Monday, January 12, 2009
News Morning Newsdome: A presidency of miscalculations
Posted by Alejandro A. Leal on Mon, Jan 12, 2009 at 4:20 PM
- President Bush gave his last news conference in which he defended his legacy, and spoke of "miscalculations" (per ABC's report)... It's not a stretch to call it then, a presidency of miscalculations... or failures.
- Israeli Army accused of using Palestinians as human shields. With video... and Israeli Defense Fund appeals an Israeli Supreme Court ruling banning the practice.
- Republicans' latest talking point: The New Deal failed.
- Gwinnett Mansion Madam now working the bar at The Doll House on Cheshire Bridge Rd...“If you tip really well … you get to see the twins,” she says.
- Pirates of the Indian Ocean... drown after making off with ransom money dropped on oil tanker via parachute.
- Slumdog Millionaire and Kate Winslet win big in last night's Golden Globes award ceremony.
- Microsoft listening to its user base? Big Redmond allows unlimited downloads of Windows 7 Beta.
- Start your whining: lowest temperatures of the season expected this week.
- Ninja cat strikes again... (hey, if the internet isn't about videos of cats, what's it good for?)
Comments (5)
Showing 1-5 of 5
Sorry Liberals - the New Deal *did* worsen the Great Depression. What the NYT article does not mention is how the New Deal policies were destructive to the free market. Sure, the CCC gave people jobs - only after the New Deal destroyed those same jobs. How did it destroy jobs? Bascially ending free trade through tariffs, raising taxes (which is now unthinkable to do during a recession), and worst of all, raising prices on labor, goods, and allowing collusion. Don't take my word for it, check out this 2004 UCLA article: http://newsroom.ucla.edu/portal/ucla/FDR-s-Policies-Prolonged-Depression-5409.aspx?RelNum=5409 UCLA - hardly a hotbed of conservative activity.
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Regarding the New Deal-failure paper -- in October of 2008, an article by paper co-author Lee E. Ohanihan was published in the Wall Street Journal (not exactly a hotbed of liberalism) applauding Bush for his Treasury rescue plan and bad mouthing both labor unions and Obama's tax plan. http://online.wsj.com/article/SB122342618776613613.html I'm not going to say I smell an agenda (mostly because I have a sinus infection and can't really smell anything), but I do suspect he has a conservative political bias that could possibly have bled into his work.
Or you could just look at the economic measures before WWII and ignore the FDR hero wordhip. WWII ended the Depression. Lots of good came from the CCC, TVA and others, but lots of bad came from FDR dicking around with the price of commodities by going on and off the gold standard, aying farmers not to grow crops, protectionist tarriffs, unpredictability that caused huge amounts of uncertainty with foreign governments and with Wall Street. BTW, I am named after my uncle who died in childhood, who was named after FDR. That is where all these southern boys named Dale and Dell came from, the hero worship of FDR.
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