Daily Archives: January 22, 2009

FDR’s Higher Mathematics: Different Rules for Different Fools

finefrockaby Steve Finefrock, founder Hollywood Conservative Forum

“Justice Department attorneys and Treasury Secretary Henry Morgenthau refused to accept good intentions as an excuse from a target when it came to tax return accuracy,” notes Amity Shlaes in her revised history of the Great Depression and FDR’s claim to have cured it with his confiscatory policies. This came to mind one week last fall, of the rise of The People’s Republic of Wall Street – to cite a gleeful lefty analyst of the bailout, which then was predicted to possibly reach a trillion smackers of taxpayer money. Since then, it’s likely to exceed that figure.

As lefty economists and commentariatists harp that it’s again “like the Great Depression” and similar screeds, considering Amity’s revisiting that era is worthy of spreading to the general public. Harsh were the New Dealers then, and their associates today. Notably, most firmly, in view of the easy pass, with accompanying wet-kiss, for Treasury nominee Geithner. Consider a slightly fuzzy photocopy of a personal query letter from FDR to the IRS, as included in Amity’s examination, “The Forgotten Man”: Continue reading

Advertisements