This image is taken from the 1934 Chicago Tribune cartoon ‘Planned Economy or Planned Destruction?’. It focuses on the character of Leon Trotsky, who is laying out a series of policy goals for the United States. The Chicago Tribute suggested in its latest reprint of this cartoon that we take a look at this cartoon and see if it rings true in today’s political and economic climate. Whereas others have focused on simply analyzing the larger cartoon to identify all the characters in it (for the best analysis see this post), today I am going to attempt to see if this cartoon [...]
FDR
Three Ways in which President Obama is like President Roosevelt
History repeats itself, and when the economy crashed in 2008 there was a great opportunity for President Barack Hussein Obama (BHO) to play the role of former US President Franklin Delano Roosevelt (FDR). And as time has gone on, the comparisons between these two Presidents and their actions has become more clear. Following are Three Ways in which President Obama is like President Roosevelt: 1. Both candidates ran for election the first time as moderates but have governed from the start as radicals. In 1932, FDR ran for election on a platform promising less spending, less government, and vague policies [...]
Lessons from Economic Recessions- Introduction and Great Depression
History teaches lessons- it allows those of us in the present to see how results in the past worked. Economic recessions are a great teaching tool for policy makers and average citizens, because they teach us how the recession may have happened and how to emerge from the recession and therefore inform us as to the policy actions that we must take and those that we as citizens must support. The problem is though that policymakers and citizens really only have learned about one historical economic recession, The Great Depression, and the lessons that they have been learned regarding this [...]
FDR and terrorists and spies, oh my…
On December 25th, 2009 a 23 year old Nigerian Muslim boarded Northwest Airlines flight number 253 with explosives hidden in his underwear. His name: Umar Farouk Abdulmutallab. His mission: to kill as many Americans as possible. His training came from Al Qaeda after he was recruited by Anwar al-Awlaki. The same Anwar al-Awlaki who had ties to the shooter in the Ft. Hood massacre, Major Nadal Malik Hassan. Abdulmutallab (ab-dool-moo-tal-ab) is an enemy combatant. He donned no uniform, and carried no insignia of any standing army. He wore civilian clothes and attempted to perform a terrorist act upon the citizens [...]
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