 Way O.T. (by Rick Russell [IN]) Feb 3, 2026 6:40 AM
 Way O.T. (by NE [PA]) Feb 3, 2026 7:39 AM
Way O.T. (by zero [IN]) Feb 3, 2026 8:40 AM
Way O.T. (by DJ [VA]) Feb 3, 2026 9:39 AM
Way O.T. (by Deanna [TX]) Feb 3, 2026 11:39 AM
Way O.T. (by 6x6 [TN]) Feb 3, 2026 2:18 PM
Way O.T. (by Ray-N-Pa [PA]) Feb 3, 2026 7:49 PM
Way O.T. (by MikeA [TX]) Feb 4, 2026 9:56 PM
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Way O.T. (by Rick Russell [IN]) Posted on: Feb 3, 2026 6:40 AM
Message:
No, not the Old Testament O.T. ;) There are many correct gut-level "economists" on this fine site, and I would like your opinions on do you think President Franklin D. Roosevelt made the "Great Depression" worse?
In hindsight I say a mostly yes, but he was re-elected three times.
--76.35.xxx.xx |
Way O.T. (by NE [PA]) Posted on: Feb 3, 2026 7:39 AM
Message:
Was he re elected 3 times or did he stay in office due to WW2 and not wanting the nation to have to change presidents during that? How do you think he made it worse when my understanding is that WW2 pulled us out of the Great Depression? --24.152.xxx.xx |
Way O.T. (by zero [IN]) Posted on: Feb 3, 2026 8:40 AM
Message:
War is very profitable for those that deal with it.
People went from not working to working pretty fast like. Whether it be in the factories or in the military.
I am not an economist in any way, shape or form tho. --47.227.xx.xxx |
Way O.T. (by DJ [VA]) Posted on: Feb 3, 2026 9:39 AM
Message:
Well, the New Deal did suddenly create jobs & money "out of thin air".
That's not necessarily sustainable in the long run, and one would might expect a big decline in the economy afterward.
Sort of like a couple more "minor depressions" there have been more recently, after bail-outs & sudden "help" from the government for everybody. --72.218.xx.xxx |
Way O.T. (by Deanna [TX]) Posted on: Feb 3, 2026 11:39 AM
Message:
There is a family anecdote about how, when FDR's death was announced, my great-grandfather told my grandfather, "Well, I guess the war will be over soon." FDR died on April 12th; WW2 ended September 2nd.
His policies made the Great Depression worse than it should have been. He inflated the federal government into a bureaucracy full of alphabet agencies. His unconditional surrender policies at least prolonged the war. EO 9066 forcibly relocated/incarcerated 100k Japanese-Americans. Gold ownership became a felony.
Before 1940, only 5% of Americans paid income tax. By the time he died, it was 2/3rds. Marginal tax rates only apply to dollars owned beyond (threshold), but his highest marginal tax rates were clocking in at 79%, 94%.
I'm in the not-a-fan camp. He was charismatic-- remember the Fireside Chats. And he transitioned the US into a global superpower. With so much of Europe in ruins after WW2 (remember even England didn't get rid of the last bits of rationing until 1954), and so much of their population decimated after WWI/WWII, and so much of their culture upside-down (all the 20th c revolutions, toppled monarchies, etc)-- the US became very powerful during this period.
But even during his life, it was controversial that he had ignored the 2-term tradition that George Washington had set, and after his death, they codified it so that no one else would copy his own precedent-- the 22nd Amendment (1951).
--172.58.xxx.xx |
Way O.T. (by 6x6 [TN]) Posted on: Feb 3, 2026 2:18 PM
Message:
That "real time" history from Deanna is great. It is good to have the reviews of those family who were actually there. --73.19.xxx.xx |
Way O.T. (by Ray-N-Pa [PA]) Posted on: Feb 3, 2026 7:49 PM
Message:
The federal deficit as measured against the GDP was at an all time high in 1945. Spending was twice as high than COVID vs the economy --173.188.xx.xxx |
Way O.T. (by MikeA [TX]) Posted on: Feb 4, 2026 9:56 PM
Message:
Printing money and taking on debt by expanding government programs is never a good long-term solution.
Even when people are hurting financially, it's better to establish policies that help business growth so that employment and wages increase putting money in people's pockets. People get benefit from that without being taxed for it. --99.64.xx.xx |
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