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A sharply critical new look at Franklin D. Roosevelt's presidency
reveals government policies that hindered economic recovery from
the Great Depression -- and are still hurting America today.
In this shocking and groundbreaking new book, economic historian
Burton W. Folsom exposes the idyllic legend of Franklin D.
Roosevelt as a myth of epic proportions. With questionable moral
character and a vendetta against the business elite, Roosevelt
created New Deal programs marked by inconsistent planning, wasteful
spending, and opportunity for political gain -- ultimately
elevating public opinion of his administration but falling flat in
achieving the economic revitalization that America so desperately
needed from the Great Depression. Folsom takes a critical,
revisionist look at Roosevelt's presidency, his economic policies,
and his personal life.
Elected in 1932 on a buoyant tide of promises to balance the
increasingly uncontrollable national budget and reduce the
catastrophic unemployment rate, the charismatic thirty-second
president not only neglected to pursue those goals, he made
dramatic changes to federal programming that directly contradicted
his campaign promises. Price fixing, court packing, regressive
taxes, and patronism were all hidden inside the alphabet soup of
his popular New Deal, putting a financial strain on the already
suffering lower classes and discouraging the upper classes from
taking business risks that potentially could have jostled national
cash flow from dormancy. Many government programs that are widely
used today have their seeds in the New Deal. Farm subsidies,
minimum wage, and welfare, among others, all stifle economic growth
-- encouraging decreased productivity and exacerbating
unemployment.
Roosevelt's imperious approach to the presidency changed American
politics forever, and as he manipulated public opinion, American
citizens became unwitting accomplices to the stilted economic
growth of the 1930s. More than sixty years after FDR died in
office, we still struggle with the damaging repercussions of his
legacy.
In January 1983 Burt Folsom read a story in Time about Mitch
Rutledge, a man on death row with an IQ of 84 who said he was sorry
for what he did. "Forget him," the last line of the story read. But
Burt wrote Mitch a letter and discovered a man more interesting and
intelligent than the article revealed. Burt and his wife, Anita,
began a friendship with Mitch and saw him become a leader and role
model for others in prison, teaching himself to read and write
(starting with copying down the spelling of items he knew from TV
commercials) and becoming a national spokesman on prison life.
Death on Hold is the amazing story of their friendship, and of
grace, reconciliation, and redemption for a man without hope who
was given a future.
A collection of essays by FEE President Lawrence W. Reed and
historian Burton W. Folsom, Jr. that surveys the economic history
of the United States and the modern world. Along the way, they
dismiss commonly-held fallacies and present the stories of the
individuals who changed history and expanded liberty for everyone.
WAS FRANKLIN DELANO ROOSEVELT REALLY A GREAT WARTIME LEADER, AS
HISTORIANS ALMOST UNANIMOUSLY ASSERT?
The acclaimed author of "New Deal or Raw Deal"?, called
"eye-opening" by the National Review, exposes the negative impact
of FDR's destructive wartime legacy on America's economic and
foreign policies today.
History books tell us the World War II economy was a boon, ending
the Great Depression thanks to massive government spending. But the
skyrocketing national debt, food rations, crippling taxes, and
labor strikes of the time tell a story that is hardly the stuff of
recovery. Instead, Roosevelt's poor judgment and confused
management left Congress with a devastating fiscal mess after the
final bomb was dropped and ushered in a new era of imperialism for
the executive branch. In this provocative book, Burton W. Folsom
and Anita Folsom make a stunning case that will force America to
take a second look at one of its most complicated presidents.
Burton W. Folsom, Jr. provides analysis of the role of
entrepreneurs in the urban development of Pennsylvania's Lackawanna
and Lehigh regions from 1800 to 1920.
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