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FDR's Folly: How Roosevelt and His New Deal Prolonged the Great Depression

por Jim Powell

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A study of the Great Depression argues that Roosevelt's flawed economic policies had a profound and dangerous impact on America and that the New Deal actually prolonged the hardship rather than provided a lasting solution.
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This book pummels the hoary myth that FDR got America out of the Depression. FDR didn't get America out of the Great Depression, however he made people feel. Too many things are of note, here but let me give you the gist: (1) FDR's policies were ad hoc, and did not fix the depression; (2) FDR's policies, in fact, prolonged the depression because they increased taxes, added regulations, and did not allow businessmen of all stripes (big to little) to plan; (3) FDR's monies went more to states where the vote was in doubt, the West, rather than the politically secure Solid South, oh, and welfare, relief, and jobs increased around election time. These are the biggies. Powell gives capsule bios of every subject he mentions; he sometimes gives overlong lists of things. His writing is clear, though.

I'll illustrate the idiocy of New Deal regulations, the idiocy of bureaucracy, and the idiocy of trying to socialistically mess with free market capitalism, page 121: "In April 1934, forty-nine-year-old immigrant Jacob Maged of Jersey City, New Jersey, was jailed for three months and fined for charging 35 cents to press a suit, rather than the 40 cents mandated by the NRA dry Cleaning code."

Read this in conjunction with Amity Shlaes's The Forgotten Man. Shlaes provides the social history; Powell provides the economic history. ( )
  tuckerresearch | Jun 5, 2016 |
This is a good book for everyone. It gives a perspective that you don't see often in history books about FDR. Since FDR was a great president, it's easy to write a pro-FDR history book but this book points out the flaws in FDR's policies and how the New Deal did not actually end the Great Depression. I am a fan of FDR but he was not perfect, nor were all his programs perfect. I did not agree with everything the author stated and it's obvious the authors holds distain for the New Dealers and progressives but it does open up new dialogue on the New Deal and its issues. ( )
  Angelic55blonde | Jun 29, 2007 |
The New Deal is supposed to have helped the common American. This book explodes the myth. A great book. ( )
  luckypiece5000 | Jun 17, 2007 |
FDR- Not as Great as You're Told!

Want a counterpoint to the conventional wisdom that FDR was a great president? Get this book!

Jim Powell informs us, in a conversational style that is free of long quotes of statistics and economic data, just how far down the path to a socialist system that the USA trod during FDR's disastrous presidency. The facts in this book will be discounted by every blind FDR-ophile, but the plain facts are undeniable: FDR nearly destroyed this country with his domestic policy.

One thing I would caution, however, when discussing FDR. Yes, he was a horrible president for US domestic policy. He subverted the Constitution, he tried to destroy private business, and he created a class of Americans that exists to this day who grew to imagine that the government was their nanny, but he did do all of this with the voting public behind him.

More importantly, he was practically alone in his desire to enter WWII among the political class of this country circa the 1930s. FDRs insistence on taking the US to war against Japan and Hitler was undeniably the right course of action, but it was one that nearly every public figure in both parties wanted to avoid. He pushed the war aim even as he lied to the public that this wasn't his goal. For this he deserves supreme credit.

But, for the most part FDR was not a good president.

-FDR did NOT care about "the people". His sole goal was to be re-elected.
-FDR knew nothing of the Constitution, government's role, nor matters economic nor did he care a whit about these subjects.
-FDR was not an honest president

With that taken into account, the historical record of FDR must be corrected and Powell does an admirable job toward this end. ( )
  WarnerToddHuston | Apr 7, 2007 |
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A study of the Great Depression argues that Roosevelt's flawed economic policies had a profound and dangerous impact on America and that the New Deal actually prolonged the hardship rather than provided a lasting solution.

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