At the Economic Club of Pittsburgh, Democratic presidential candidate Kamala Harris just said she would “engage in what Franklin Roosevelt called’ strong, consistent experimentation,'” as he had told the 1932 graduating school at Oglethorpe University. However, she neglected to mention FDR’s “remaking the world,” which required fundamental changes to “our famous economic thought” to achieve” a wiser, more equal distribution of the nationwide income.”
Rather, she said she would get “practical solutions” and yet declared,” I am a bourgeois”. She said she’s “been working with businesses and firm masters” for her “whole job”. ( No one has yet even been able to verify Harris ‘ job at McDonald’s. )
She also proclaimed her support for” an effective relationship between government and the private business,” which came across as a resounding ode to FDR at the Commonwealth Club in San Francisco in September 1932. There he called for a new “economic constitutional order” built together by an “enlightened administration” and “enlightened businessmen” who together would” ]adjust ] production to consumption”.
However, Wall Street gambler Bernard Baruch, the largest contribution to the Roosevelt campaign, had the intention to control production and repair prices. He got the wish he paid for, the NRA ( National Recovery Administration ). In the same way, Mark Cuban, a Harris follower, and businessman Mark Cuban are competing for the position of head of the Securities and Exchange Commission, calling those who refer to Harris as “idiots”
It was normal that Harris had offer Roosevelt. Biden referenced FDR in his speeches, especially in his last State of the Union address, when he invoked the” Four Freedoms“, which became the basis of his campaign ( before it was usurped by Harris ). The internet hailed Barack Obama as the second coming of FDR, with the Nov. 24, 2008, Time newspaper support showing Obama posed as FDR in a convertible, clenching the quality cigarette-holder.
But as Ben Shapiro pointed out, Roosevelt’s “bold, frequent research” really prolonged the Despair. But also warned James Freeman. Freeman cited Amity Shlaes as evidence that FDR’s impatience made it impossible for businesses to make plans in advance.
FDR’s Knowledge
However, as I point out in my guide, FDR was scarcely capable of keeping a continual thought, flitting from one area to another, like Harris does in “word veggies”. He may advise two officials to reach a compromise between solutions that were radically opposed. He would include conflicting assertions in the same speech. He made no effort to study and had no idea what economics was. His international policy was dictated by lessons he learned as a child.
However, he perceived that he was qualified to oversee the economic and social affairs of all Americans.
FDR experimented, however. He followed the economic theories of his Brain Trust (” cornfield philosophers” with Ph. D. s, as John T. Flynn called them ). The Brain Trust instructed farmers to push under crops and then tax processors in late spring 1933, rather than letting prices bottom out and the market recover as it did after World War One. The NRA fixed rates, driving out small companies.
The effect? People who are now starving are faced with increased food prices and shortages.
Harris ‘ “first-ever national restrictions on commercial cost cutting” by food firms promises the same results.
The Politically Connected
Another creative concept was to seize the metal that Americans had been “hoarding.” By threatening a 10-year prison term and a fine of$ 10,000, the majority of Americans were ordered to hand in gold bars and even Christmas gold coins. Next, using combinations of “lucky figures,” FDR determined the price of gold.
But Baruch kept his metal. Now, politically connected investment market speculators, electronic. g., those married to the original Democratic Speaker of the House, use enhance knowledge about policy to buy stocks at a profit.
Also, Harris ‘ financial plans will not provide the “opportunity” she promises to all equally. Federal funds may be distributed carefully in the manner that FDR did with the judge votes. She promises to increase the startup deduction from$ 5, 000 to$ 50, 000 and “provide low- and no-interest loans” to small businesses. On what base? Does the money be forgiven, simply like student money? As business owner Chad O. Jackson asks, is even a$ 5, 000 loan needed to start a business?
Redistribution of Wealth
On MSNBC, after her discourse, Harris said that she would reduce the “red audio” involved in housing and low-income housing development. She stated that some of the work will be accomplished by what we do in terms of providing benefits and aid to state and local governments in relation to travel funds and looking critically at the link between that and housing, and looking critically at the incentives we in the federal government can make for local and state governments to actually participate in planning in a systematic manner that includes emphasizing affordable housing for working people.
We can see from this holistic mess that federal assistance will be reliant on the location of the housing ( near public transit ). These requirements add more “red strip” and an aggravation of a government-caused housing crisis.
Her”$ 25, 000 down payment assistance for first-time consumers”, she explains, had think” creating the potential of that working people to create generational wealth”.
Like FDR, she wants a redistribution of wealth. Her “intergenerational wealth,” which she twice mentioned in her conversation and then on MSNBC, echoes Nikole Hannah-Jones ‘ request for reparations because of benefits in white “generational wealth” Harris is a huge lover of Hannah-Jones. She called Hannah-Jones ‘ 1619 Project a “masterpiece” that told the” truth” of how” the very foundation of our country was built on the backs of enslaved people”. Which first-time consumers will acquire$ 25, 000 from the state? Look at the design Evanston, Illinois, reparations system. Number one priority is “restorative cover”.
Democrats appear to believe that quoting FDR did magically comfort citizens. Tim Walz, the vice presidential candidate, attempted to rescue a fatal discussion by paraphrasing FDR’s absurd claim that one has nothing to fear but “fear itself.”
FDR’s True Tradition
History books quote his phrase around fear as if it were a stone of depth and place the blame for the prolonged Depression on various factors, such as obstinate Republicans and judges, which were largely written by FDR supporters. Some claim that FDR did not spend enough money. He was a hero because he served as president during the depression and war, and because of his long-established celebrity status as a Roosevelt.
The Great Depression was” a catastrophic economic crisis that Roosevelt failed to resolve, at least not until World War II came along,” according to historian David M. Kennedy. But FDR had “larger purposes”. In 1937, as a second depression hit, FDR worried that economic recovery might be “politically premature“. It might “dismantle the fragile edifice of reforms” he had instituted, and it might weaken the executive branch.
So, Roosevelt’s “reforms” and his power in the executive branch were more important than the well-being of Americans, whose life expectancy was declining. According to Kennedy, the president knew the Depression offered” a rare political opportunity, and Roosevelt made the most of it, to the nation’s lasting benefit”.
What is assumed to be the “lasting benefit” includes such things as unemployment insurance, Social Security, and banking deposit insurance. But these programs ‘ costs are borne by consumers. Americans ‘ taxes pay for deposit insurance. While” too big to fail” financial institutions were bailed out during the 2008-2009 recession, average Americans lost their homes. Under Democrat” Green New Deals”, politically connected companies, from Solyndra to Blue Whale Materials, get the loans and contracts. Obama’s make-work plan, with huge signs announcing the American Recovery and Reinvestment Act of 2009 at sidewalks that went nowhere, mimicked the make-work boondoggling of the FDR administration. In both administrations, Washington, D. C., grew and prospered. FDR never truly helped the country get out of the depression. Obama’s first-term recovery was the slowest one ever.
Kamala Harris wants to strengthen the government to achieve political leadership and transform the nation, just like FDR. If more Americans understood the real FDR, they would be able to see that they do have something to fear: another FDR-like administration.