What the GOP learned when the wealthy tried to overthrow FDR and install a fascist dictator

[Judi Lynn]

written by DailyKos March 24, 2019

In 1933, a group of very wealthy bankers on Wall Street were mortified with FDR. He gave government jobs to many unemployed, ended the gold standard, and was planning on enacting a slew of government programs that would constitute the “New Deal”. Workers would be given the right to unionize, infrastructure projects would be established, and he pitched a pension program for workers called Social Security. For that, he was called a “socialist.” Up to that point, however, his gravest sin was going after the wealthy to pay their fair share. The Revenue Act, which imposed a “wealth tax” on those at the top, increased the tax rate to 75%.

Roosevelt was accused of being a “traitor to his class”.

Unlike what the GOP says today, Roosevelt wasn’t trying to do any great social experiment. He was trying to pull our nation out of the Great Depression. Unemployment was between 80-90% at several major cities, and those few who were working were being exploited with zero labor protections. FDR took action. He was hated by the rich, and he didn’t care:

The forces of ‘organized money’ are unanimous in their hate for me – and I welcome their hatred.

More:
https://www.alternet.org/2019/03/what-the-gop-learned-when-the-wealthy-tried-to-overthrow-fdr-and-install-a-fascist-dictator/

[TheRealNorth]

1. Too bad for the Business Coup

That MacArthur wasn't very popular after he burned out the Bonus Marchers.

[kimbutgar]

2. All the policies that Hoover enacted after the stock market crash of 1929

By 1932 the depression had worsened due to Hoover initating high tariffs, preventing the federal reserve from doing its job, and not doing anything to help regular people. Hoover loss gig to FDR.

Sound familiar? Sadly when the bottom drops out we’ll have an idiot in the White House. who will only help his rich donors and enrich himself. Something tells me 2020 will not be an orange maggot landslide but a severe drudging with the biggest LOSS ever for an incumbent. I look forward to have a Democratic President and Congress and don’t get me started on what will happen if he gets rid of the ACA.

[monmouth4]

3. I love watching old clips of FDR and listening to some of his Fireside Chats. Good stuff. n/t

[empedocles]

4. Gop 'learned'? GOP never gave up. Not Nixon, Not ReaganHood, not Bushes.

'Follow the money'.

[Follow the current stock markets].

[ChicagoRonin]

5. They learned the wrong lessons

Like Sauron, instead of realizing it was all a bad idea, once they got their strength back they put all their energy into seeking out their One Ring.

[lagomorph777]

6. Yet, every day, they act as pathetically insecure and greedy as Smeagol (Gollum, the evil one)

[ck4829]

7. K&R