Jan 05 2009 - Seattle Times
by David Sirota
If you're like me, you sometimes find yourself speechless when confronted with abject insanity.
If you're like me, for instance, you were dumbfounded when "Forrest Gump" beat out "Pulp Fiction" for best picture; when HBO's "Sopranos" received more accolades than "The Wire"; and when George W. Bush insisted Iraqi airplanes were about to drop WMD on American cities.
So if you're like me, you probably understand why I was momentarily tongue–tied recently after running face–first into conservatives' newest (and most ridiculous) talking point — the one designed to stop Congress from passing an economic–stimulus package.
During a Christmas Eve appearance on Fox News, I pointed out that most mainstream economists believe the government must boost the economy with deficit spending. That's when conservative pundit Monica Crowley said we should instead limit such spending because President Franklin Roosevelt's "massive government intervention actually prolonged the Great Depression." Fox News anchor Gregg Jarrett eagerly concurred, saying "historians pretty much agree on that."
Editor's Comments:
Lots of question in this article. First of all, it is heinous to criticize the Democrats' God, FDR. Much of the first part of the article has to do with name–calling. Try these words as examples of great intellectual research: silly, preposterous, absurd, hilarious. Ahh, these words no doubt cement the argument. NOT!!!
Then he goes on with some statistics, which as usual you can bend to suit whatever argument you want to make. "Upon deeper examination, I discovered that the right bases its New Deal revisionism on the short–lived recession in a year straddling 1937 and 1938. But that was four years into Roosevelt's term — four years marked by spectacular economic growth."
Four years of growth? Compared to what? The depths of the recession. And if we now get back to the pre–bust version of the stock market in four years, you can say that Obama created a great economic climate. Except that Obama has something to do with the market drop; look at the timing. So if the market regains some 20% per year, it is only getting back to where it was in 2007. The same with economic growth in the 1930's. When you start with an abnormally low base year, it is easy to make big percentage gains and still be below where you should be.
And then we have this beaut: Additionally, the fleeting decline happened not because of the New Deal's spending programs, but because Roosevelt momentarily listened to conservatives and backed off them. As Nobel–winning economist Paul Krugman notes, in 1937–38, FDR "was persuaded to balance the budget" and "cut spending and the economy went back down again."
I don't remember that Republicans had any power in the 1930's after FDR was elected.
Liberals want to completely ignore a huge problem when unemployment reached around 30% under FDR. If they are going to give him credit for things, they also have to blame him for others.
Conservatives don't stand behind Hoover's policies, particularly the trade policies. We conservatives are honest enough to look at policies, rather than personalities. Liberals make Gods of their favorite "star". Sound like soon–to–be–President Obama?
Conservatives look at policies to decide on the merit of the man. Liberals only look at the party affiliation. Most of Hoover's policies were continued by FDR. And they were disastrous, no matter who implemented them.
And near the end, Sirota writes: As Newsweek's Daniel Gross reports, "One would be very hard–pressed to find a serious professional historian who believes that the New Deal prolonged the Depression."
Ahh, the stature of Newsweek? Only slightly less credible than the New York Times. And they can't be trusted at all. Many historians and economists have taken a second look at the 1930's and they don't blindly follow the crowd.
Finally, "As conservatives try to obstruct a new New Deal, they're not making any arguments that are remotely serious." When all else fails, make stupid assertions like this one. bbm