FDR is the most overrated president in American history and it is not close.
People treat him like a saint. The reality is he inherited a recession and turned it into the longest depression in the history of the developed world. Every other major economy on earth recovered faster than the United States did under FDR. Sit with that. We had the most resources, the most industry, the most capacity, and we recovered slower than countries that got bombed.
Unemployment was still 19% in 1938. Six years into the New Deal. Six years of "bold experimentation" and one in five Americans still could not find work.
Why? Because his policies were economically illiterate. The NIRA cartelized entire industries and made it illegal to lower prices during a deflationary collapse. He paid farmers to slaughter livestock and plow under crops while people stood in bread lines. He launched a war on business so aggressive that investment dried up because nobody knew what insane rule was coming next. Even his own Treasury Secretary, Henry Morgenthau, admitted in 1939 that they had spent enormous sums and "it does not work" and that unemployment was as high as when they started.
Then in 1937 his policies triggered a second brutal crash so embarrassing the textbooks gave it its own polite little nickname, the "Roosevelt Recession," so they would not have to attach his name to the failure in the obvious way.
A UCLA study in 2004 concluded the New Deal prolonged the Great Depression by roughly seven years. Seven years of extra suffering sold to you as heroism.
So what actually saved the economy? Not the alphabet agencies. Not the fireside chats. A world war. Twelve million men shipped overseas and the entire planet's industrial competition reduced to rubble. That is the "recovery." That is the legacy.
Strip away Pearl Harbor and FDR is a guy who took a bad recession and stretched it into a decade of misery with bad economics and a cult of personality. He is not ranked on results. He is ranked on the luck of being in the chair when Hitler invaded Poland.
Greatest marketing job in the history of the presidency. Nothing more.
On election night in Los Angeles County, I pulled every statewide race directly from the California Secretary of State’s official results page. Same ballots. Same voters. Same night.
The governor’s race the most important, most advertised race on the entire ballot received roughly 100,000 fewer total votes than the controller and secretary of state races. On the same physical ballot.
The exact numbers from the official SOS website:
•Governor total votes: 796,467
•Controller total votes: 901,756
•Secretary of State total votes: 889,586
That means 105,289 more people voted for state controller than voted for governor. And 93,119 more people voted for secretary of state than voted for governor.
Do you know what the state controller does? Most people don’t. It is one of the most obscure offices on the ballot. Yet it got more votes than the race that determines who runs the largest state in America for the next four years.
All Republican governor candidates combined on election night: 222,712 votes
Republican controller candidate (Herb Morgan): 302,552 votes
Republican secretary of state candidate (Don Wagner): 291,650 votes
That means roughly 70,000 to 80,000 people voted Republican in the controller and secretary of state races but did not cast a Republican vote for governor on the same ballot.
These are not different ballots. These are not different voters. This is one piece of paper. Governor is at the TOP. Controller and secretary of state are further DOWN.
People don’t undervote on the top ballot. They undervote on the bottom ballot.
How does this make any sense?
What am I missing people who are smarter than me?
@MarkSterling0 Monthly income $110k... which is why you're on X trying to get a following to sell subs to. GTFOH. I've forgotten more than you'll know in the next 10 years.
@PortfolioXpert There isn't a single institutional money manager watching this on a Friday. Will we get follow thru? Perhaps...but this has zero to do with it...and you probably know that.
This is the greatest clip in the internet right now…
MSNBC cuts the feed in PANIC as Spencer Pratt supporters tell the TRUTH about Los Angeles LIVE on-Air.
The reaction is hysterical. Full-scale corporate media cover-up