Essay on Critique Of Folsom 's New Deal Or Raw Deal?

1496 Words Nov 6th, 2015 6 Pages
Book Critique of Folsom’s New Deal or Raw Deal? The novel that I, Louis Moore read, New Deal or Raw Deal? How FDR’s Economic Legacy Has Damaged America, author Burton Folsom Jr. illustrates, through personal statements and statistics, how FDR’s New Deal programs not only prolonged The Great Depression, but it left a permanent footprint in the American government’s policy making. Folsom is the Charles Kline Professor of History and Management at Hillsdale College (“Burton W. Folsom, Jr” 2013). Folsom has written for the Wall Street Journal, American Spectator, Policy Review, and Human Events. Folsom uses his knowledge of history and his experience form his writing to break down piece by piece the failures of the New Deal legislation. One of my favorite parts of this book is the last chapter, which shows how all of the New Deal agencies mentioned in the previous chapters impact the United States today. The first three chapters of this book basically set the tone for the next fifteen chapters. Fresh out of the starting gate in chapter one, Folsom starts with Henry Morgenthau, Jr. telling us about how the New Deal program is not working. Morgenthau is quoted saying, “We have tried spending money. We are spending more money than we have ever spent before and it does not work (Folsom 2008).” At the time, Morgenthau was one of FDR’s top advisors and the Secretary of Treasury. Starting off with the advisor of money saying we’re not doing the right thing with our money is a great…

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