Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

What could FDR have *realistically* done about the economy?

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
Naturyl Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-06-10 02:19 PM
Original message
What could FDR have *realistically* done about the economy?
Instead of going crazy and plunging off the liberal deep end, costing him 4 terms, how could FDR have avoided being a one-term president by compromising with big money and finding a reasonable, sane, moderate compromise?

{Note, I'm not confused about history. The factually incorrect statements in this post have a purpose, which should be obvious}
Printer Friendly | Permalink |  | Top
patricia92243 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-06-10 02:52 PM
Response to Original message
1. Well all the jobs had not been shipped overseas at FDR's time, and that is the beginning and end of
all our problems - so I don't know what he would have done. "They" say the jobs will never come back, so I don't know the answer for FDR or the President. Will be interested to see what others have to say on this subject.
Printer Friendly | Permalink |  | Top
 
BrklynLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-06-10 02:52 PM
Response to Original message
2. Interesting question...
Edited on Sat Nov-06-10 02:56 PM by BrklynLiberal
http://www.answers.com/topic/franklin-d-roosevelt

<snip>
In his address, he declared that "the only thing we have to fear is fear itself". The country "asks for action, and action now. Our greatest primary task is to put people to work".

No sooner was he ensconced in the White House than he embarked on a hectic programme of reform. He closed the banks for four days. Congress was summoned into special session on 9 March and in a 100-day sitting was sent a raft of measures. Greater powers were taken to control the economy. The Emergency Banking Relief Act gave the President and the Treasury greater powers over the control of credit, currency, and foreign exchange. By resolution of Congress, the USA went off the gold standard. Public spending was reduced — the Economy Act cut federal salaries — and tax revenue increased: the Beer-Wine Revenue Act legalized the sale of the drinks and brought them within the tax mechanism. (Prohibition was repealed with the successful passage of the 21st Amendment.) The best-known measures were those providing federal relief. The Federal Emergency Relief Act gave direct relief to the states and localities, the Agricultural Adjustment Act subsidized farmers, the National Industrial Recovery Act established the Public Works Administration to create work in construction as well as protecting the rights of labour, and the Civilian Conservation Corps was founded to provide work for young men in public works projects. The Tennessee Valley Authority was created to administer a massive works programme throughout the Tennessee Valley, providing work for thousands, building dams, and generating an unprecedented public utility in the form of electricity.

The measures provided the basis for Roosevelt's New Deal. Even after the famous first "100 Days", Roosevelt was not finished. Later measures followed. Greater regulation of the economy and the stock market was introduced. More public works projects were established. Labour rights were extended. The Social Security Act of 1935 broke new ground in making provision for relief to the unemployed, the disabled, the needy, and for retirement payments to the elderly. Within three years of taking office, Roosevelt had changed dramatically the relationship between the public and private sector in making provision for the citizen.


Roosevelt's New Deal measures helped restore public confidence but they attracted opposition from significant sections of the business community and especially many in the financial community. Some of the measures also fell foul of the Supreme Court. In May 1935, the court struck down the National Industrial Recovery Act as unconstitutional, claiming that it imposed regulations on intrastate activity not permitted by the constitution. The Agricultural Adjustment Act and other acts were also later struck down.
<snip>
Printer Friendly | Permalink |  | Top
 
SidDithers Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-06-10 03:12 PM
Response to Original message
3. Perhaps the most brilliant OP ever posted at DU...
Edited on Sat Nov-06-10 03:23 PM by SidDithers
kudos, this post is literally genius. It's art. I laughed, I cried, it was better than Cats.

Sid
Printer Friendly | Permalink |  | Top
 
BzaDem Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-06-10 03:13 PM
Response to Reply #3
4. It's actually one of the dumbest posts. FDR would have gotten NOTHING done with today's Senate.
Absolutely nothing.
Printer Friendly | Permalink |  | Top
 
leftstreet Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-06-10 03:14 PM
Response to Original message
5. LOLOL K&R
Good job!

:thumbsup:
Printer Friendly | Permalink |  | Top
 
Recursion Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-06-10 03:49 PM
Response to Original message
6. He sure didn't get many results the first 2 years, did he? NT
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Dec 26th 2024, 05:40 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC