Worst Economic President in US history (user search)
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  Worst Economic President in US history (search mode)
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Poll
Question: which do you think it was/is
#1
Obama
 
#2
Carter
 
#3
Clinton
 
#4
Johnson
 
#5
FDR
 
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Partisan results

Total Voters: 36

Author Topic: Worst Economic President in US history  (Read 16521 times)
The Duke
JohnD.Ford
Junior Chimp
*****
Posts: 9,270


Political Matrix
E: 0.13, S: -1.23

« on: July 09, 2009, 07:31:53 PM »

You would have to be deranged to think Reagan was the worst.

Of the available choices, LBJ did the most long term damage and was, in my view, the worst.

Carter and Bush were poor, but it only people without a sense of history could think they were the worst.

There is no reasn to even put FDR in a poll for 'worst' except to appease libertarian ideologues.

Hoover is a strong contender for worst ever, but I have to agree with the people who have said Jackson was the worst.

Jefferson was also terrible and doesn't get enough blame for the embargo of 1807.
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The Duke
JohnD.Ford
Junior Chimp
*****
Posts: 9,270


Political Matrix
E: 0.13, S: -1.23

« Reply #1 on: July 13, 2009, 07:33:53 AM »

Taxes had very little to do with the depression one way or the other.  The depression was primarily a monetary phenomenon.  When FDR changed the gold peg and instituted the bank holiday, you saw an almost immediate turnaround because the money supply stopped shrinking.  This change in the money supply from 1933-1936 was the main driver of recovery and overwhelmed whatever negative effects there were from the tax increases.

Suggesting that the economy of the 1930s moved one way or the other because of tax rates is like saying New Coke failed because of the color of the can.  I'm sorry, but there were simply more powerful forces at work than tax rates.  FDR's greatest accomplishment prior to World War II was changing the gold peg.  That decision saved our economy (And perhaps our Constitutional democracy with it).
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