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New Deal or Raw Deal?: How FDR's Economic Legacy Has Damaged America,New
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A sharply critical new look at Franklin D. Roosevelt's presidency reveals government policies that hindered economic recovery from the Great Depression and are still hurting America today.In this shocking and groundbreaking new book, economic historian Burton W. Folsom exposes the idyllic legend of Franklin D. Roosevelt as a myth of epic proportions. With questionable moral character and a vendetta against the business elite, Roosevelt created New Deal programs marked by inconsistent planning, wasteful spending, and opportunity for political gain ultimately elevating public opinion of his administration but falling flat in achieving the economic revitalization that America so desperately needed from the Great Depression. Folsom takes a critical, revisionist look at Roosevelt's presidency, his economic policies, and his personal life.Elected in 1932 on a buoyant tide of promises to balance the increasingly uncontrollable national budget and reduce the catastrophic unemployment rate, the charismatic thirtysecond president not only neglected to pursue those goals, he made dramatic changes to federal programming that directly contradicted his campaign promises. Price fixing, court packing, regressive taxes, and patronism were all hidden inside the alphabet soup of his popular New Deal, putting a financial strain on the already suffering lower classes and discouraging the upper classes from taking business risks that potentially could have jostled national cash flow from dormancy. Many government programs that are widely used today have their seeds in the New Deal. Farm subsidies, minimum wage, and welfare, among others, all stifle economic growth encouraging decreased productivity and exacerbating unemployment.Roosevelt's imperious approach to the presidency changed American politics forever, and as he manipulated public opinion, American citizens became unwitting accomplices to the stilted economic growth of the 1930s. More than sixty years after FDR died in office, we still struggle with the damaging repercussions of his legacy.
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- Q: What is the main theme of 'New Deal or Raw Deal'? A: 'New Deal or Raw Deal' critically examines Franklin D. Roosevelt's presidency, arguing that his economic policies hindered America's recovery from the Great Depression and continue to have negative repercussions today.
- Q: Who is the author of the book? A: The book is authored by Burton W. Folsom Jr., an economic historian known for his critical analyses of government policies.
- Q: What are some key topics covered in the book? A: Key topics include FDR's New Deal programs, government spending, economic recovery, and the lasting impact of Roosevelt's policies on modern America.
- Q: How many pages does the book have? A: The book contains 336 pages.
- Q: What is the publication date of this book? A: The book was published on November 17, 2009.
- Q: What type of binding does this book have? A: This edition of the book is available in paperback binding.
- Q: Is this book suitable for someone interested in American history? A: Yes, the book provides a critical perspective on a significant era in American history, making it suitable for those interested in historical economic policies and their implications.
- Q: What critical points does the author make about FDR's policies? A: The author argues that FDR's policies included wasteful spending and inconsistent planning, which ultimately failed to achieve the economic revitalization America needed during the Great Depression.
- Q: Does the book discuss the long-term effects of the New Deal? A: Yes, the book explores how many New Deal programs have evolved into modern policies that may stifle economic growth and productivity.
- Q: What is the target audience for this book? A: The target audience includes readers interested in economics, history, and political science, particularly those looking for a critical analysis of FDR's legacy.