Flashback: UCLA study on FDR’s growth-stifling policies

By Michelle Malkin  •  January 8, 2009 11:20 AM

I’ve got the TV tuned in to Barack Obama now on the fear-mongering, corporate-bashing pulpit, delivering his latest speech pimping the Generational Theft Act of 2009.

While he drones on, here’s a flashback link to a UCLA study published in 2004 that bears notice again. Timely and relevant. And, alas, about to go unheeded again:

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.

“President Roosevelt believed that excessive competition was responsible for the Depression by reducing prices and wages, and by extension reducing employment and demand for goods and services,” said Cole, also a UCLA professor of economics. “So he came up with a recovery package that would be unimaginable today, allowing businesses in every industry to collude without the threat of antitrust prosecution and workers to demand salaries about 25 percent above where they ought to have been, given market forces. The economy was poised for a beautiful recovery, but that recovery was stalled by these misguided policies.”

Using data collected in 1929 by the Conference Board and the Bureau of Labor Statistics, Cole and Ohanian were able to establish average wages and prices across a range of industries just prior to the Depression. By adjusting for annual increases in productivity, they were able to use the 1929 benchmark to figure out what prices and wages would have been during every year of the Depression had Roosevelt’s policies not gone into effect. They then compared those figures with actual prices and wages as reflected in the Conference Board data.

In the three years following the implementation of Roosevelt’s policies, wages in 11 key industries averaged 25 percent higher than they otherwise would have done, the economists calculate. But unemployment was also 25 percent higher than it should have been, given gains in productivity.

Meanwhile, prices across 19 industries averaged 23 percent above where they should have been, given the state of the economy. With goods and services that much harder for consumers to afford, demand stalled and the gross national product floundered at 27 percent below where it otherwise might have been.

“High wages and high prices in an economic slump run contrary to everything we know about market forces in economic downturns,” Ohanian said. “As we’ve seen in the past several years, salaries and prices fall when unemployment is high. By artificially inflating both, the New Deal policies short-circuited the market’s self-correcting forces.”

Pay attention to the conclusions in bold:

Roosevelt’s role in lifting the nation out of the Great Depression has been so revered that Time magazine readers cited it in 1999 when naming him the 20th century’s second-most influential figure.

“This is exciting and valuable research,” said Robert E. Lucas Jr., the 1995 Nobel Laureate in economics, and the John Dewey Distinguished Service Professor of Economics at the University of Chicago. “The prevention and cure of depressions is a central mission of macroeconomics, and if we can’t understand what happened in the 1930s, how can we be sure it won’t happen again?”

…”The fact that the Depression dragged on for years convinced generations of economists and policy-makers that capitalism could not be trusted to recover from depressions and that significant government intervention was required to achieve good outcomes,” Cole said. “Ironically, our work shows that the recovery would have been very rapid had the government not intervened.”

See what others have said

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Trackbacks

  1. Michelle Malkin » Obama promises to work weekends to pass Generational Theft Act
  2. 2004 UCLA Study: The New Deal Prolonged The Depression « Jane Q. Republican
  3. Bloodthirsty Liberal » So You Want To Recreate the Depression?
  4. Who are the fear mongers? « America, You Asked For It!
  5. Perfect example « 2A Musing
  6. Like FDR, Obama to foolishly spend his way out of recession « Wellsy’s World
  7. Can Our Country Afford Another "New Deal"? | Pirates! Man Your Women!
  8. Our intervention needs and intervention! « Tim Farrell’s blog
  9. Obama’s conceit | skewred.com
  10. Obama Radio Address 1-10-09 « America, You Asked For It!
  11. Peenie Wallie
  12. More studies debunking Obama’s economics « America, You Asked For It!
  13. Let the Comparisons Begin (They Already Have) « Labor Law Guy
  14. Paging Dr. Coburn « JoHNBRoDiGaNDoTCoM
  15. Michelle Malkin » Sen. McConnell proposes more Big Government to fix Big Government debacle
  16. Michelle Malkin » Savior holds first fear-mongering press conference
  17. Hot Air » Blog Archive » UCLA on FDR, stimulus packages in 2004
  18. Let the Comparisons Begin (They Already Have) | Labor Law Guy
  19. Did FDR Actually Prolong the Great Depression? @ PC Blog

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Comments


  1. #586333
    On January 8th, 2009 at 11:24 am, Socky said:

    Obama and the Dems are talking up Depression probably because they already know their policies won’t work. This way, they can claim they prevented a long deep recession from becoming a Depression.

    The lapdogs of the MSM will eagerly regurgitate this spin.

  2. #586335
    On January 8th, 2009 at 11:27 am, 30 pcs of silver said:

    Elementary, my dear Watson. They don’t care if their policies won’t help move us forward. Isn’t socialism defined as, and I am paraphrasing, shared misery?

  3. #586336
    On January 8th, 2009 at 11:28 am, ArizonaNeanderthal said:

    I am watching it now. Any minute now I am expecting an over view of Happy Workers Marching Arm in Arm Into a Bright Tomorrow singing “Yes We Can” to the tune of the Internationale.

    “Ironically, our work shows that the recovery would have been very rapid had the government not intervened.”

    And FDR and the Fellow Travlers could not have held on to power for so long. A lesson Barack Hussein, Allah be Praised, Obama evidently DID learn. God be with us all.

  4. #586338
    On January 8th, 2009 at 11:30 am, rjbjrirish said:

    Perhaps someone could send the Chosen One a copy of “The Forgotten Man” by Amity Shlaes? Unfortunately, he’d probably learn nothing by reading it.

  5. #586346
    On January 8th, 2009 at 11:36 am, RedDog said:

    This is not a surprise to thinking people, it is basic finance and economics. That is why it is absolutely urgent that responsible Democratic and Republican leaders join together to crush this Marxist assault on America. The message must be long, loud, and persistent, until the drones (Obama and the Democratic leadership included) get it through their thick skulls that the federal government is the source of the problem.

  6. #586352
    On January 8th, 2009 at 11:40 am, MtsEdge said:

    This is not a surprise to thinking people

    Yes. Can we finally end the FDR worship once and for all??? He’s the reason my grandparents and their daughter (my mother) have been lifelong Dems…grandma is now 96.

    BTW, b/c she has routinely chosen Rs over the past 20+ years, Mom has finally begun the process of switching to (R) (too little, too late, perhaps, since the R’s probably represent now what the Dems did when she first registered)…

  7. #586357
    On January 8th, 2009 at 11:42 am, md1964 said:

    Intervention is only necessary for the “Political” Foundation entrenchment of corrupt politicians.. to help their friends and big donors out…..that is why we are Reliving History.

    If these usless criminals that have hijacked this country, and basically took a bottle of whiteout and a crayon to the constitution really cared about Americans, they would quit their mindless gambles with our future. Hell, I suppose it isn’t a gamble when the outcome is assured to be bad.

  8. #586366
    On January 8th, 2009 at 11:46 am, letget said:

    I just don’t believe the dc bunch has any intentions of listening to the American people and what they want. That bunch has the power and they don’t give a flying flit how it will crater our country. I fear 2010 is going to be way too late to save our Republic if we do get r’s back in control.
    L

  9. #586371
    On January 8th, 2009 at 11:48 am, Rogue Cheddar said:

    Goldangit! I’m going to spend my way out of this mess one way or another! Honey? Have you seen my MasterCard credit card application?

  10. #586374
    On January 8th, 2009 at 11:49 am, RedDog said:

    Part 2: The subprime crisis was a scam cooked up by Democrats and designed to circumvent the legislative process for the purpose of stealing trillions of dollars of taxpayer wealth. It is arguably the greatest heist in the history of mankind. My retirement has been pissed away by Chris Dodd’s and Charlie Rangel’s worthless “constituents”. Let’s declare once and for all that Socialism is an abject failure. Throwing other people’s money at the unproductive members of society always leads to disaster. They gave away all our futures to people who squandered it, and now they want to do it again? Ain’t gonna happen.

  11. #586386
    On January 8th, 2009 at 11:52 am, Bear said:

    Another example of the wonderful polices FDR put in to help was his paying farmers not to grow crops and to kill off livestock because people could not afford food. Even during food rationing in World War 2 the only money from our farm was for not growing wheat.

  12. #586390
    On January 8th, 2009 at 11:54 am, tarpon said:

    Obama is embarking on the biggest reparations venture in the history of the USA. Permanent Democrat rule is his goal.

  13. #586394
    On January 8th, 2009 at 11:56 am, Micheleeroo said:

    POLS, ARE YOU LISTENING???? I already decided this huge misguided idea of Barack’s to copy FDR was a loser. Hellllooooooo, pols, get a clue! Otherwise, Obama’s plan could be the nail in the coffin…

  14. #586415
    On January 8th, 2009 at 12:04 pm, MagnumOpus said:

    Look, you got it all wrong about Franklin Roosevelt. Just go back and watch FDR on TV when the market crashed in 1929. Inspiring.

  15. #586425
    On January 8th, 2009 at 12:09 pm, JT said:

    Forget screwed. We’re F*CKED!

  16. #586426
    On January 8th, 2009 at 12:10 pm, tre said:

    Their minds are made up, so don’t confuse them with the facts.

  17. #586435
    On January 8th, 2009 at 12:13 pm, cheapseat said:

    as michelle said this a.m. on fox, we spent 15billion on the big dig, and what did it contribute to society. another fine terrorist target, and it saves the commuter a few minutes, and it keeps trial lawyers in boston working when the roof panels fall and kill people, but what did it really improve. at least the hoover damn has not burst in over 70 years and created electricity and a water source for the southwest. the tva lessened flooding in the southeast and provided electricity and water to the south. but building roads is benefitting the unions, and as soon as they are finished, the people will move farther out and scream for new roads. do over!

  18. #586438
    On January 8th, 2009 at 12:14 pm, kwyoung said:

    Obama said repeatedly on the campaign trail he would surround himself with people who would “challenge his thinking.” Who exactly has he surrounded himself with to challenge his thinking and what are they thinking about? How to regulate the price of arugula? Clearly, they’re not thinking how to SOLVE the issue at hand. Just continue plunging it down the sewer.

  19. #586439
    On January 8th, 2009 at 12:15 pm, Cameron said:

    But…but…it’s different now! We have progressed as a nation and we can make things work this time! Just a few more billion dollars at the problem and you’ll see it for yourselves, you selfish capitalists.

    /
    wow. That was painful to type out.

  20. #586440
    On January 8th, 2009 at 12:16 pm, pressto said:

    Shh, you are not suppose to do articles like this that make The Ones policies look bad. Bad Michelle :-)

  21. #586490
    On January 8th, 2009 at 12:40 pm, thirteen28 said:

    Anyone who hasn’t read ‘The Forgotten Man’ by Amity Shlaes, now would be a good time to do it.

  22. #586519
    On January 8th, 2009 at 12:57 pm, Socky said:

    building roads is benefitting the unions, and as soon as they are finished, the people will move farther out and scream for new roads. do over!

    Well, we gotta make room for the 500 million illegals brad_sk wants.

  23. #586545
    On January 8th, 2009 at 1:08 pm, noTnoP said:

    rjbjrirish said:

    Perhaps someone could send the Chosen One a copy of “The Forgotten Man” by Amity Shlaes? Unfortunately, he’d probably learn nothing by reading it.

    Another book he should familiarize himself with: FDR’s Folly by Jim Powell.

  24. #586548
    On January 8th, 2009 at 1:11 pm, Concerned Citizen said:

    On January 8th, 2009 at 11:52 am, Bear said:
    Another example of the wonderful polices FDR put in to help was his paying farmers not to grow crops and to kill off livestock because people could not afford food. Even during food rationing in World War 2 the only money from our farm was for not growing wheat.

    Even today, there are some agricultural products that are priced artificially high or low due to government interference from subsidies, loans, import protections, etc. I worked in the agriculture industry and saw a fraction of what goes on and still can’t believe the level of interference.

  25. #586563
    On January 8th, 2009 at 1:18 pm, pianoman said:

    On January 8th, 2009 at 1:08 pm, noTnoP said:

    rjbjrirish said:

    Perhaps someone could send the Chosen One a copy of “The Forgotten Man” by Amity Shlaes? Unfortunately, he’d probably learn nothing by reading it.

    Another book he should familiarize himself with: FDR’s Folly by Jim Powell.

    While PEBO is educating himself with the excellent suggestions above, perhaps all of us should read “Atlas Shrugged” one more time.

  26. #586574
    On January 8th, 2009 at 1:24 pm, Ilovemycountry said:

    Shouldn’t you people be in church singing “Barack the Magic Negro”?

  27. #586585
    On January 8th, 2009 at 1:32 pm, ArizonaNeanderthal said:

    On January 8th, 2009 at 11:30 am, rjbjrirish said:

    Perhaps someone could send the Chosen One a copy of “The Forgotten Man” by Amity Shlaes? Unfortunately, he’d probably learn nothing by reading it.

    Read the man’s book Dreams From My Father and you will see Barack Hussein, Allah be Praised, Obama is more of a Das Kapital then a Wealth of Nations individual, not that individualism is a good thing.

    When he says he wants to fundamentally change the way America does business believe him. When he tells us we eat too much, live too large, waste energy driving private cars–he means it. This Methane Tax on cows and pigs, $20-$175 per animal? Payoff to his earth freak/animal rights supporters. And supposedly that would free up American grain for Kenya and the rest of the third world.

    When he tells you this will last for years-believe him-it is all part of the plan.

    There are those who thought Liberal Fascism: The Secret History of the American Left, From Mussolini to the Politics of Meaning by Jonah Goldberg was a bit over the top. No it was not; you just got a glimpse of the coming maelstrom.

    Jews first.

  28. #586586
    On January 8th, 2009 at 1:32 pm, Socky said:

    Shouldn’t you people be in church singing “Barack the Magic Negro”?

    Shouldn’t you be wearing your Obamajamas, sipping your Obamajuice, rubbing your Obamacoins while chanting “Yes, we can” in a glassy-eyed stupor?

  29. #586591
    On January 8th, 2009 at 1:36 pm, Socky said:

    Oh, sorry, you already were.

    Carry on.

  30. #586592
    On January 8th, 2009 at 1:37 pm, 30 pcs of silver said:

    On January 8th, 2009 at 1:32 pm, Socky said:

    :-)

  31. #586593
    On January 8th, 2009 at 1:37 pm, ChicagoRobb said:

    Here is a public works project we can get behind….
    Build the Wall between the U.S, and Mexico,

  32. #586595
    On January 8th, 2009 at 1:38 pm, ArizonaNeanderthal said:

    On January 8th, 2009 at 1:24 pm, Ilovemycountry said:

    Shouldn’t you people be in church singing “Barack the Magic Negro”?

    And you are humming the Internationale? Here-in 40 languages- if you don’t remember the words, Comrade Ilovemycountry.

    When it does fall apart perhaps we shall meet.

  33. #586603
    On January 8th, 2009 at 1:41 pm, rambler said:

    Barackonomics….. spending the money we haven’t made yet. Just counting the chickens before they hatch. What a plan for economic sucess!

  34. #586605
    On January 8th, 2009 at 1:43 pm, sonofdy said:

    SOCKY wins that one!!!

    I still think Ilovemycountry is just mad because bush has a bigger manhood than him.

  35. #586621
    On January 8th, 2009 at 1:51 pm, Socky said:

    I always pictured ILoveCuba as a chick… not an attractive chick, a middle-aged Code Pink angry lesbian type… but a chick nonetheless.

  36. #586623
    On January 8th, 2009 at 1:51 pm, Socky said:

    Which, aside from the word “him” does not rule out sonofdy’s theory.

  37. #586624
    On January 8th, 2009 at 1:55 pm, sonofdy said:

    Which, aside from the word “him” does not rule out sonofdy’s theory.

    Unless he used to be a her, we could both be right you know.

  38. #586630
    On January 8th, 2009 at 2:04 pm, Flyoverman said:

    “Those who do not learn the lessons of history are doomed to repeat them.”

    However, my favorite is that one of the definitions of insanity is when you know that something will not work, but repeat it anyway.

    Both fit.

  39. #586645
    On January 8th, 2009 at 2:20 pm, Papa Louie said:

    Ilovemycountry said:

    Shouldn’t you people be in church singing “Barack the Magic Negro”?

    What do you mean by “you people”?
    Don’t you know that Imus was suspended after using those words?

  40. #586651
    On January 8th, 2009 at 2:26 pm, John Deaux said:

    On January 8th, 2009 at 1:24 pm, Ilovemycountry said:
    Shouldn’t you people be in church singing “Barack the Magic Negro”?

    You mean the song with lyrics and music written by liberals?

    Personally, I hadn’t heard the song until recently. I would have picked up a copy, but that would have meant putting down my bible or gun.

  41. #586661
    On January 8th, 2009 at 2:48 pm, eaglehaslanded said:

    Way to cherry pick. There are numerous studies drawing exactly the opposite conclusion.

    “We have always known that heedless self-interest was bad morals; we know now that it is bad economics.”
    - Franklin Delano Roosevelt

  42. #586666
    On January 8th, 2009 at 2:54 pm, countrybumpkin said:

    The Liberals/Progressives/Socialists will tell you that the reason these programs have failed is because they were not properly funded and run by the right people.
    Did you not hear Obama say “We are the ones we’ve been waiting for.”, “Yes we can.”?
    What do you think he meant?

  43. #586670
    On January 8th, 2009 at 2:57 pm, Charly Martel said:

    JT re: #15,

    Obama used up all the KY getting elected. Now we are getting it dry.

  44. #586671
    On January 8th, 2009 at 2:58 pm, DanMan said:

    #11 Bear, I would like to put in my 2 cents as well. About two years ago I was looking at buying about 725 acres in or near Baytown, Tx. While I was doing some field work (geo-tech related) a old fellow approached that said he used to farm that property. He told me the current owner lived overseas, as far as he knew had never seen the property, and received a very sizeable income from the government not to put it into production. And he carried an ag exemption for property taxes! This is what our farm bill gets us.

  45. #586672
    On January 8th, 2009 at 3:01 pm, Sanddog said:

    There are several excellent books that have been published in the last few years about the great depression. I’d recommend Burton Folsom’s New Deal or Raw Deal? for a terrific overview of the time. He doesn’t lionize Roosevelt but shows a different view of a failed businessman, a paranoid “leader” who attacks his political enemies and the media using the IRS and FBI. This is a well sourced book that ought to have everyone reevaluating their hero worship of a man who caused untold misery during the 30’s.

  46. #586680
    On January 8th, 2009 at 3:16 pm, right4life said:

    On January 8th, 2009 at 2:48 pm, eaglehaslanded said:
    Way to cherry pick. There are numerous studies drawing exactly the opposite conclusion.

    written by democRAT stooges no doubt!

    “We have always known that heedless self-interest was bad morals; we know now that it is bad economics.”
    - Franklin Delano Roosevelt

    what BS…Roosevelt was a total FAILURE…he also handed over eastern europe to STALIN!!!

    only uneducated easily led fools liked roosevelt…like you…

  47. #586682
    On January 8th, 2009 at 3:17 pm, Charly Martel said:

    Sanddog,

    While we’re hero worshiping FDR, let’s not forget about Yalta and handing over eastern Europe to “Uncle Joe.”

  48. #586683
    On January 8th, 2009 at 3:18 pm, RedDog said:

    On January 8th, 2009 at 2:48 pm, eaglehaslanded said:
    Way to cherry pick. There are numerous studies drawing exactly the opposite conclusion.

    That’s true but none of them made any sense. A liberal view of economics is akin to prefering a Frankenstein baby to a real one. Unlike the book, no one has yet created life, nor by the same token has government “stimulated” anything but trouble in the realm of business and economics.

    My opinion is that laws should be enacted similar in intent to environmental laws, except with the purpose of mandating studies on the economic impact of any proposed congressional tampering with the economy. This is especially important since most of the politicians in Washington seem to have little basic understanding of economics and business management. I suppose this is because most of them are lawyers.

    Calling something the “American Economic Recovery and Reinvestment Act” sounds cool and intellectual but does not, by definition, make it rational or reasonable. Your comment implies that this is a subjective exercise, it is not.

  49. #586684
    On January 8th, 2009 at 3:19 pm, ArizonaNeanderthal said:

    On January 8th, 2009 at 2:48 pm, eaglehaslanded said:

    Way to cherry pick. There are numerous studies drawing exactly the opposite conclusion.

    “We have always known that heedless self-interest was bad morals; we know now that it is bad economics.”
    - Franklin Delano Roosevelt

    Cherry pick?

    Unemployment reached its highest peak in 1938-6 years AFTER FDR started his war with business and instituted the Fascist NRA-not the the National Rifle Association.

    But Leftist lie.

  50. #586685
    On January 8th, 2009 at 3:20 pm, right4life said:

    we’ve seen over and over and over again ad nauseum, that socialism does NOT work…yet glassy-eyed goons like eaglehascrashed think it works…

    its beyond stupid, its spiritual darkness…

  51. #586692
    On January 8th, 2009 at 3:27 pm, eaglehaslanded said:

    The Liberals/Progressives/Socialists will tell you that the reason these programs have failed is because they were not properly funded and run by the right people.
    Did you not hear Obama say “We are the ones we’ve been waiting for.”, “Yes we can.”?
    What do you think he meant?

    The great error in logic that’s made by so many conservatives is to look at the methods used to solve a problem or improve a situation and declare them failures because the problem has not been solved. In most cases, the idea was right and the plan was right but not enough was done. The question one should ask about, for example, the War on Poverty is not why poverty has not been eliminated but instead HOW MUCH WORSE the situation would be now if we had done nothing. Our efforts have not solved all the problems, but that does not mean that doing nothing or doing the opposite would have solved them – they would be infinitely worse now if that thinking had prevailed. And in the last eight years, we have seen this.

    A conservative will see someone throw a bucket or two of water on a burning building, note that the building still burned to the ground, and conclude that water made the fire worse.

    No, we should have had a fire hose.

    That means we all need to give all the water we can spare. Taxes on success should be going UP in a recession, because those lucky enough to still be doing well have the obligation to help those that are not until we can get back on our feet again. The next time, it might be you who needs the help.

  52. #586694
    On January 8th, 2009 at 3:28 pm, Charly Martel said:

    Red Dog has a real good idea in #48:

    My opinion is that laws should be enacted similar in intent to environmental laws, except with the purpose of mandating studies on the economic impact of any proposed congressional tampering with the economy. This is especially important since most of the politicians in Washington seem to have little basic understanding of economics and business management.

    Economic impact studies before ANY legislation could be passed. The more I think about it, the more I love it.

  53. #586695
    On January 8th, 2009 at 3:28 pm, John Deaux said:

    I’ll give FDR the benefit of the doubt. He was put in a difficult situation economically and did whatever he thought would work to solve the problem. Since much of the field of economics was in its infancy, he had little empirical evidence to work from and tried to build the economy from the bottom up by supporting the workers.

    Obama doesn’t have the luxury of ignorance. We now know that socialistic policies don’t work. If he tries another “New Deal”, then he has nobody to blame but himself when it fails.

    Of course eagle and others will never place the blame on him. It will always be Bush’s deficit, no matter how much Obama adds to it.

  54. #586697
    On January 8th, 2009 at 3:30 pm, MtsEdge said:

    Taxes on success should be going UP in a recession

    Give an example of when that idea worked.

  55. #586708
    On January 8th, 2009 at 3:47 pm, nail49 said:

    the War on Poverty is not why poverty has not been eliminated but instead HOW MUCH WORSE the situation would be now if we had done nothing.

    CrashingEagle:
    If we had not had a War on Poverty perhaps American black families would be more intact with an out-of-wedlock birth rate that wasn’t off the charts and with generations of working people instead of generations who had never seen anyone in the family ever get up and leave the house in the morning to go to work.

    My father was the oldest son of a dirt-poor family in Arkansas. He never graduated from college, but he left a legacy of hard work and pride in your self-worth that could NEVER have been gained by sitting on his backside drawing a gubbmint check.

    As I recall the Prevaricator-in-Chief known as the First Black President, signed the welfare reform bill that has done more for those in poverty than any hand-out has ever done. It got them to work for a living, rather than living for a check.

  56. #586714
    On January 8th, 2009 at 3:50 pm, right4life said:

    The question one should ask about, for example, the War on Poverty is not why poverty has not been eliminated but instead HOW MUCH WORSE the situation would be now if we had done nothing

    no the situation is FAR WORSE because the government tried to ‘help’. AFDC destroyed the black family, with the attendant increase in poverty, homelessness, crime…and dependency…which was the point of the ‘war’ on poverty…to increase dependency.

    That means we all need to give all the water we can spare. Taxes on success should be going UP in a recession, because those lucky enough to still be doing well have the obligation to help those that are not until we can get back on our feet again. The next time, it might be you who needs the help.

    this is literally insane. no one has an ‘obligation’ to help anyone else…and all government does is TAKE from those who have, to give those who they THINK don’t. it doesn’t work, it never has in the history of the world…it goes against logic and common sense…

    beyond stupid.

  57. #586721
    On January 8th, 2009 at 3:53 pm, MtsEdge said:

    As I recall the Prevaricator-in-Chief known as the First Black President, signed the welfare reform bill that has done more for those in poverty than any hand-out has ever done. It got them to work for a living, rather than living for a check.

    He wouldn’t have even signed it w/o the efforts of the Republican-majority Congress.

  58. #586735
    On January 8th, 2009 at 4:00 pm, right4life said:

    the road to hell is paved with good intentions…

    Take, for example, the calamitous decision in the 1960s to expand benefits under the Aid to Families with Dependent Children program. AFDC began during Franklin Roosevelt’s administration, intended to assist impoverished widows and their children. But its scope broadened during Lyndon Johnson’s administration to include payments to unmarried mothers with children. Why? Because the out-of-wedlock birthrate among blacks in 1963 stood at a record high of 23.6 percent, and thus many black parents were ineligible for help. The government, in effect, began sponsoring illegitimacy.

    By 2005, the out-of-wedlock birthrate among blacks had tripled to almost 70 percent. Is there any social pathology known to man not found disproportionately among children born out-of-wedlock? With only good intentions, the Johnson administration did more to undermine the structural integrity of the black family than did decades of Jim Crow laws, eventually spawning a degenerate urban culture in which the phrase “my baby’s daddy” eclipsed “my husband.”

    LBJ’s Great Society fiasco inaugurated the era of white-liberal-guilt politics, whose distorting effects have reverberated ever since. The 1970s brought forced busing in an effort to integrate under-performing, predominantly black inner city schools. This ignited white flight to the suburbs, which actually further segregated schools, eroded local tax bases, and thus cut funds for the very school systems busing was intended to help.

    Then there was affirmative action, a policy dating back to a Kennedy administration executive order barring federally funded projects from practicing racial discrimination in hiring or employment. Affirmative action soon evolved into the practice of discrimination in favor of blacks in order to redress past grievances. The consequence, when applied to college admission, was to channel black students into higher-tier schools than they were prepared for, thereby ensuring generation after generation of higher black dropout rates. A 2004 study published in the Stanford Law Review, for example, shows that affirmative action in law school admissions has resulted in significantly fewer black lawyers now practicing in the United States.

    link

    heckava job there democRATs…

  59. #586738
    On January 8th, 2009 at 4:04 pm, nail49 said:

    those lucky enough to still be doing well

    I don’t consider those of us still working to be “lucky.” We are hard working, we use our God-given talents to better ourselves and those we work for, and we didn’t just “pass” through school, we actually learned about life and how to succeed. When we failed, we expected to be told that we had and accepted responsibiilty for our failure and then pressed on. Since I retired from a 22-year career in the Air Force I have been a consultant in three different locations for four different companies. My “luck” involved more hard work than any other ingredient.

    Most of us did not expect a continual hand-out, but did accept a hand-up when we needed one. I earned a scholarship to help put myself through college (state University). It came with an obligation to serve in the AF, which I accepted as part of the agreement. I got my Masters (at another state University) at night on the GI BIll (again with an obligation attached) and I never thought about asking for either of those obligations to be forgiven or paid by someone else.

    I continue to work hard, save for my future by sacrificing now (we have one TV — not a huge flat-screen), our vacations are to visit family in neighboring states, not travel to Hawaii. Our only debt is our mortgage and a credit card we pay in full every month.

    Does that sound “lucky” to you?

    Tell me, when do those of us who work hard and are expected to continually “give” to improve the lot of those who will NOT do more for themselves finally get a break?

  60. #586739
    On January 8th, 2009 at 4:04 pm, ArizonaNeanderthal said:

    Sarkozy, Merkel, Blair call for new capitalism

    PARIS – The leaders of France and Germany appeared to put disagreements over economic policy behind them Thursday, calling on the U.S. to join global efforts to address the financial crisis.

    French President Nicolas Sarkozy, leading a two-day conference with former British Prime Minister Tony Blair on the future of capitalism, said the crisis has shown that no country can go it alone on economic policy.

    “In the 21st century, there it is no longer a single nation who can say what we should do or what we should think,” he said.

    German Chancellor Angela Merkel said the system “cannot continue as it is” and called for better-regulated financial markets.

    Two possible titles for this story:

    New World Order
    Brave New World

  61. #586741
    On January 8th, 2009 at 4:07 pm, John Deaux said:

    On January 8th, 2009 at 3:27 pm, eaglehaslanded said:
    That means we all need to give all the water we can spare. Taxes on success should be going UP in a recession, because those lucky enough to still be doing well have the obligation to help those that are not until we can get back on our feet again. The next time, it might be you who needs the help.

    Let’s see, Hoover raised taxes on the wealthy from 25% to 63% and raised corporate taxes by 15%. How exactly did that work out again? Oh right, it brought us the Great Depression.

    Try to stick with subjects you know at least a little about instead of spewing stupidity.

  62. #586742
    On January 8th, 2009 at 4:07 pm, right4life said:

    Two possible titles for this story:

    how about better buy your euros now, because soon dollars will be worthless toilet paper?

  63. #586753
    On January 8th, 2009 at 4:13 pm, hunter said:

    That means we all need to give all the water we can spare. Taxes on success should be going UP in a recession, because those lucky enough to still be doing well have the obligation to help those that are not until we can get back on our feet again.

    You are right, those that have should help those that do not and need the help. That is why I and most conservatives donate to charities that WE feel are worthy and do the job they are supposed to do. We do not think that we should be forced to pay more to a bloated bureaucracy to have them pay out to people that refuse to get up and help themselves.

    The next time, it might be you who needs the help.

    I really doubt it. I am in no way well off, but if things start to go south for me, I am smart enough to know to cut what I do not absolutly need, and if I were to lose my job, I am not to proud to flip burgers or clean a toilet.

    As a related note, why don’t you compare the pattern of libral charitable gifts to that of conservatives. Then explain how that meshes with raising taxes?

  64. #586762
    On January 8th, 2009 at 4:23 pm, graysonret said:

    Any historian, worth his/her salt, knows that FDR’s policies were a failure. I hear the FDA is still buying and burning some crops in order to keep prices high.(?)

  65. #586766
    On January 8th, 2009 at 4:25 pm, Papa Louie said:

    eaglehaslanded said:

    …In most cases, the idea was right and the plan was right but not enough was done.

    Now you know why the Left never learns from their mistakes. When their pet projects fail miserably it is not because it was a bad idea, it is because they didn’t go far enough.

    They never tire of using that excuse. If schools are failing, it is because they don’t have enough money. Never mind that we spend more on education than other countries who are ahead of us. Never mind that some of the worst schools (like DC) have the highest spending per pupil.

    If bailouts, higher taxes, and massive government spending make the economy worse, the Left will not question the correctness of such policies. Instead, they will claim the government just didn’t spend enough or didn’t raise taxes high enough. Sometimes it’s a good idea to make sure the bucket contains water and not gasoline before trying to douse the fire.

  66. #586767
    On January 8th, 2009 at 4:25 pm, MtsEdge said:

    lucky enough to still be doing well

    common liberal fallacy: our lot in life is based on “luck”

  67. #586806
    On January 8th, 2009 at 4:56 pm, Regulus said:

    I forget who wrote it, but I read not too long ago an interesting tidbit to the effect that only in the United States is the 1930s depression known as the “Great” depression.

    Everywhere else, it’s just remembered as “the depression.” One can’t help but to wonder how much of a role Roosevelt’s misguided economic policies played in creating this distinction.

    The great error in logic that’s made by so many conservatives is to look at the methods used to solve a problem or improve a situation and declare them failures because the problem has not been solved. In most cases, the idea was right and the plan was right but not enough was done.

    – And the great error of leftist “logic” is that leftists perceive the scientific method in the same way that a spoon perceives the taste of food: instead of taking in all the evidence and following where it leads, they begin with the Cherished Preconclusion and work backwards to “prove” it. “Yeah, we know massive government intervention in the market has been tried before and failed miserably, but not enough was done before; this time we’ll get it right!”

    It’s rationalizations like that which explain why Marxism never goes out of style among the Left no matter how many millions it kills and no matter how many societies it has bankrupted and enslaved: they just keep repackaging and relabeling it, expecting that this time it’ll work out right because it’s going to be implemented by their enlightened selves.

    The question one should ask about, for example, the War on Poverty is not why poverty has not been eliminated but instead HOW MUCH WORSE the situation would be now if we had done nothing.

    Again, Mr. Spoon, explain to us all how that food tastes. Something leftists can never wrap their heads around is “The Law of Unintended Consequences,” of which the Great Society and its “War on Poverty” were perfect examples: sinking more than a trillion dollars into things like welfare, which ended up having no appreciable impact on the poverty rate while contributing to a tripling of the out-of-wedlock birth rate among blacks. Oops.

    “But it’s the thought that counts,” right?

    The only people worse than those who don’t learn from history are those who look squarely at historical lessons and choose to deny them — so they can keep clinging to totalitarian and murderous ideologies, oppressive and morally rudderless social policies, and proven failed pseudo-economic nostrums.

    “We found that a relapse isn’t likely unless lawmakers gum up a recovery with ill-conceived stimulus policies.” What’s past is prologue, it seems…

  68. #586820
    On January 8th, 2009 at 5:05 pm, RedDog said:

    On January 8th, 2009 at 4:25 pm, MtsEdge said:
    lucky enough to still be doing well.

    common liberal fallacy: our lot in life is based on “luck”

    Or, in the case of liberal crooks like Mark Cuban, fraud. He was lucky enough to con thousands of people to invest in his dot com business then sell off his stock before the Clinton crash. Sweet! Hey Mark, are you down with Obie’s plan? I hope he takes all of your ill-gotten gains. You crook.

  69. #586836
    On January 8th, 2009 at 5:24 pm, Papa Louie said:

    Taxes on success should be going UP in a recession…

    So, your plan is to punish success in hopes of getting more of it, and to reward poverty in hopes of getting less of it. Is that Right?

    If Liberals really believe that taxing success will increase success, why don’t they call for higher taxes on alternative energy? By such backward logic higher taxes on ethanol should encourage its use, and subsidies for oil should discourage its use. But you won’t see them call for that because they don’t really believe it. They only use such backward logic when they want an excuse to punish the rich and successful and to reward poverty and failure.

  70. #586887
    On January 8th, 2009 at 6:12 pm, countrybumpkin said:

    Ah, but Liberals should only be judged for their feelings and intentions, never the result of their actions.

  71. #586898
    On January 8th, 2009 at 6:20 pm, drfredc said:

    Obama is so great,
    Can’t wait to bend over
    and assimilate.

  72. #586925
    On January 8th, 2009 at 6:59 pm, SHoward said:

    As the great Maha Rushie reminds us often, Liberals believe that Socialism will work, just the right people haven’t tried it yet.

    eagle, billions have been wasted over the years on the failed policies of the left. Just how much is enough? You’re kind of a moron, you know. You’re actually parroting the same tired liberal message that has been around and failed for decades.

  73. #586935
    On January 8th, 2009 at 7:07 pm, MtsEdge said:

    On January 8th, 2009 at 6:20 pm, drfredc said:

    great haiku! :)

  74. #586938
    On January 8th, 2009 at 7:16 pm, eaglehaslanded said:

    This era is over. Reagan sucked:

    http://crooksandliars.com/john-amato/obama

    You’re hanging on to an ideology whose time has passed.

    Why do you think McKain ran to the left? Because he wanted to win. You think he would have done better by appealing to a declining base of older white guys desperately clinging to “tradition” against a wave of immigrants and new generations who see government, people coming together, as the answer and not the problem?

    It’s “We the people”, not “Me the people”.

  75. #586943
    On January 8th, 2009 at 7:22 pm, MtsEdge said:

    Because he wanted to win.

    Worked real well for him, didn’t it?

  76. #586962
    On January 8th, 2009 at 7:50 pm, alaskangrizzly said:

    On January 8th, 2009 at 4:56 pm, Regulus said:

    Well said Regulus, thanks for stomping commieagle into oblivion.

  77. #586994
    On January 8th, 2009 at 8:33 pm, SHoward said:

    eagle(whatever), here’s a little tidbit.

    Before the last election, a little dark-skinned female cashier at my grocery store was lamenting about the possible outcome. She was afraid that if Odopey won, we were all going to suffer. She’s not caucasian, and not even from here, she’s from a dirt poor foreign country that tried socialism. An idea whose time has long passed.

    Kepp beating that tired drum if you want to, but it ain’t just a bunch of old white guys that pine for better days.

    You’re still a moron.

  78. #587044
    On January 8th, 2009 at 10:12 pm, Wellsy said:

    The sad fact is that like FDR, Obama is using economic hardship to push through a massively expensive agenda and will either prolong our woes or bankrupt this country. Probably both. Sorry, eagle, this isn’t a left-of-center nation. Both candidates tried to tack to center-right during the general campaign. Although the hard left is acting more patriotic these days.

  79. #587055
    On January 8th, 2009 at 10:35 pm, right4life said:

    On January 8th, 2009 at 7:16 pm, eaglehaslanded said:
    This era is over. Reagan sucked:

    you suck you piece of trash.

    Why do you think McKain ran to the left? Because he wanted to win.

    uh he lost moron. :roll:

    against a wave of immigrants and new generations who see government, people coming together, as the answer and not the problem?

    your savior is coming…enjoy your mark…and hell follows…rot in it.

  80. #587191
    On January 9th, 2009 at 8:51 am, nail49 said:

    EHL wrote: It’s “We the people”

    And 52% of the Sheeple didn’t get it! They think they can count on the other 48% to continually support them in the lifestyle to which they have become accustomed: Flat-panel, big screen, HD TV, satellite dish, two cars, cell phone, air conditioned home, free rent, food stamps, and never have to lift a finger.

    What liberals decry as poverty in this country is what MOST foreign citizens would consider living the “High life.”

    Those “We” who voted with you, EagleDropping, are mostly those who still believe government exists to make their life cushy.

    Read carefully, I’ll spell it out for you: The US Government exists to guarantee the life and liberty of its citizens. That is so they can pursue whatever it is that makes them happy. If you would be happy taking a 12-month vacation in Tahiti, you are free to work toward that goal as the government allows you to go to work safely and keep MOST of your earnings. It will also give you a passport so you can travel. However, it is not the role of the government to pay your way to Tahiti along with your hotel bill and dining bills and to guarantee your job so you will be employed when you return.

  81. #587334
    On January 9th, 2009 at 10:43 am, SHoward said:

    EagleDropping

    He he, dat funny, nail. That’s just the moniker replacement I was looking for to best suit our friend with 3 living brain cells.

  82. #588200
    On January 10th, 2009 at 12:13 pm, GraniteMan said:

    kwyoung:Obama said repeatedly on the campaign trail he would surround himself with people who would “challenge his thinking.” Who exactly has he surrounded himself with to challenge his thinking and what are they thinking about?

    Hide the Interns they’re back!

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