Well I've been sitting here studying history for my exam tomorrow and were basically covering the Depression onto the Korean War. After sitting here reading over policies of Herbert Hoover and FDR, it literal kinda threw me back. Barrack Obama's policies follow the exact same policies that Herbert Hoover enacted, although he was a Republican.
His plan to solve the Great Depression was to use government spending and requested 427$ million from Congress to combat or "stimulate" the economy. This failed along with the fact that Hoover was trying to keep a balanced budget. He enacted policies that would "prevent mortgage foreclosures and keep banks afloat". This fell under the jurisdiction of the Reconstruction Finance Corporation. Unfortunately the head of RFC was removed, and all these proposals failed to do anything. Hmmm sound familiar?
Well now comes along FDR with his progressive reforms. Of course the New Deals did nothing for the economy except severe regulation in the work place (good thing at the time). The government soon was regulating farming production, even though the Supreme Court said it was unconsitutional, they came up with a later bill called the "Soil Conservation and Domestic Allotment act". Basically the government paid farmers to keep production low to avoid surplus. The government gained control of all the banks and went through them thoroughly with new regulations. Then came WW2, which kick started our economy, created jobs, and revitalized the American people.
What followed all these government programs and reforms that mirror Obama's exact plan thus far? "The highest and most progressive peace time taxes in the history of the country". I guess we know what's coming...
Reading this book is showing me that we are re-living a big mistake. Sure we haven't seen the taxes that will follow all this legislation because it hasn't happened yet. At the same time, back then people believed in the individual success and not government intervention...aka "the self made man". So healthcare was not an issue, and they had a balanced budget. Do we have a balanced budget? No. Last time I checked we were somewhere near 13 trillion dollars. I stopped looking cause it disgusts me.
It's amazing how we are re-living the biggest mistake in our country's history without even realizing it. Ignorance is bliss.
His plan to solve the Great Depression was to use government spending and requested 427$ million from Congress to combat or "stimulate" the economy. This failed along with the fact that Hoover was trying to keep a balanced budget. He enacted policies that would "prevent mortgage foreclosures and keep banks afloat". This fell under the jurisdiction of the Reconstruction Finance Corporation. Unfortunately the head of RFC was removed, and all these proposals failed to do anything. Hmmm sound familiar?
Well now comes along FDR with his progressive reforms. Of course the New Deals did nothing for the economy except severe regulation in the work place (good thing at the time). The government soon was regulating farming production, even though the Supreme Court said it was unconsitutional, they came up with a later bill called the "Soil Conservation and Domestic Allotment act". Basically the government paid farmers to keep production low to avoid surplus. The government gained control of all the banks and went through them thoroughly with new regulations. Then came WW2, which kick started our economy, created jobs, and revitalized the American people.
What followed all these government programs and reforms that mirror Obama's exact plan thus far? "The highest and most progressive peace time taxes in the history of the country". I guess we know what's coming...
Reading this book is showing me that we are re-living a big mistake. Sure we haven't seen the taxes that will follow all this legislation because it hasn't happened yet. At the same time, back then people believed in the individual success and not government intervention...aka "the self made man". So healthcare was not an issue, and they had a balanced budget. Do we have a balanced budget? No. Last time I checked we were somewhere near 13 trillion dollars. I stopped looking cause it disgusts me.
It's amazing how we are re-living the biggest mistake in our country's history without even realizing it. Ignorance is bliss.