Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 6/24/83; site ukma.UUCP Path: utzoo!watmath!clyde!cbosgd!ukma!plh From: plh@ukma.UUCP (Paul L. Hightower) Newsgroups: net.politics.theory Subject: Re: 1933 and Roosevelt, discussion wanted? Message-ID: <1145@ukma.UUCP> Date: Tue, 5-Mar-85 11:31:06 EST Article-I.D.: ukma.1145 Posted: Tue Mar 5 11:31:06 1985 Date-Received: Thu, 7-Mar-85 03:47:26 EST References: <705@ccice5.UUCP> Organization: Univ. of KY Mathematical Sciences Lines: 27 >It has been very fashionable lately for the right-of-center crowd to >praise Roosevelt as a great president (something we left-of-centers' >have known all along!). But there is no evidence they would act any >differently than Hoover did. (Too little government intervention, >too late)... Objection! Hoover interfered far too much, jawboning industry into keeping wages high despite falling prices. Hoover succeeded in turning a recession into depression. Calvin Coolidge was a great president : he would have done nothing, and the business cycle would have corrected itself, as always. But Hoover and other social engineers deplored the cycle. Many of us right-of-center types deplore social engineering! >I throw these statistics of 1933 out for discussion: > >1. 1/4 of the work force was unemployed >2. the wage rate was 3/4 that of 1929 >3. 1/5 of the nations banks had failed >4. prices were 3/4 their 1929 level > >Roosevelt was trying to solve all these problems *without* deficit >spending (contrary to popular thought)... That's what we call a "Tax-and-Spend" Democrat. Paul Hightower University of Kentucky