A Decade of Self-Delusion

A Decade of Self-Delusion by Pat Buchanan (Republican)
http://townhall.com/columnists/PatBuchanan/2009/12/29/a_decade_of_self-d...
About the first decade of what was to be the Second American Century, the pessimists have been proven right.

According to the International Monetary Fund, the United States began the century producing 32 percent of the world's gross domestic product. We ended the decade producing 24 percent. No nation in modern history, save for the late Soviet Union, has seen so precipitous a decline in relative power in a single decade.

The United States began the century with a budget surplus. We ended with a deficit of 10 percent of gross domestic product, which will be repeated in 2010. Where the economy was at full employment in 2000, 10 percent of the labor force is out of work today and another 7 percent is underemployed or has given up looking for a job.

Between one-fourth and one-third of all U.S. manufacturing jobs have disappeared in 10 years, the fruits of a free-trade ideology that has proven anything but free for this country. Our future is being outsourced -- to China.

No votes yet

Because the generational welfare created by the last one isn't big enough for ya?

"generational welfare"? Do you have any specific criticisms?

Pink Slip

The results of the New Deal are not as troubling as those of the NEWER Deal...The federal welfare legislation enacted by LBJ in the 1960s.

The New Deal created Social Security and Aid to Families with Dependant Children, reducing the recorded povery rate in the USA. However, it did not create a dependant or welfare class like the revisions of the 1960s that were enacted by 1970 did.

These Welfare 'reforms" made welfare a long-term financial alternative to getting one or two low paying jobs to make ends meet, to supporting the woman who bore your children, to working toward a better life, etc...They are largly responsible for generational welfare or dependancy on the government's spoil for those things that people have, since the dawn of man, always worked for--housing, food, medicine, clothing--and those must-haves: big-screen TVs, Xbox 360s, and cellphones today.

Welfare does not destroy poverty. Education and employment do. At its best, public assistance should be just that--a helping hand for those who aren't employed and a charitable community support system for those who are unable to work.

LBJ's Great Society cut the poverty rate almost in half. Cutting poverty was one of the main goals. In this case, I'd take "generational welfare" over "generational poverty" (serfdom)

Helen, you bring up the "incentive" issue as it relates to welfare. But what of those who were able to climb the social ladder and escape serfdom due to welfare, and the subsequent benefit to society?

Pink Slip

Pink, et. al.

If you are interested in learning more about The New Deal, you might be interested in The Forgotten Man: A New History of the Great Depression by economist and former WSJ repoerter Amity Shlaes.

It explores the New Deal in a socio-historicalcontext  --it does not argue that it failed, but rather that it isn't what our history books have taught us...mostly because our history books gloss over important details and connections. Her timeline helps us to see how things played out over time, and the various connections between industry, philanthropists and government.

 

I am just about halfway through it right now. I've found a lot in the book enlightening:

  • Hoover and Roosevelt are equally fascinating figures, for different reasons,
  • that factions fought a lot of the elements of "The New Deal,"
  • and that the National Industrial Recovery Act was declared unconstitutional and nullified,
  • and that the Tennesse Valley Authority was the government's first attempt to nationalize a private industry in an attempt to make it more accessible to the public

Shlaes is not an economist. She's a journalist. But I have read many criticisms of her work from actual economists.

Pink Slip

Statements made are the opinion of the writer who is exercising his first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and are generally permitted.

She is so funny. It's her and the other people who have been in Congress the last 50 years that have allowed the banks to become this powerful. I wonder if Marcy would be willing to cut my taxes which have a stranglehold on my paycheck. Hopeless? People feel hopeless when they watch D.C. spend tax money on social service programs that don't work and take away any incentive for people who do work. Is she the new replacement for Leno

Any statement I make is the opinion of me exercising my first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and is generally permitted.

Statements made are the opinion of the writer who is exercising his first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and are generally permitted.

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