Archive for May 12th, 2009


New Deal, RAW DEAL, Fact or Lie?

May 12, 2009
Posted by clinicalthinker @ 7:45 AM

While I was bouncing around the internet I happened onto an interesting article posted by an author who had written a book on the matter. (Book linked below.)

Since Barack Obama likes to pattern himself after FDR and the New Deal … it caught my attention. I could never understand why people would be happy with a 19% unemployment rate … at least happy enough to re-elect a president over and over.
Were they fed skewed facts?
I have often wondered if women (who were not usually bread winners back then) were counted into these statistics. If we took the % of woman out of that statistic does the percent then rise to 38%? Is that really what we can look forward to under the HOPE PRESIDENT?

Oh wait I know now HOPE means I HOPE none of this drops on my front door.

Hope then was suppose to be just past the horizon or around the next corner?
Sound anything like what passes the lips of Barack Obama almost daily?
Why am I getting the feeling Obama WILL SAY ANYTHING to keep the lid on this powder keg?

Notice this tactic at hand today?

Let’s use an analogy to make the point: Imagine that in the last days of his presidency, George W. Bush declared a new policy. His spokespeople explained, “It is rather misleading to say that the unemployment rate in October 2008 was 6.6 percent, because that implies millions of Americans are destitute. But in fact they are all receiving generous assistance from the government in various forms. If we say that their ‘job’ is filling out the paperwork for unemployment claims, then the true unemployment rate is more like 0.4 percent. Those are the people who truly have no source of income, and need to be helped.”

Would any left-liberal sign on to that rationale? Of course not. Now, there is no objectively hard and fast line between a “real” government-provided job versus a “phony” job such as “filling out unemployment forms.” In fact, a purist could note that all government jobs are artificial and not indicative of true productive value for consumers, since their compensation is derived through involuntary taxation.

depression-bookThis book by Robert P. Murphy can be purchased for around $13 at Amazon.

The Politically Incorrect Guide to the Great Depression and the New Deal (The Politically Incorrect Guides) ISBN: 9781596980969