Obama saying FDR was a fiscal conservative is kind of like Michael Moore calling Debbie Stabenow “svelte.” It’s a matter of personal perspective.
Even still, Obama’s really getting off the rails these days:
By way of direct comparison, Obama probably does consider FDR a fiscal conservative, and maybe based only on that one-on-one categorization he’s correct. But as a matter of sheer “big picture” reality, Obama’s way wrong:
No one grew the size of government, taxation and spending in peacetime the way Roosevelt did, Powell said.
“FDR tripled taxes and spending more than doubled from 1933 to 1940,” Powell said. “That was the biggest increase in peacetime spending in American history. Before that, the biggest increases in spending came during wars.”
Further, the New Deal did not bring the economy back and prolonged recovery, Powell said, as unemployment was still at 17 percent by 1940, before war spending began to pull the country out of the depression.
“There were a number of New Deal policies that make it harder and more expensive to hire people,” Powell continued. “Compulsory unionism made it more costly to hire people. The more expensive something is the less you get of it. The more you subsidize something, the more you have of it.”
Despite the $500 billion spent under FDR through various programs, the unemployment rate in the United States did not significantly decrease until after the U.S. officially entered World War II in 1941, according to Bureau of Labor Statistics (BLS) records from 1929 through 1944.
Does all that sound familiar? They obviously don’t teach history in law school.