Posts Tagged ‘Great Depression’

Unlimited power – Part III

Since ratification of the Bill of Rights in 1791, the Supreme Court has found a constitutional answer to every case brought before it. Doesn’t it seem unlikely that a document prepared in the 1700s could address all issues for more than two hundred years? We currently have nine justices, none elected by the people, all appointed to their office for life, who claim absolute control over the United States Constitution. Is this what the founding fathers and the states intended? With their fear of government, why would they give unchecked power to any branch of the federal government?

The best man I ever new – Father’s Day 2009

When the call came that August day, I was working at Safeway, stocking grocery shelves to earn money for college.  My dad was dead; a heart attack.  The family anchor was gone.

Dad was 60, I was 19, and too young to lose my dad.  I was at the age when you know the least, convinced you know the most.  The age when you are pretty sure your dad is outdated, out of touch, and not too bright.  The age when you cannot fathom the possibility you might be wrong.

Can we tax our way out of irresponsible debt?

 Congress believes irresponsible debt and spending is needed to rectify the problems created by irresponsible debt and spending. Further, it believes raising taxes to pay for its irresponsible debt will actually stimulate spending.        

My father was raised on a farm in eastern Nebraska, sheltered from this unique congressional economic theory. He lived through the Great Depression, served in World War II, raised four sons, and never took a class in economics. Instead, he learned a simple, common sense, outdated, obviously flawed economic theory.  

Roosevelt or Reagan?

Our country’s leaders believe President Franklin Roosevelt’s New Deal ended the Great Depression and saved the economy.  Are they right?  Did his New Deal end the depression or even shorten it?  Take a moment and consider the Roosevelt logic Congress is using with our current situation.  They believe they can fix the economy if they interfere with market forces and spend unprecedented sums of money.  But, if all that is needed to end a recession is government meddling and spending, how could we ever get into a recession in the first place? 

How do we fix the economy?  Two former Presidents.  Two choices.   

Is FDR’s New Deal the answer?

Did President Franklin Roosevelt and his “New Deal” shorten the recovery from the Great Depression?  Was government intervention in the economy helpful or hurtful or both?  Some economists suggest the government manipulated market forces too much and actually prolonged the recovery. 

President Roosevelt put into effect his recovery plan immediately after his inauguration in 1933, calling Congress into a special 100-day session with a whirlwind of new programs.  He believed the recovery required what he called “government partnerships” with the private sector.  But, in his zeal to speed the recovery, some economists suggest he was wrong believing that competition inappropriately drove prices and wages down and that the government had to manipulate the economy to artificially force prices and wages up.