left from advancing the notion. They point to Clinton’s record as proof. After all, Congress pushed through a big tax increase under President Clinton, and the economy boomed, right?  ( emphasis mine)

That much-overstated Liberal propaganda, when discussing the history of U.S. economic policy with regard to the Liberal tax-the- rich schemes, is in fact just that, mainly mind-manipulating propaganda put out by the ever- economically- illiterate Socialists posing as working-class champion Democrats as we see here:

Heritage senior fellow JD Foster adds:

The first period, from 1993 to 1996, began with a significant tax increase as the economy was accelerating out of recession. The second period, from 1997 to 2000, began with a modest tax cut as the economy should have settled into a normal growth period. The economy was decidedly stronger following the tax cut than it was following the tax increase. ( emphasis mine)

So there we have it, from Presidents Hoover, to FDR, to Truman, and finally to the myth of President Bill Clinton’s much-stated tax increases having ‘supposedly’ led to economic prosperity and job creation, we see that U.S. economic history shows us that raising taxes , especially during the current Obama-recession, will lead us straight into a double-sip recession. A double-dip recession, and possible  great depression are on the horizon for America due to Barack Obama’s current numerous tax increases, ( some obvious and many hidden) and  his big government-over- regulation-laden agenda. Obama knows he is a one and done President, and is doing everything he can to set up the next administration to fail by pushing for massive tax hikes during the current recession, while all the time blaming it on Republicans.  History tells us that this is, in fact, Barack Obama’s current agenda. Let’s all work together to avoid a double-dip recession that will hurt all Americans, and defeat Barack Obama in 2012.

 

 

Political Economics Not To Be Mistaken For Economics

 “The country needs and, unless I mistake its temper, the country demands bold, persistent experimentation. It is common sense to take a method and try it; if it fails, admit it frankly and try another. But above all try something.” 
-FDR
           

FDR created this modern political economic cant. Democrats and Progressive Republicans alike have employed it resulting in extreme unintended consequences. FDR, for example, despite evidence that his policies deepened and lengthened the Great Depression, is still exalted by liberal America. FDR’s, Social Security System, has become a fragile entitlement program that is now a political third rail issue.           

Presidential hopeful Rick Perry recently called Social Security a Ponzi scheme, and has received significant criticism for the statement. Yet in defending social security Nobel Prize winning economist Paul Samuelson wrote, “The beauty of social insurance is that it is not actuarially sound… with real incomes growing at some 3% a year… A growing nation is the biggest Ponzi game ever contrived.” Social Security not being actuarially sound makes it categorically not insurance. Relying on a growing base of investors makes it by definition a pyramid scheme, a Ponzi scheme unfortunately; this has not stopped many pundits and politicians from attacking Perry for statements of fact on the subject.

The second portion of FDR’s advice is never used, accept through memoirs like that of Progressive Republicans Richard Nixon, discussing decisions like gas price and wage restrictions. Nixon admitted in his memoirs “The piper must be paid and there was an unquestionably high price for tampering with the orthodox economic mechanisms.” It is wishful thinking to believe politicians will heed his ex post facto warning. Nixon was cheered for his economic tampering, and won a second term in a landslide. An outburst of Nixon’s to a White House Aid explains this perfectly “I don’t give a good god damn what Milton Friedman says, he’s not running for reelection.” 
           

“Do something” politics has been invariably destructive and a detailed review of economic problems of the past one hundred and fifty years seem to show that regulation caused many destructive trends. While chief executives like Calvin Coolidge and Ronald Reagan survived deeper stock market crashes than what confronted FDR, they watched dramatic economic resurgences during their terms in office that were followed by eras of high employment and low-inflation simply because they did not intervene in the economic process. Despite both Coolidge and Reagan’s success, they have been questioned as presiding over times of “excess.” In contrast, FDR has been hailed as our greatest President despite prolonging the great depression, even being called more moral regardless of the unneeded suffering he forced on an entire population.

 Economic incompetence is a very risky business. For most people, it is easy to be sucked in by lofty rhetoric and not bother to question economic legislation being offered, blindly hoping the desired goals will be achieved. It is easy to claim, “I am right!  Those people pointing out that this economic policy won’t work only have an interest in hurting you.” The, us-versus-them theme is much more useful politically than true economic solutions which all contain trade-offs. Doing nothing so the economy can rebound simply is not palatable to citizens, neither are massive spending cuts or cuts in programs. These are political realities that will not change until people start taking their roles as voters more seriously. The “dismal science” is simply not much fun.

 This economic political trend has come to a very visible head under President Obama. His policies have failed critically. The President’s healthcare bill has raised the cost of healthcare, despite assurances that it would not. The stimulus bill met none of the presidents stated goals, but on the political left it is deemed a success simply because he attempted to fix things, much like FDR’s debacles are viewed. 

The President’s most recent “Jobs bill” is no exception. Despite showing him self to be economically ineffective, people still want him to do “something.” So he is doing “something” Much as FDR did. But America is different now; we have multiple news networks, talk radio and a resurgent pride in the things that made our country the most successful in history. Preach the “dismal science” to your friends and neighbors, for though reality is dismal, blind hope creates hell.