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Daily Archives: December 28, 2012

Jobs recessions, anemic growth, and declining living standards don’t have to last this long in America

Who knew that the mere listing of Jim Powell’s 2003 book, FDR’s Folly: How Roosevelt and his New Deal prolonged the Great Depression, among those in a recent column chronicling literary works I have found most informative and influential to my post-matriculation economic education, would subject me to the wrath of a usually astute political observer from a neighboring state accusing me of not recognizing FDR’s relative 20th Century presidential greatness  with an ad hominem attack against the “Reagan Myth”, thrown in for good measure?

Given everything not included in my K-12 and university curricula concerning A.D. 1929-1941 (not to mention so-called Robber Barons in the 19th C. and the so-called “McCarthy Era” of the 1950s), and considering how long and severe were the Great Depression years; it would be a folly greater than any engaged in by President Franklin Delano Roosevelt for a nation in A.D. 2012, immersed in dire economic circumstances rivaled in American history only by those presided over by FDR and the Democrats, for us NOT to re-visit the economic policies of the 1930s.

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