Republican's Economic Disaster; Always Left To Liberals To Clean Up Mess

[dhpgetsit]

Republican's Economic Disaster; Always Left To Liberals To Clean Up Mess
By Eric L. Wattree
September 19th, 2008

...snip...
History is clear. In 1921--eight years before the great depression--Republicans took over the helm of this nation for 12 years. During that time there were three Republican administrations, the first of which was the administration of Warren G. Harding. History remembers Harding's administration for one thing more than anything other--scandal. It was during Harding's presidency that the Teapot Dome Scandal erupted. His administration was considered the most corrupt administration in the history of the United States--until Nixon's, then Reagan, and now Bush's administration.


Next, in 1923, came Calvin Coolidge, the president that Ronald Reagan is said to have most admired. Coolidge's policies of large tax cuts, allowing business a free-rein, and his encouragement of stock speculation contributed greatly to the impending stock market crash and The great depression that was to come.


Then in 1929 Herbert Hoover came to power. During his administration the stock market crashed, starting the great depression. In spite of the fact that by 1933 the unemployment rate was at 33.3% with 16 million people out of work, Hoover, the Republican, just sat, thinking that the economy would eventually rejuvenate itself. He felt the economy was fundamentally (Sound familiar?). Also during his administration 15,000 WWI veterans marched on Washington demanding that they be paid what they were owed by the government. Hoover responded by calling in federal troops to throw these ex-servicemen off government property.


Finally in 1933 Franklin Delano Roosevelt, a liberal Democrat, was elected overwhelmingly. After his election he immediately went about the business of developing a" New Deal" for the working class people of this country.


The New Deal had two components--one to help the economy to recover from the effects of the great depression, and a second component to give relief to the American people and to insure that they would never be placed in a position of total destitution again. To help heal the economy Roosevelt created programs that regulated business, controlled inflation, and brought about price stabilization; to bring relief to the people he signed The National Labor Relations Act , which guaranteed workers the right to collective bargaining, and he created the Social Security Administration to guarantee workers some sort of income once they became too old to work. He also signed the Fair Labor Standards Act which protected workers rights, and set a minimum wage to prevent workers from being exploited.


With his New Deal in place Franklin Delano Roosevelt, this "bleeding heart liberal", not only ledthis country out of the worst, Republican generated, crisis that this country has ever faced, but went on to lead the free world in victory over Hitler in WWII. He then ushered in the most sustained prosperity that the world has ever known.

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http://www.blackstarnews.com/?c=135&a=4903

[Jamastiene]

1. That is why so many of us keep shovels and pitchforks at the ready

at all times. It takes those and several million backhoes working for several years to clean up the mess they leave behind when they get in power. Repubs kill me. They should learn to clean up after themselves or quit making such a damn mess of the country.