Tuesday, October 19, 2010
Disappointed Obama isn't FDR? Let's remember the real deal about the New Deal.
...Take the first claim, for instance, regarding Roosevelt's economic recovery. After inheriting his own economic crisis, FDR instituted the New Deal, rescuing the American economy from total collapse. Roosevelt, however, did not bring the US economy back to full health. In 1941, the year America declared war against Japan, the US unemployment rate stood at 9.9 percent. That’s right, even after the Works Progress Association, the Civilian Conservation Corps, and the Lend-Lease Act put Americans back to work, unemployment was higher than it is right now.
In 1941, even after the Works Progress Administration, the Civilian Conservation Corps, and the Lend-Lease Act put Americans back to work, unemployment stood at 9.9 percent – higher than it is now. ...
...Take the second claim, that FDR vanquished the fascists – the geopolitical Enemy No. 1 of their time. Well, yes, he did. However, he only succeeded in doing this by striking a deal with Joseph Stalin – a murderous dictator in his own right – and allowing the Soviet Union to absorb atrocious losses on the eastern front. By the war’s end, the United States had suffered approximately 600,000 casualties, overwhelmingly military. The Soviet Union? Over 25 million, more than half of them civilian....