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

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Simon and Schuster, Nov 4, 2008 - Biography & Autobiography - 320 pages
5 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.

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User Review  - ldmarquet - LibraryThing

FDR’s New Deal while greatly increasing the Federal government’s power over markets, prices, and contracts provided jobs for millions, promoted investment, and recovered the country from the ravages ... Read full review

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User Review  - cranmergirl - LibraryThing

Here is another book which should be studied in high schools and universities. Unfortunately, a serious challenge to the myth of FDR's greatness would never be tolerated among today's liberal academic ... Read full review

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Political skill Ambition
what Caused the great Depression?
why PriceFixing Damaged American
How It Hurt Farming
Did They really Help
The Air mail Act
manipulation of gold and silver
safety Net or Quagmire? minimum wage social
The burden of excise Income
The elections of 1934 and 1936
the Issue of race
tax rates and the tariff
for todays economy

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About the author (2008)

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.

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