Posts Tagged FDR

Outlook For The Year Ahead ~ Continued

Posted by Harley in The Economy on January 20, 2010

3) Do you think the Obama Administration is too well meaning and intelligent to lead us down a path of destruction? Well, consider this quote from one of  the best researched books on the Great Depression, FDR’s Folly, by Jim Powell.

“Why did the smart, well educated, well intentioned New Dealers back policies that prolonged the Great Depression? How could they have gone so wrong? Most of the New Dealers were lawyers . Few among them, including FDR, had any practical business experience. The New Dealers came to believe that their knowledge, combined with their political power, could cure the problems of the world. They thought that by issuing executive orders, passing laws, raising taxes, and redistributing money, they could make society better.”

4) Look at the chart below on the business experience of the Obama Administration, compared to that of each Administration since 1900. Its frightening to realize how little our current leaders know about how the real world operates, especially with the economic conditions we face today.

private-experience.png

Almost no one in Obama’s administration has ever had a job outside of government, much less owned a company in the private sector where they were forced to make payroll, or even to use Quickbooks to make sure that the company could pay its bills.

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FDR’s Folly

Posted by Harley in Financial Education on October 3, 2009

Be reminded of a quote by Jim Powell in his book “FDR’s Folly, How Roosevelt and His New Deal Prolonged the Great Depression” ~

“Why did the smart, well-educated, well-intentioned New Dealers back policies that prolonged the Great Depression? How could they have gone so wrong? Most of the New Dealers, as noted, were lawyers. Few among them, including FDR, had any practical business experience. They certainly seemed to have overestimated the importance of their knowledge, as opposed to the knowledge of millions of ordinary people spending their own money and running their businesses. The New Dealers really came to believe that their knowledge, combined with political power, could cure the problems of the world. They thought that by issuing executive orders, passing laws, raising taxes, and redistributing money, they could make society better.”

Does that sound familiar? Remove “New Dealers” and replace it with “The Obama Administration”.  No one in Obama’s Cabinet or inner circle has real business experience: all Ivy League attorneys who believe they’re smarter than the Free Market Economy. All their polices will make things much worse. They should have let the then free market take care of the mess. But no, this time we will have $100 trillion in combined debt to deal with. Are we headed to the Second Great Depression? Perhaps, and therefore vital you tap into a real financial education via the Elite Wealth Plan and not one made by Wall Street who will lead you blind just like they did with the October 2008 crash. After all, this current government manipulated market has only recaptured 50% of your 2008 losses and is getting ready to hand you additional losses of greater than 50% again!

Go back and read the article above by Justin Ford posted to this blog. Do you know how to make money in any kind of a market whether it is up or down or sideways? If not, get the financial education you must have to weather the coming storm while, at the same time, you also generate a current and residual income in your own home based business.  Visit The Elite Wealth Plan Products and Services page.

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