“It is becoming the popular thing to defend [FDR’s] poor record by saying, ‘Well, it isn’t as bad as the record of inaction produced by the last Administration’. But the absurdity of such a defense is becoming more and more apparent. Can any such defense be an acceptable excuse for the prohibitive cost of dangerous and unsuccessful experimentation, which must be paid for some time?”
New Outlook was one of any number of American magazines that was forced to close their doors as a result of the poor economy. Three months after this column appeared, its author and his entire office joined the breadlines.
Yet, regardless of FDR’s many errors, the United States was still an enormously wealthy nation…
Click here to read a more detailed editorial on FDR’s failings…
More about New Deal problems can be read here…
