More deceit and dishonesty by the media!

It is simply amazing, with all the rhetoric in the media about today’s economy, no one has looked back at the Great Depression. Keeping in mind that most so-called historians slant their work to favor Franklin D. Roosevelt, there is a common thread. A lot of the evidence points to Roosevelt’s anti business attitudes and policies as to what prolonged the Great Depression.  


The answer as to why this is so may be found on page 253 of Burton Folsom, Jr.’s book “New Deal or Raw Deal?”


Mr. Folsom notes that “As early as 1948, just three years after Roosevelt’s death, historian Charles Beard, who was especially irritated by Roosevelt’s foreign policy, had already noticed the almost cultlike attachment of historians to FDR. 'It is clear,' Beard wrote to Ray Moley, 'that anybody who deviates a hair’s breadth from the Roosevelt line is in trouble, not only from the professional smear Bund but also from ‘scholars.’ I have been through the mill myself.'”


Mr. Folsom goes on to point out that: “The situation may be worse today because so many historians have written books and articles favorable to Roosevelt – or ranked him highly in presidential polls – that to have Roosevelt discredited is to undermine their work and their careers.” 


This brings to mind what  "Louis Howie, Roosevelt chief advisor for twenty years…” told “…a group of students, Howe confessed, ‘You can’t adopt politics as a profession and remain honest.’ Howe reiterated, ‘If you are going to make your living out of politics, you can’t do it honestly.’” We can thank Mr. Folsom, this information comes from his book  “New Deal or Raw Deal?” page 40.


We find the above interesting and perhaps if we make modest changes and apply it to the profession of journalism it might explain some things. Let us try.


You can’t adopt journalism as a profession and remain honest. If you are going to make your living out of politics, you can’t do it honestly.  Without a doubt this would certainly explain what we are seeing in the profession of journalism today.


This probably explains why we do not get the information we need to make good decisions about the people we elect to public office. It may explain why the so-called main stream media is so intent on covering for Obama and his administration.


One of the most common threads between Roosevelts and Obama’s disastrous economic programs is their bashing of business. This when combined with their economic policies causes a constant turmoil in the business community and insures the same results. 


If we look at the double dip recession of the Roosevelt administration, which David M. Kennedy in his book “Freedom from Fear”, pages 350 and 351 tells us that;


“Critics called it the ‘Roosevelt recession.” It was a depression
within a depression, the first economic downturn since Roosevelt
 had taken office.”


The cause: “…laid the blame for the recession on the [Roosevelt] administration’s antibusiness policies or, somewhat more benignly, on the inevitable uncertainties brewed by the New Deal’s ‘regime change’ in the rules of the economic game. Repeated budget deficits, escalating regulatory burdens, threats of higher taxes, mounting labor costs, and most important, persistent anxiety about what further provocations to business the New Deal had in store, so the arguments ran, sapped the confidence of investors and inhibited the commitment of capital to new enterprises. The proof of this thesis seemed to be in the numbers: net new private investment in the mid-1930s was running at only about one-third of its rate a decade earlier. Capital, in short, was hibernating." 


Kennedy goes on to explain “Lammot du Pont [of the famous du Pont family fame] explained why in 1937:”


“Uncertainty rules the tax situation, the labor situation, the monetary situation, and practically every legal condition under which industry must operate. Are taxes to go higher, lower or stay where they are? We don’t know. Is labor to be union or non-union?… Are we to have inflation or deflation, more government spending or less?… Are new restrictions to be placed on capital, new limits on profits?… It is impossible to even guess at the answer.”


Now we find that Obama is following in the footsteps of Roosevelt!
While campaigning for president he promised: "So if somebody wants to build a coal-powered plant, they can. It's just that it will bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that's being emitted." See it here.


“Steve Wynn, CEO of Wynn Resorts, trashed President Obama on a company conference call today.” Here are the most damning portions of the call:


Investors Business Daily in an “Editorial: We're Sinking Under Obama's Policies” list some of the antibusiness acts of the Obama administration. 


This is our opinion and we would like to hear yours. You can reach us at wetrack@windstream.net 


Have a nice day.