GD began in 1929 and lasted until the late 1930s. FDR took office in 1933, having been preceded by three republican presidents (1921-1933 Harding, Coolidge & Hoover), republican control of the Senate (1919-1933) and republican control of the House (1919-1931), who all supported deregulation of Wall st., lower corporate taxes, and a "hands off" economic policy
..and look what happened..
FDR came in, the democrats took control of the Senate (1933-1947), the democrats took control of the House (1931-1947), and supported expansionary economic policy and regulation of the banks
..and look what happened..
"I think the Austrian business-cycle theory has done the world a great deal of harm. If you go back to the 1930s, which is a key point, here you had the Austrians sitting in London, Hayek and Lionel Robbins, and saying you just have to let the bottom drop out of the world. You've just got to let it cure itself. You can't do anything about it. You will only make it worse. … I think by encouraging that kind of do-nothing policy both in Britain and in the United States, they did harm." -Milton Friedman
"Near the end of the 1944 campaign, Thomas Dewey
(you know, the republican presidential candidate Roosevelt just got done spanking in the previous election) announced support of an amendment that would limit future presidents to two terms. According to Dewey, "four terms, or sixteen years, is the most dangerous threat to our freedom ever proposed." The Republican-controlled 80th Congress approved a twenty-second Amendment in March 1947; it was signed by Speaker of the House Joseph W. Martin and acting President pro tempore of the Senate William F. Knowland. Nearly four years later, in February 1951, enough states ratified the amendment for its adoption."
https://en.wikipedia.org/wiki/Twenty-second_Amendment_to_the_United_States_Constitution
Explain how he "stacked the courts"? By appointing liberal judges, "two of whom would become lifelong adversaries"?
Based on ethnicity, Germans, Japanese and Italians all come in different colors. But yep, that was pretty messed up, I agree
"In 1942, during World War II, US President Franklin D. Roosevelt proposed a maximum income of $25,000 during the war:
"At the same time, while the number of individual Americans affected is small, discrepancies between low personal incomes and very high personal incomes should be lessened; and I therefore believe that in time of this grave national danger, when all excess income should go to win the war, no American citizen ought to have a net income, after he has paid his taxes, of more than $25,000 a year. It is indefensible that those who enjoy large incomes from State and local securities should be immune from taxation while we are at war. Interest on such securities should be subject at least to surtaxes."
This was proposed to be implemented by a 100% marginal tax on all income over $40,000 (after-tax income of $25,000). While this was not implemented, the Revenue Act of 1942 implemented an 88% marginal tax rate on income over $200,000, together with a 5% "Victory Tax" with post-war credits, hence temporarily yielding a 93% top tax rate (though 5% was subsequently returned in credits)."
https://en.wikipedia.org/wiki/Maximum_wage
What are you, some kind of commie? Did you want the Nazi's to win the war just so a tiny fraction of Americans could still make outrageously high incomes?
No, we recovered from 1933, when he took office and we went from the kind of economic system you support to something similar to what I would support
