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

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

4.0 77
by Burton W. Folsom Jr.

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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

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New Deal or Raw Deal? 4 out of 5 based on 0 ratings. 77 reviews.
Tricia88 More than 1 year ago
It took reading this book to make me realize how little I knew about the Great Depression. I also realized how wrong my thinking was about what caused the Great Depression and why it lasted so long. This book should be required reading in high school.
OurHistoryOurHeritage More than 1 year ago
To the previous reviewer -- those entitlement programs are broke, so I guess they didn't work, did they? The book is well-researched and even offers citations. Its hard to argue with any conclusions that the author draws, because the facts back them up. This book is full of information that you didn't learn in school. The Obama administration looks moderate, when you read what happened in the Roosevelt years. If you're want to know where Obama is taking our country, read this book.
Anonymous More than 1 year ago
I was honestly hoping for this book to be great, and while exposing the New Deal for the sham that it was isn't all that difficult, the author unfortunately fails to deliver. I'm not a leftist, a Socialist, a Democrat, or a Progressive. I'm a Conservative, Republican, and a Capitalist. This book was actually difficult to get through, it was written from an extremely biased point of view, which you would expect, however the bias at some points was so thick, it caused this book to lose relevance. It could have been a great book, and if nothing else is an anthology of the failings of FDR and the New Deal, however this cannot be considered a serious academic work.
Anonymous More than 1 year ago
I read this for a book club last month. It was great. Although the author is plainly biased in his views, he does give credit where credit is due, to Roosevelt, and certainly backs up with fact everything he writes about. This is a well researched book revealing Roosevelt's economic recovery plans for what they were--criminal and wrong. It also provides an in-depth look at a man that has been revered for too long, and for all the wrong reasons. The author does a great job of revealing what really went on during FDR's administration and how economically crippling it was back then, but more importantly, in my view, how crippling it will be today if the same course is followed. It provided for good discussion during our book club as everyone had different insights. It also provided good discussion, debate, and insight on our current economic situation.
Big-REC More than 1 year ago
One of the best discussions of the New Deal to date. Finally, someone has burst the bubble the progressives (liberals), academia, & the media created regarding FDR & the new deal. This should be required reading in the government sponsored public school systems!
BPAIZZY More than 1 year ago
This is excellent reading, although it deals with the process of converting the US into a welfare and government depending state in the early 1900s (Depression Era), it is completely relevant today. Socialists always try to gain control of the population with ill conceived plans during trying and desperate times. This book isn't deep or confusing, it is simple and easy to grasp. I will definitely pass along my copy to others.
hoopbh More than 1 year ago
Raw Deal is what this book is about. It tells you what really happened in the the great depression. It tell how the polices of FDR made things worse. Also it the same plan Oboma is using to try and run this country He is trying the same things that did not work then and will not work know.
GT-Colorado More than 1 year ago
This was an excellent book and it points out how misguided government policies, programs, and federal spending prolonged the Great Depression. It gives you a glimpse into what is occurring today and possible outcomes. The book illustrates how government intervention in the free market can lead to market distortions and unintended consequences. What sounds good and popular to the average person on the street inevitably creates more problems than are solved and unfortunately it is the avearge person on the street that gets hurt. I was also captivated by FDR's ego and how destructive he could be if you opposed him. What a shame. After reading this book, I was left with a much different attitude about FDR, politicians, and government over-reach. Hence, the less government the better. It is simply wrong to use taxpayer money to curry favor through "patronage." FDR was a master of this, along with using other arms of the government to manipulate the voters: "the dole spoils the soul" or to attack his opponents e.g. IRS. Couldn't agree more. Fasinating book. A must read for anyone who is trying to understand why we are where we are today.
Anonymous More than 1 year ago
The book clearly outlines how bad economic decision-making and party-first politics extended the length of the Great Depression. There are many vaulalbe lessons for today's politicians. If we can learn from our past then maybe we can avoid making the same mistakes and another depression. History and economics show that a country can't spend its way out of a recession. Money taken away from the private sector and businesses is money taken away from a quick recovery. Individuals and businesses are what drive the economy, and Burton Folsom provides a clear and accurate picture of how our government and politics held our country back and damaged the fabric of our nation.
BobbyJink More than 1 year ago
EVERYONE should read this book!!!
WRB More than 1 year ago
It is good that FDR's tensure is coming under critical rather than adoring review.
Indiapapa More than 1 year ago
This is the first book that I've read by this author. I've read other books on the subject matter. The author does not go into exhaustive detail to make his points, and the book is not replete with economic idiom. The book's content is shaped around his argument, and he discusses causality of the depression, as well as impacts of the NRA, AAA, TVA, WPA, taxation, FERA, financial interference, patronage, IRS abuses, attempts at court packing, labor relations, social security, and minimum wages. Once again he does not go into great detail in discussing the impacts. Readers looking for a more in depth read may be disappointed. He also discusses the abilities, ethics, and actions of FDR. FDR evangelists will also not be pleased with this book's subject matter. The book is an easy read. The subject matter is clearly germane to present day events.
FireRaven9 More than 1 year ago
I was familiar with much of the information offered in this book, but it did offer some new, and very enlightening, information that I had not previously known. I think it would be good for the U.S. if more Americans would read this book, especially now. I highly recommend it to everyone.
Sheldon81 More than 1 year ago
FDR is overrated and the myth of the New Deal is exposed. This is a must read for younger people as well as older. You won't learn this in school and a true story of history that must be shared. I would first like to debunk  one argument: That is the notion if the government doesn't spend people will go hungry well people did go hungry because of the government. When government chooses winners only small groups will benefit and the majority of the people suffer. You don't punish good behavior and subsidize bad behavior. More people suffered for more years under these policies than in anytime in the history of the US. 
Russell_Kirk More than 1 year ago
Easy flow of content; draw your own conclusion on subject matter.
GT-Colorado More than 1 year ago
I read this book a few years ago and found the book quite interesting about how government intervention, although well-intended, can be quite destructive to an economy, a nation, and its people. This book is well worth the read. It will give the average reader insight into the policies of FDR during the Great Depression. Some of these policies still remain today, namely Social Security. This should be a wake-up call given the circumstances today. Government spending seems like a good idea for those who are sitting on the sidelines eager for an economic turnaround as a result of government spending,"the 870 billion stimulus". However, as was the case, the government stimulus failed to energize the economy. Reading Folsom, only reminds the reader, that well intended government spending that is not properly directed at the engine of economic develop falls short and is often wasted, as was seen with the latest stimulus. I am looking forward to the next book by Folsom, FDR Goes to War.
Marvin Stone More than 1 year ago
The previous review was nothing but liberal rant. You will learn that FDR ruled by executive order rather than let our system work the way in which our founders intended. You will learn about FDR's Second bill of rights granted by FDR rather than by your Creator. You will learn that FDR ruled by intimidation and threat of imprisonment to have his way. You will understand that FDR was the father of the entitlement system in the U.S. and that he taught our people to speak out loud and to demand entitlements as though they were rights granted by our Creator. FDR believed that people were entitled to a home and a living wage. He believed that these were rights. But who grants these rights...another man...or our Creator? Rights can only be granted by the Creator and no man can take them away. The Creator grants no rights that man can provide. FDR believed in the redisribution of wealth in order to grant 'his' rights. Socialism. Another step down the road to serfdom. The myth of FDR is exposed in this great book. You will be glad that you read it and it will give you some words to use in the battle for freedom.
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This book is worth reading in the times we live in today. The author chronicles FDR's faults as well as his achievements. I did have a problem with some quotes being repeated in different chapters. I recommend this for people who want to argue with New Deal supporters. It will make them think about their ideology and what is best for individual people.
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