‘The Forgotten Man’ Demands Unfavorable Comparison Between Obama And FDR

From Wise and Frugal Government:

History Repeating Itself and Not in a Good Way

Do yourself a favor and get a copy of Amity Shlaes’ The Forgotten Man, A New History of the Great Depression. Barack Obama’s presidency and his economic policies are placed in context once you read Shlaes’ account of FDR and his policies. Written in 2007, there is no way Shlaes could have manipulated the similarities.

Consider this account of the Roosevelt Administration in 1937, four and a half years after the New Deal was introduced and the economy refused to budge. She refers to this time as “a depression within the Depression. “
“…the Economist would conclude…that the United States “seemed to have forgotten, for the moment, how to grow.”

Yet Washington was doing all the wrong things. Officials in the capital seemed arrogant, obsessed with numbers, and oblivious to the pain the nation was suffering. People were angry that Congress and the president had recently raised taxes. With business so hard, why make it harder?” (2)

Sound familiar? Shlaes continues with a story of the treasury secretary giving a speech before the Academy of Political Science during this time:
“There had been a national emergency in the past, the secretary told listeners. But now it no longer existed. The secretary then went on to conclude that the country must now “continue progress toward a balance of the federal budget.”

A member of the audience laughed out loud in shock. The remark seemed so much at odds with the painful reality of that November.

…Washington had already made thousands of efforts to help the economy, yet those efforts had not brought prosperity.” (3)

Policy is not where the similarities end. “Roosevelt offered rhetorical optimism, but pessimism underlay his policies. …Roosevelt cared little for constitutional niceties and believed they blocked progress. His remedies were on a greater scale and often inspired by socialist or fascist models abroad.” (6)

And finally: “The problem was their naivete about the economic value of Soviet-style or European-style collectivism–and the fact that they forced such collectivism upon their own country.” (7)
Arm yourself with historical fact. Read The Forgotten Man. For as Jefferson said, “If a nation expects to be ignorant and free in a state of civilization, it expects what never was and never will be.”

Sure sounds familiar to me.

I mean, “rhetorical optimism” sounds a lot like “hope and change.”

The basic premise of Amity Schlaes’ The Forgotten Man is one shared by economist Robert Higgs, namely, that the paralyzing uncertainty over the FDR administration’s strategy actively discouraged business from investing or hiring as they struggled to respond to the government’s numerous and simultaneous counterproductive policies.

This is something that has been going on since Obama took office.

Some recent articles I’ve written on this area (all having numerous supporting resources):

Obama’s Backdoor Taxation And The Coming Consequences Of Obamanomics

Obama Bank Restructure Attacks Market, Terrifies Investors, Hamstrings Economy

VIA CNBC: ‘Many Firms Reluctant To Hire Because Of [Democrats’] Taxes, Rules’

Obama Job Summit Deliberately Snubs Primary Job Creators

Liberals Say Recession Behind Us While Small Businesses Go Belly Up

Obama Continues Rampant Dishonesty With Stimulus ‘Jobs ‘

Why Is American Unemployment Under Obama Rising Faster Than In Other Countries?

Even Liberals Realizing Obama Has Been Total Bust At Creating Jobs

China Alarmed By Obama’s Deficits, Shocking Irresponsibility

Miniumum Wage Increase Means Maximum Employment Decrease

Tax Increases on ‘Rich’ People Planned by Democrats Would Hit Over A Million Small Businesses

An important article for consideration is this one:

Obama Administration Admits It Will Leave Unemployment Higher Than It Found It

because it jives so well with what history told us about the result of FDR’s policies as told by his very own treasury secretary:

“We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong… somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises… I say after eight years of this Administration we have just as much unemployment as when we started… And an enormous debt to boot!” – Henry Morganthau, FDR’s Treasury Secretary, May 1939

In April 1939, for the record – a full six years and change after FDR assumed office – unemployment was still at 20.7%

Tags: , , , , , , , , , , , , , , , , ,

8 Responses to “‘The Forgotten Man’ Demands Unfavorable Comparison Between Obama And FDR”

  1. themadjewess Says:

    My husband wrote a nice piece on this at the top of my blog. I think you would like it.
    I miss America and am getting ready to go vote.

  2. Michael Eden Says:

    You’ve obviously got too much class to “pimp your blog” on someone else’s site, madjewess.

    So let me “pimp it” for you.

    Must C: “The Forgotten Man” By David Ben Moshe

    We are an apathetic generation. And an apathetic generation not only doesn’t mind a government that systematically takes over every aspect of our lives, but it outright welcomes it.

  3. themadjewess Says:

    Awww, how sweet :D That was nice, ty.
    I have pimped my site up a few times, like 5 over 2 years, I think it very rude.
    You really are nice, God Bless.

  4. Michael Eden Says:

    And God bless you.

    I surveyed your site while I linked to the article. Liked it.

    We conservative Jews and Christians have something pretty wonderful in common: it’s called “the Judeo-Christian worldview.” And I’m a great big fan of it.

    Part of that worldview involves “praying for the peace of Jerusalem” (Psalm 122:6). And, for the record, that means peace in the sense of “shalom” (not just absence from conflict, but well being, wholeness, abundance and the flourishing of God’s people), and NOT in the sense of Islam (which is often falsely translated as “peace” but actually means “submission”).

    So keep up the good work. And may you have the right kind of peace while you’re doing it!

  5. themadjewess Says:

    TY Mike Eden.
    Usually I get a bunch of Jew hate that I always have to fight off, and am thought of as a ‘traitor’ by many self proclaimed Christians. However, I know this is not the case.
    True, my Mom was a Portugee/Jew, I love the New Testament, I love both the Jewish faith, minus the fables, and The New Testament.

    I did not have peace for real, too burdened with this nation going to the dogs.

    5 days before this last election, I felt more peace, like a darkness left me. I cannot say why, because I am sure that the GOP is no good as well–maybe God is giving me rest? I dont know.
    I wish you peace as well, God Bless you :D

  6. Michael Eden Says:

    MadJewess,

    A very important distinction in the term “God’s people” is that between Christians and Jews.

    Don’t take the following as me trying to “convert” you. I just wanted to offer an explanation.

    A very major but profoundly wrong view of many Christians is that the Christian church “replaced” Israel – and that Israel ceased to exist in God’s prophetic/historic timetable. It wasn’t so in the early church; it happened later. Why is this? I believe because Israel was so wiped out – as Jesus of Nazareth correctly foretold (see Mark 13:1-2) – that Christian thinkers such as Augustine thought that Israel was gone forever. So they essentially “re-wrote” their eschatology (the doctrine of last things).

    But in the early 19th century, Christian thinkers such as Charles Nelson Darby began to look at the thought of the early church, and at the Bible, and realized that national Israel would have to be reborn. And, further, that it simply was not in God’s holy character to abandon Israel, or the Jew. God would restore Israel; He would bring Israel back. And all you had to do to clearly see it was read the book of Revelation with any kind of literalness (see Rev 7:1-8, for one example).

    Darby predicted that there would be a national Israel 100 years before there was a national Israel. He said Israel would be reborn because he understood Scripture. And the first “Zionists” who sent money for the rebirth of national Israel were actually Christians. Look into Increase Mather, John Cotton, Ezra Stiles, Asa McFarland, David Austin of New Haven. And Christians partnered with Zionist Jews, as well. Mordecai Manuel Noah, a Jew who wanted to found a national home for the Jews on Grand Island in New York as a way station on the way to the holy land, won widespread Christian backing for his project. I’m not trying to take anything away from the incredible role of Jews in the miracle of 1948. But generations of Christians helped plant the seed. And it was Christian America which was the very first nation to recognize Israel.

    I believe that God will one day fulfill every single promise made to national Israel. He will fulfill national boundaries that He promised, but which were never yet fulfilled in history. He will fulfill His promise of a David on the throne forever. He will fulfill His promise that all the gentile nations would go up to Jerusalem to worship.

    I believe that time will happen in the 1,000-year period called “the Millennium” and referred to in Revelation.

    I believe that Jews are still “God’s people” and that God has not abandoned Israel.

    I am a Christian; which means that I believe that Jesus’s words as “the way, the truth, and the life” (John 14:6) are completely true. I believe when Zechariah 12:10 says,

    “I will pour out on the house of David and on the inhabitants of Jerusalem, the Spirit of grace and of supplication, so that they will look on Me whom they have pierced; and they will mourn for Him, as one mourns for an only son, and they will weep bitterly over Him like the bitter weeping over a firstborn.”

    That it refers to national Israel recognizing Jesus as their crucified (pierced) Messiah.

    So I regard Jews as future brothers and sisters. I regard them as God’s people, whom God will one day restore.

    Are Jews “Christ killers”? Not if one understands Christian theology. Jesus said in John 10:18,

    “No one can take my life from me. I sacrifice it voluntarily. For I have the authority to lay it down when I want to and also to take it up again. For this is what my Father has commanded.”

    Jews didn’t “kill Christ” any more than I did. Actually, to be completely accurate, it was ROMANS who killed Christ. Christ voluntarily laid down His life as a substitutionary sacrifice in my place. He died for the sins of the world, not because “Jews” killed Him.

    Blaming Jews is both ignorant and wicked.

    So, while I am consistently Christian in my theology, I celebrate Jews as “God’s people.” God revealed Himself through the Jews. The Jews gave us the Bible. Jesus was a Jew. And the apostles were all Jews. Which is to say that it is not in spite of, but BECAUSE of, my orthodox Christian faith that I love Israel and I love the Jews.

    Paul in the book of Romans describes Gentile Christians as being “grafted in” to the olive tree (Israel) of salvation. That tree was grown from the seed of Abraham.

    I am saved because of a Bible that Jews wrote, and because of a Jewish man named Jesus bar Joseph. And I am very grateful.

    Christians and Jews have the same worldview. “Judeo-Christian” very accurately describes my worldview. I believe it should describe every true Christian’s worldview.

    Finally, I believe that Israel and Jews serve as “God’s canary.” The idea of the canary in the mine, the canary serving to describe the poison in the mines. When a nation or a culture persecutes Jews (and today persecutes Israel), that is a barometer of the morality of that nation. And you mess with God’s people at your peril.

    A good Muslim hates Israel, and hates the Jews. A good Christian loves Israel and loves the Jews dearly.

    Which is why I, too, can say, and may God bless you. In belief that He truly will so bless you as a Jew.

    As for the last, if Republicans learned their lesson, and actually govern according to their principles, they will be great. Otherwise, they’ll STILL be better than Democrats, merely by how rotten Democrats have truly become.

  7. themadjewess Says:

    Yes, I know- YeShua is the Jewish Messiah :D
    Its just I face a lot of Jew hate, and dont talk about my belief in Jesus online with Christians-because it is sad-but many so called Christians really hate my peoples gutts.

    I went to church at 22 yrs of age, it was a faith church, all of my friends used to take me to Christian concerts, and I wanted the light they had, so I went to church–I was drunk too! And, instantaneously, I was SOBER!

    I have had in and outs, ups and downs, but I love Jesus and I talk to the Holy Spirit everyday, OR as much as I can!

    No need to fear for me, I am saved. Yes, I have been slidden back time after time, but I am OK.

    I have gotten seriously wounded online. Christians have the DUTY to love gods little people, why? Because they are grafted in, and Jews cannot see what God has opened the gentiles up to., and it hurts me so bad when I encounter a “Christian” that just hates Israel, and says there is no Israel, etc.

    Anyway, I am doing on, its just that it is hard to trust online and open up too much. I have a lot of love that God has put in my heart, and was foolish enough to believe that most people are ‘good’, when the bible says quite specifically that NONE ARE good, no not one. Except YeShua and Yahveh (HaShem)

    thank you for all of this, you made my day.
    shalom to you and yours

  8. Michael Eden Says:

    I am so pleased that you found the Messiah! And so saddened by the ignorant hatred you have found by people who call themselves (and possibly even are) Christians.

    Martin Luther (who had his own “issues”) once said, “I’d rather be governed by a wise Turk than a stupid Christian.” That is so true. Another proverbial saying that is true is “If you ever find a perfect church, don’t go. Because you’d ruin it.” Which is another way of saying there ARE no perfect churches. And the only perfect Christian so far has been Christ.

    In fact, Christianity is the only religion in which you have to admit you are a sinner in order to join.

    I know what you are talking about, Mad Jewess. The nastiest hate I’ve ever had has been from “Christians” who have attacked me just for SUPPORTING Jews. Don’t want to even think about what they’d say if I WAS a Jew.

    I want every Jew to know, it is BECAUSE I’m a Christian that I LOVE YOU.

    There is a continuity to the Bible. It’s not like you have your “Old Testament,” and then a completely different religion.

    Jesus came as the fulfillment of hundreds of prophecies beginning with the protoevangelium of Genesis 3:15 to Eve in the garden. And, in the life of Israel and through her prophets, we learn more and more about this coming Messiah.

    And what fool believes that God – who gave birth to Israel, who called Israel “My son” (e.g. Hosea 11:1) – just abandoned His child? I mean, just what kind of a Father do they think God is???

    One of the greatest reads I’ve ever experienced was a book titled, “O Jerusalem.” It is the account of the miraculous birth of Israel in 1948, against all odds.

    There is a famous story in which the Kaiser asks Bismarck, “Can you prove the existence of God?” And Bismarck replies, “The Jews, your majesty. The Jews.” And that was BEFORE the miracle of 1948!!!

    I am English, Mad Jewess (with a quarter of Swedish thrown in). I am very proud of my ancestry, because the English have accomplished so much. By the same token, I believe that most every ethnic people group have something in their history, some period or heyday, by which they should be legitimately proud.

    But no one – NO ONE – has more to be proud of than a Jew. For all the suffering of Jews, they have remained the most divinely-blessed people. No one could have survived what the Jews have survived, unless God was with them. Most cultures that have experienced only a tiny fraction of the disasters and crises faced by Jews have long-since been destroyed or simply faded away.

    Here’s an article you need to read whenever you get down do to all the attacks against Jews, titled, “A Measure of Their Achievement.”

    And would you expect the people to whom God uniquely revealed Himself to be any less?

    Apart from Satan – who has ALWAYS wanted to exterminate the Jews (going back to Esther 3:8-9) – I think it is pure wicked jealousy that makes people irrationally hate the Jew.

    The more God loves you, the more the world hates you.

    I love the Jews because I love the Bible that was written by Jewish prophets.

    Thank God for the Jews!!!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s


%d bloggers like this: