Re: 2020 Democratic Challengers: Boogaloo
Kep thinks FDR was a conservative
This is a
bit of an exaggeration. FDR was a pragmatist, though given his background and social circle he was obviously sympathetic to conservative, paternalist voices. He saw Keynsian policies as an untried alternative and, recognizing that classical economic policy wasn't helping the US out of the Depression, he tried the New Deal to jump start the economy. However, he withdrew those healthy policies too quickly and caused the engine to stall out again. The Depression was able to continue because FDR faced tremendous pressure to revert the US to a plutocratic economy as soon as possible.
When the war came and it was an existential crisis to make the US productive he finally relented and allowed a full Keynsian solution, with the result that the middle class was created and the US became a great economy and a great country.
As soon as the banksters recaptured control of the government and repealed the New Deal, slowly at first in the 70s and then at full gallop in the 80s, the US economy has again cratered for everyone except the super rich. Obviously the rich do not want the general public to make the connection, hence the spectacular array of misleading or flat out dishonest narratives generated by their think tanks and the 1%-owned media with the brainwashing effect on inattentive members of the public that we see here every day.
There are three economic lessons from the 20th century: pure capitalism is lethal to freedom and democracy, pure communism is lethal to freedom and democracy, a mixed economy that preserves private personal property rights but socializes public assets such as utilities and significant industries and heavily regulates the financial sector, and which caps personal wealth (albeit at still obscene levels) avoids the worst excesses of both. FDR seems to have understood all three lessons and incorporated them into his economic policies. His reward is having been the greatest president since Lincoln by a Secretariat-like margin.