Friday, May 19, 2017

The Russian connection

Although it is a threat to the republic, the "Russian collusion" fantasy that libs currently are embracing has its humorous aspects.
Early in the New Deal, a delegation of President Roosevelt's vaunted Brain Trust went to Europe. They wanted to visit with Mussolini, whom they admired. He was busy and they went on to their main destination -- Russia.
They were mightily impressed with the work of Josef Stalin, the Russian Communist dictator who had murdered millions of Russia's citizens.
In their eyes, he had made the economy of his nation thrive.
When they returned, they urged Roosevelt to emulate the methods of Stalin and Mussolini. At first, Hitler impressed them, too, but eventually they decided his methods might be a bit excessive.
Roosevelt, a novice who had never earned a profit in the business his wealthy family left him, went on to try one heavy-handed scheme after another to combat the depression. Often the methods were at odds with one another: food was destroyed while people were queuing up in breadlines. Wages were kept high while millions were unemployed.
But the effects of the trade protectionism and poor monetary policy could not be overcome with the Russian-style command and control methods. In 1937, a second Depression occurred and the economy remained in the doldrums until the war brought employment and the victory brought about recovery. In the meantime, Roosevelt had abandoned many of his wacky schemes and the courts had eliminated others.
It is all set out in The Forgotten Man by Amity Schlaes. I've read a number of books about the New Deal. This is the best, being the most well researched and even handed.
There is no Russian collusion today. There was in the 1930s and it was brought about by a politician that liberals have elevated to sainthood.