The New Deal didn’t rescue the US economy from the depths of the Great Depression – World War 2 did. FDR’s spending programmes marked the start of the New Deal era that dominated the US until the 1970s. It would take a decade of stagflation to reverse the disastrous effects that the emergence of theContinue reading “FDR’s New Deal Failure”
Tag Archives: democrats
Commitment to America: Plan for Growth?
As the US midterms swiftly approach, an economic crisis is at the forefront of voters’ concerns. The economic consequences of both cannot be understated, with a seemingly porous Southern border coupled with a tidal wave of crime. The inflation crisis is cutting into households’ spending power, with Republicans’ citing the loss of energy independence asContinue reading “Commitment to America: Plan for Growth?”
Inflation Promotion Act?
Faced with the prospect of a tidal wave of Democratic Party losses in the upcoming midterms, the first incoherent President embarked on a mission to pass what he termed the most ‘progressive bill’ since FDR. Slimmed down from the infamous ‘Build Back Better’ bill that featured a series of unfunded spending pledges, the wasteful spendingContinue reading “Inflation Promotion Act?”
Biden’s backwards budget
On the 28th of March, President Biden set out his $5.8 trillion budget proposal for 2023. One of the largest in American history, this historic piece of legislation outlines $4.1 trillion as part of an American ‘Jobs and Rescue plan’ alongside an additional $1.7 trillion in discretionary spending. Proposed tax increases in this bill amountContinue reading “Biden’s backwards budget”
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