New Deal Or Raw Deal?: How FDR's Economic Legacy Has Damaged America

Front Cover
Simon and Schuster, Nov 17, 2009 - Biography & Autobiography - 318 pages
20 Reviews
A sharply critical new look at Franklin D. Roosevelt's presidency reveals government policies that hindered economic recovery from the Great Depression -- and are still hurting America today.

In this shocking and groundbreaking new book, economic historian Burton W. Folsom exposes the idyllic legend of Franklin D. Roosevelt as a myth of epic proportions. With questionable moral character and a vendetta against the business elite, Roosevelt created New Deal programs marked by inconsistent planning, wasteful spending, and opportunity for political gain -- ultimately elevating public opinion of his administration but falling flat in achieving the economic revitalization that America so desperately needed from the Great Depression. Folsom takes a critical, revisionist look at Roosevelt's presidency, his economic policies, and his personal life.

Elected in 1932 on a buoyant tide of promises to balance the increasingly uncontrollable national budget and reduce the catastrophic unemployment rate, the charismatic thirty-second president not only neglected to pursue those goals, he made dramatic changes to federal programming that directly contradicted his campaign promises. Price fixing, court packing, regressive taxes, and patronism were all hidden inside the alphabet soup of his popular New Deal, putting a financial strain on the already suffering lower classes and discouraging the upper classes from taking business risks that potentially could have jostled national cash flow from dormancy. Many government programs that are widely used today have their seeds in the New Deal. Farm subsidies, minimum wage, and welfare, among others, all stifle economic growth -- encouraging decreased productivity and exacerbating unemployment.

Roosevelt's imperious approach to the presidency changed American politics forever, and as he manipulated public opinion, American citizens became unwitting accomplices to the stilted economic growth of the 1930s. More than sixty years after FDR died in office, we still struggle with the damaging repercussions of his legacy.
  

What people are saying - Write a review

User ratings

5 stars
11
4 stars
8
3 stars
0
2 stars
1
1 star
0

Review: New Deal or Raw Deal?: How FDR's Economic Legacy Has Damaged America

User Review  - Jesse - Goodreads

An eye-opening book, especially in light of today's events. Read full review

Review: New Deal or Raw Deal?: How FDR's Economic Legacy Has Damaged America

User Review  - Jarod - Goodreads

Incredible book. All too often the only reputable books to find on the New Deal are positive, which are great and all, but it was refreshing to see a mainstream book touch on the negatives of FDR and ... Read full review

Contents

II
1
III
16
IV
30
V
43
VI
60
VII
76
VIII
93
IX
103
XII
146
XIII
168
XIV
192
XV
212
XVI
237
XVII
245
XVIII
253
XIX
263

X
112
XI
122

Common terms and phrases

About the author (2009)

Burton W. Folsom, Jr., Ph.D., a professor of history at Hillsdale College in Michigan, is the author of several books. A regular columnist for The Freeman, he has also written for The Wall Street Journal, American Spectator, Policy Review, and Human Events.

Bibliographic information