Tag Archive 'FDR'

FDR Prolonged the Great Depression

says two UCLA economists.

Two UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years, and they blame a suspect previously thought to be beyond reproach: President Franklin D. Roosevelt.

After scrutinizing Roosevelt’s record for four years, Harold L. Cole and Lee E. Ohanian conclude in a new study that New Deal policies signed into law 71 years ago thwarted economic recovery for seven long years.

“Why the Great Depression lasted so long has always been a great mystery, and because we never really knew the reason, we have always worried whether we would have another 10- to 15-year economic slump,” said Ohanian, vice chair of UCLA’s Department of Economics. “We found that a relapse isn’t likely unless lawmakers gum up a recovery with ill-conceived stimulus policies.”

In an article in the August issue of the Journal of Political Economy, Ohanian and Cole blame specific anti-competition and pro-labor measures that Roosevelt promoted and signed into law June 16, 1933.

Not exactly news to free market liberals, but still something very important to remember in these comming days of cries for the government to “do something” and distrust of the free market.

Sphere: Related Content

Swinging Liberals and Reagan Resentment

Hillary Clinton
(photo: Marc Nozell)

Matt Stoller at OpenLeft has a pretty interesting observation about the swing of the self-described “very liberal” constituency from Obama to Hillary over the course of the primaries:

In Iowa, Obama beat Clinton by 16 points among those who consider themselves as ‘very liberal’. In New Hampshire, they were even. And now in Nevada, Clinton simply destroyed Obama within that block by 16 points. In other words, while it’s not entirely clear who ‘won’ Nevada, whatever that means, had Obama run even with Clinton among those who describe themselves as ‘very liberal’, he would have soundly defeated her at the caucuses outright instead of having to play delegate games.
(OpenLeft via Corrente)

Matt goes on to make the argument that Obama’s recent praise of the Reagan legacy was the catalyst for Obama’s defeat. Overall Matt’s grinding old ideological axes a bit too hard here, given that this would clearly fail to answer how the trend he identified managed to precede Obama’s remarks on Reagan. But he is onto something at the margins. It would be interesting if Obama was losing the “very liberals” as Matt notes, among the aging and still resentful leftists who were adults during the Reagan era.

(more…)

Sphere: Related Content

Liberal Fascism: The Secret History of the American Left, From Mussolini to the Politics of Meaning

Echoing a wonderful discussion we had in the fall of 2006 on the nature of Fascism (see here, here and here) Jonah Goldberg writes a book which bristles at the use of the term by the contemporary left. I would really be interested in picking that discussion back up. So anybody interested, please read the previous discussions and tell me what you think. In the meantime, here is the description from Amazon:

Book Description
“Fascists,” “Brownshirts,” “jackbooted stormtroopers”—such are the insults typically hurled at conservatives by their liberal opponents. Calling someone a fascist is the fastest way to shut them up, defining their views as beyond the political pale. But who are the real fascists in our midst?

Liberal Fascism offers a startling new perspective on the theories and practices that define fascist politics. Replacing conveniently manufactured myths with surprising and enlightening research, Jonah Goldberg reminds us that the original fascists were really on the left, and that liberals from Woodrow Wilson to FDR to Hillary Clinton have advocated policies and principles remarkably similar to those of Hitler’s National Socialism and Mussolini’s Fascism.

Contrary to what most people think, the Nazis were ardent socialists (hence the term “National socialism”). They believed in free health care and guaranteed jobs. They confiscated inherited wealth and spent vast sums on public education. They purged the church from public policy, promoted a new form of pagan spirituality, and inserted the authority of the state into every nook and cranny of daily life. The Nazis declared war on smoking, supported abortion, euthanasia, and gun control. They loathed the free market, provided generous pensions for the elderly, and maintained a strict racial quota system in their universities—where campus speech codes were all the rage. The Nazis led the world in organic farming and alternative medicine. Hitler was a strict vegetarian, and Himmler was an animal rights activist.

Do these striking parallels mean that today’s liberals are genocidal maniacs, intent on conquering the world and imposing a new racial order? Not at all. Yet it is hard to deny that modern progressivism and classical fascism shared the same intellectual roots. We often forget, for example, that Mussolini and Hitler had many admirers in the United States. W.E.B. Du Bois was inspired by Hitler’s Germany, and Irving Berlin praised Mussolini in song. Many fascist tenets were espoused by American progressives like John Dewey and Woodrow Wilson, and FDR incorporated fascist policies in the New Deal.

Fascism was an international movement that appeared in different forms in different countries, depending on the vagaries of national culture and temperament. In Germany, fascism appeared as genocidal racist nationalism. In America, it took a “friendlier,” more liberal form. The modern heirs of this “friendly fascist” tradition include the New York Times, the Democratic Party, the Ivy League professoriate, and the liberals of Hollywood. The quintessential Liberal Fascist isn’t an SS storm trooper; it is a female grade school teacher with an education degree from Brown or Swarthmore.

These assertions may sound strange to modern ears, but that is because we have forgotten what fascism is. In this angry, funny, smart, contentious book, Jonah Goldberg turns our preconceptions inside out and shows us the true meaning of Liberal Fascism.

(more…)

Sphere: Related Content

Get rewarded at leading casinos.

online casino real money usa