Showing posts with label FDR. Show all posts
Showing posts with label FDR. Show all posts

Wednesday, December 07, 2011

Did the US Bait Japan into Bombing Pearl Harbor?

Today is the 70th anniversary of the infamous Pearl Harbor bombing which paved way for the US to declare war against Japan.

Contrary to mainstream history, the trigger happy US President FDR allegedly provoked Japan to launch the attack.

Writes Patrick Buchanan,

On Dec. 8, 1941, Franklin Roosevelt took the rostrum before a joint session of Congress to ask for a declaration of war on Japan.

A day earlier, at dawn, carrier-based Japanese aircraft had launched a sneak attack devastating the U.S. battle fleet at Pearl Harbor.

Said ex-President Herbert Hoover, Republican statesman of the day, “We have only one job to do now, and that is to defeat Japan.”

But to friends, “the Chief” sent another message: “You and I know that this continuous putting pins in rattlesnakes finally got this country bit.”

Today, 70 years after Pearl Harbor, a remarkable secret history, written from 1943 to 1963, has come to light. It is Hoover’s explanation of what happened before, during and after the world war that may prove yet the death knell of the West.

Edited by historian George Nash, Freedom Betrayed: Herbert Hoover’s History of the Second World War and Its Aftermath is a searing indictment of FDR and the men around him as politicians who lied prodigiously about their desire to keep America out of war, even as they took one deliberate step after another to take us into war.

Yet the book is no polemic. The 50-page run-up to the war in the Pacific uses memoirs and documents from all sides to prove Hoover’s indictment. And perhaps the best way to show the power of this book is the way Hoover does it — chronologically, painstakingly, week by week.

Read the rest here

Tuesday, April 13, 2010

Burt Folsom On The Franklin D Roosevelt Myth

Professor and author Burt Folsom Jr. argues in Wall Street Journal why President Franklin D. Roosevelt's perceived heroism is a myth.

Quoting Professor Folsom: (bold highlights mine)


``Let's start with the New Deal. Its various alphabet-soup agencies—the WPA, AAA, NRA and even the TVA (Tennessee Valley Authority)—failed to create sustainable jobs. In May 1939, U.S. unemployment still exceeded 20%. European countries, according to a League of Nations survey, averaged only about 12% in 1938. The New Deal, by forcing taxes up and discouraging entrepreneurs from investing, probably did more harm than good.


``What about World War II? We need to understand that the near-full employment during the conflict was temporary. Ten million to 12 million soldiers overseas and another 10 million to 15 million people making tanks, bullets and war materiel do not a lasting recovery make. The country essentially traded temporary jobs for a skyrocketing national debt. Many of those jobs had little or no value after the war.


``No one knew this more than FDR himself. His key advisers were frantic at the possibility of the Great Depression's return when the war ended and the soldiers came home. The president believed a New Deal revival was the answer—and on Oct. 28, 1944, about six months before his death, he spelled out his vision for a postwar America. It included government-subsidized housing, federal involvement in health care, more TVA projects, and the "right to a useful and remunerative job" provided by the federal government if necessary.


``Roosevelt died before the war ended and before he could implement his New Deal revival. His successor, Harry Truman, in a 16,000 word message on Sept. 6, 1945, urged Congress to enact FDR's ideas as the best way to achieve full employment after the war.


``Congress—both chambers with Democratic majorities—responded by just saying "no." No to the whole New Deal revival: no federal program for health care, no full-employment act, only limited federal housing, and no increase in minimum wage or Social Security benefits.


``Instead, Congress reduced taxes. Income tax rates were cut across the board. FDR's top marginal rate, 94% on all income over $200,000, was cut to 86.45%. The lowest rate was cut to 19% from 23%, and with a change in the amount of income exempt from taxation an estimated 12 million Americans were eliminated from the tax rolls entirely.


``Corporate tax rates were trimmed and FDR's "excess profits" tax was repealed, which meant that top marginal corporate tax rates effectively went to 38% from 90% after 1945.


``Georgia Sen. Walter George, chairman of the Senate Finance Committee, defended the Revenue Act of 1945 with arguments that today we would call "supply-side economics." If the tax bill "has the effect which it is hoped it will have," George said, "it will so stimulate the expansion of business as to bring in a greater total revenue."


``He was prophetic. By the late 1940s, a revived economy was generating more annual federal revenue than the U.S. had received during the war years, when tax rates were higher. Price controls from the war were also eliminated by the end of 1946. The U.S. began running budget surpluses.


``Congress substituted the tonic of freedom for FDR's New Deal revival and the American economy recovered well. Unemployment, which had been in double digits throughout the 1930s, was only 3.9% in 1946 and, except for a couple of short recessions, remained in that range for the next decade."