New Deal or Raw Deal?: How FDR's Economic Legacy Has Damaged America On Sale

Title : New Deal or Raw Deal?: How FDR's Economic Legacy Has Damaged America
Category: Political
Brand: Folsom, Burton W., Jr.
Item Page Download URL : Download in PDF File
Rating : 4.4
Buyer Review : 248

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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.


Review :
Definitely a Raw Deal
Burton Folsom's New Deal or Raw Deal? is a timely, informative and captivating read on the destructive economic policies on the Franklin Delano Roosevelt Administration. This book is a valuable addition to the growing number of books on how government intervention, not free markets, plunged the United States deep into the Great Depression.

Folsom corrects many common misconceptions about the New Deal and the Great Depression in this book. The first misconception is that President Hoover was a principled advocate of laissez-faire capitalism. In fact, Folsom argues, Hoover was a big government Republican. Consider the Smoot-Hawley Act, which imposed unprecedented tariffs on thousands of imported items. Not only did this drastically increase the prices of U.S. imports (hurting U.S. consumers), but it also encouraged European nations to impose retaliatory tariffs on U.S. exports (hurting U.S. producers.) Furthermore, Hoover responded to the early onset of the Great Depression...
Please, no more new deals
Folsom has delivered a book that is tough to put down. While flying to a conference the other day, I was reading New Deal or Raw Deal and telling my friend (who was reading another book) how great Folsom's book is and talking about some key points brought up by Dr. Folsom. I left my seat for a moment; when I returned, my friend was reading Folsom's book, and I had a hard time getting it back.

Roosevelt helped create major rifts between those who were wealthy and those who were poor and middle class. He even indicated he did that to win the election rather than pursue what was best for the country. He tried to stack the Supreme Court and used the IRS to harass his major critics.

I've had to remind myself repeatedly that this is not a fictional work and that it is about a president in the USA rather than a dictator in some distant country. For example, the New Deal's birth of the National Industrial Recovery Act of 1933 was bizarre. "It allowed American...
Should be Mandatory Reading for Every Citizen!
I'll confess to not being a fan of big government so I was prepared to be receptive to a harsh assessment of the New Deal. However, I was not prepared for the scathing indictment armed with facts, logic, primary source quotes and data that constitute this powerful book.

The book is hard to put down even as you recoil in horror at the lunatic economic policies of the era and the blatant turn to fascism. If you tried to design a program to extend the Great Depression indefinitely, you could have done little better than FDR did. The economic incompetence and unintended consequences which are detailed in all their frightening glory is mind boggling, but it is only part of the story.

The book also demonstrates the endemic political patronage and vote buying that resulted from the concentration of money and power in the hands of the federal government. State and local politicians who supported Roosevelt were rewarded with a cascade of federal dollars, those who opposed...

New Deal or Raw Deal?: How FDR's Economic Legacy Has Damaged America 1st (first) Edition by Folsom, Burton W. Jr. published by Threshold Editions (2008) Hardcover Get Rabate

Title : New Deal or Raw Deal?: How FDR's Economic Legacy Has Damaged America 1st (first) Edition by Folsom, Burton W. Jr. published by Threshold Editions (2008) Hardcover
Category: Political
Brand: Threshold Editions
Item Page Download URL : Download in PDF File
Rating : 5.0
Buyer Review : 3









Review :
A Great Must Read

It will scare you to learn how FDR did NOT get us out of the Depression, and how BOTH parties are cleaning our pockets to make this nation so indebted to other countries. This should be a must read, but our degenerate education system has been too busy brainwashing our children to allow truth into the education system. It will make you read Washington's Farewell Address. Learn how votes have been bought and paid for since FDR.

Five Stars

Excellent read.

Five Stars

If you can't handle being self sufficient, let big brother run your life

New Deal or Raw Deal?: How FDR's Economic Legacy Has Damaged America 1st (first) Edition by Folsom, Burton W. Jr. published by Threshold Editions (2008) Hardcover Get Rabate

Title : New Deal or Raw Deal?: How FDR's Economic Legacy Has Damaged America 1st (first) Edition by Folsom, Burton W. Jr. published by Threshold Editions (2008) Hardcover
Category: Political
Brand: Threshold Editions
Item Page Download URL : Download in PDF File
Rating : 5.0
Buyer Review : 3









Review :
A Great Must Read

It will scare you to learn how FDR did NOT get us out of the Depression, and how BOTH parties are cleaning our pockets to make this nation so indebted to other countries. This should be a must read, but our degenerate education system has been too busy brainwashing our children to allow truth into the education system. It will make you read Washington's Farewell Address. Learn how votes have been bought and paid for since FDR.

Five Stars

Excellent read.

Five Stars

If you can't handle being self sufficient, let big brother run your life

FDR's Folly: How Roosevelt and His New Deal Prolonged the Great Depression Big Discount

Title : FDR's Folly: How Roosevelt and His New Deal Prolonged the Great Depression
Category: U.S. Presidents
Brand: Crown Forum
Item Page Download URL : Download in PDF File
Rating : 4.0
Buyer Review : 122

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This unique subject gives exceeded the anticipation, this has turned into a wonderfull buy for personally, The thought appeared correctly as well as speedily FDR's Folly: How Roosevelt and His New Deal Prolonged the Great Depression


“Admirers of FDR credit his New Deal with restoring the American economy after the disastrous contraction of 1929—33. Truth to tell–as Powell demonstrates without a shadow of a doubt–the New Deal hampered recovery from the contraction, prolonged and added to unemployment, and set the stage for ever more intrusive and costly government. Powell’s analysis is thoroughly documented, relying on an impressive variety of popular and academic literature both contemporary and historical.”
–Milton Friedman, Nobel Laureate, Hoover Institution

“There is a critical and often forgotten difference between disaster and tragedy. Disasters happen to us all, no matter what we do. Tragedies are brought upon ourselves by hubris. The Depression of the 1930s would have been a brief disaster if it hadn’t been for the national tragedy of the New Deal. Jim Powell has proven this.”
–P.J. O’Rourke, author of Parliament of Whores and Eat the Rich

“The material laid out in this book desperately needs to be available to a much wider audience than the ranks of professional economists and economic historians, if policy confusion similar to the New Deal is to be avoided in the future.”
–James M. Buchanan, Nobel Laureate, George Mason University

“I found Jim Powell’s book fascinating. I think he has written an important story, one that definitely needs telling.”
–Thomas Fleming, author of The New Dealers’ War

“Jim Powell is one tough-minded historian, willing to let the chips fall where they may. That’s a rare quality these days, hence more valuable than ever. He lets the history do the talking.”
–David Landes, Professor of History Emeritus, Harvard University

“Jim Powell draws together voluminous economic research on the effects of all of Roosevelt’s major policies. Along the way, Powell gives fascinating thumbnail sketches of the major players. The result is a devastating indictment, compellingly told. Those who think that government intervention helped get the U.S. economy out of the depression should read this book.”
–David R. Henderson, editor of The Fortune Encyclopedia of Economics and author of The Joy of Freedom


The Great Depression and the New Deal. For generations, the collective American consciousness has believed that the former ruined the country and the latter saved it. Endless praise has been heaped upon President Franklin Delano Roosevelt for masterfully reining in the Depression’s destructive effects and propping up the
country on his New Deal platform. In fact, FDR has achieved mythical status in American history and is considered to be, along with Washington, Jefferson, and Lincoln, one of the greatest presidents of all time. But would the Great Depression have been so catastrophic had the New Deal never been implemented?

In FDR’s Folly, historian Jim Powell argues that it was in fact the New Deal itself, with its shortsighted programs, that deepened the Great Depression, swelled the federal government, and prevented the country from turning around quickly. You’ll discover in alarming detail how FDR’s federal programs hurt America more than helped it, with effects we still feel today, including:

• How Social Security actually increased unemployment
• How higher taxes undermined good businesses
• How new labor laws threw people out of work
• And much more

This groundbreaking book pulls back the shroud of awe and the cloak of time enveloping FDR to prove convincingly how flawed his economic policies actually were, despite his good intentions and the astounding intellect of his circle of advisers. In today’s turbulent domestic and global environment, eerily similar to that of the 1930s, it’s more important than ever before to uncover and understand the truth of our history, lest we be doomed to repeat it.


From the Hardcover edition.


Review :
Valuable Resource on the Great Depression
A common historical misconception is that FDR's New Deal rescued the United States from the Great Depression. However, Cato Institute Historian Jim Powell argues that the New Deal exacerbated and elongated the Great Depression. With impressive attention to detail, Powell examines the long-term results of the New Deal and persuasively argues that they crippled the U.S. economy.

In this detailed book, you will learn about the numerous programs the FDR administration brought about, including the following:

* Programs that inundated private businesses with unprecedented waves of regulations, such as the Agricultural Adjustment Administration, the National Recovery Administration and the Securities and Exchange Commission.

* Programs that redistributed wealth from producers to consumers, such as the Federal Emergency Relief Act and the Reconstruction Finance Corporation.

* Programs that nationalized industries, centrally planned infrastructure or...
A heavy read, but well worth the effort
(Note: I own and have READ all of this book) (...)
Short review:
A heavy read for us simple bears, written by an accomplished academic. It's bursting full of information, and very thought provoking. I like the lay out of the contents, where each of the 19 chapters asks a question, so you know what you are getting into. A must read for anybody willing to seriously set aside prejudices, and look at the underlying facts of FDR's often bizarre and haphazard "experimenting" with the US economy. I urgently need to go read an admiring book (any suggestions?) written by somebody who thinks FDR was a great president, because the more I read about him, I increasingly get the impression he was somewhat of an "economically uninformed klutz" and basically just a shrewd and manipulative bluffer. Who,behind the rhetoric and the "fireside chats" didn't give a hoot about anybody except (votes for) himself. Who only got saved by the distraction of the "crisis" (he provoked?)of Pearl Harbor...
The Other Side of the Story - FDR
I believe there will be much dissention and disbelief appearing with regard to books like this. Our US history has become a battleground between liberal (classical liberal - i.e. freedom oriented) and progressive strains of belief. Leaders like FDR (or Wilson, LBJ, Clinton or Obama) are examples of Progressives as leader. FDR's actual efforts are detailed in easy to understand, yet expanded detail here in this work by historian Jim Powell. The "Brain Trust" and their primary programs and actions are laid out, and organized by "type" of action. Chapters like "Why Did FDR Triple Taxes During the Great Depression?", or "Why Did New Dealers Break Up the Strongest Banks?" give you a flavor of the focus upon a particular area of deficiency, as an organizing principle. The era is complex, yet Powell gives us a very clear reading set of materials to work with. This particular work is not a "deep dive", or professional economic treatise, but is...