Charlotte, NC — On Sunday, I read a story in the latest issue of Newsweek that described how Joe Biden wants to channel FDR if he is elected President. The story outlines a recent conversation with the Biden campaign, where Biden said that he wanted bold ideas to transform the US economy. The idea is that he wants to do something bold and different as FDR in response to the Great Depression.
The story continued talking about how Biden has transformed his thinking in the past few months. He has come to agree to student debt cancellation. He has decided to support free college tuition for some Americans. Biden has adopted multiple socialist platforms as his own.
The story highlights how Biden seems to think he has an opening to attack Trump on the economy. The economy that was probably the strongest our country has ever seen. The same economy that added jobs in the most recent jobs report amid economic turmoil from the coronavirus.
The thought of being bold like FDR should give us a lot of concern as Americans. Most Americans were not around to experience the Great Depression. Even more have little knowledge of all that occurred during this period. The only thing that they know is that FDR implemented the New Deal.
The Foundation for Economic Education has some great information about the Great Depression on their site. This article shares some of the stories as the US unemployment was over 17%, and the economic outlook was pretty dim. There is a quote the article shares from FDR’s treasury secretary on the failure of the New Deal. Here’s what it says:
On May 6, 1939, Henry Morgenthau, Roosevelt’s treasury secretary, confirmed the total failure of the New Deal to stop the Great Depression: “We are spending more than we have ever spent before and it does not work. . . . I say after eight years of this Administration we have just as much unemployment as when we started. . . . And an enormous debt to boot!”
The interventionist policies of FDR did not shorten the Great Depression. Roosevelt raised the minimum wage, which in turn force 500,000 black workers out of their jobs. The era was marred by increased regulations, which in turn continued to depress the economy further. Not a single aspect of the American economy was left out.
Joe Biden wants to channel these policies as part of his potential administration. As he continues to develop his strategies, he is accepting of things like $15 per hour minimum wage, debt cancellation, free housing, free tuition, and so many more socialist policies.
Throughout the primary, Biden has attempted to position himself as a voice of reason and common sense. He has implied that President Trump is insane, and that he is a moderate who can bridge the gap. Biden is far from a moderate now.
He has embraced these socialist policies, and will no doubt continue his move to the left. The decision that everyone will face in November is not between a moderate and Trump. The decision will be a much more divided decision than this.
November’s election is between President Trump and a fundamental change to American society. We are not talking about small changes to our culture. We are talking about a complete overhaul of the fundamental freedoms we enjoy every day. This is an election between liberty and socialism.
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