Essay about Roosevelt 's Criticism Of His Economic Policies

1048 Words Jun 6th, 2016 5 Pages
The question sparks conspiracists to throw in their two cents right now, go ahead, and argue with a few sheets of paper. Unless you’re one to never leave your house and wear hats made out of tin foil, you know that as a Democracy, we elect our own leaders and not through back room deals….except that one time. Now me? I’m here to highlight with a large red sharpie the worst of what three past leaders in particular have done, first with the less popular Roosevelt, FDR, then golden boy JFK and lastly Nixon, the man who had some rad mixtapes. While a president could get many things done in their time in office, as previously stated, this paper is focused on the skeletons of each of the three carefully selected men of office.

Firstly, Roosevelt’s criticism of his economic policies, the shift in tone from individualism to collectivism with the expansion of the welfare state and regulation of the economy hit the right-wing conservatives and libertarians like a moth to a flame. With extensive economic interventionism, these critics often accuse his policies of prolonging what they believe would otherwise have been a much shorter recession. Their argument is that government planning of the economy was both unnecessary and counterproductive, and that laissez-faire policies would have ended the suffering much sooner. A 2004 econometric study by Harold L. Cole and Lee E. Ohanian concluded that the "New Deal labor and industrial policies did not lift the economy out of the…

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