FDR’s Economic Philosophy / The New Deal


Image by Tony the Misfit
FDR’s economic program was called "The New Deal".

The New Deal was the title that United States President Franklin D. Roosevelt gave to a sequence of programs he initiated between 1933 and 1938 with the goal of giving relief to the poor, reform of the financial system, and recovery of the economy during The Great Depression.

The "First New Deal" of 1933 aimed at short-term recovery programs for all groups. The Roosevelt administration promoted or implemented: banking reform laws, emergency relief programs, work relief programs, and agricultural programs.

A "Second New Deal" (1935–36) included: union protection programs, the Social Security Act, and programs to aid tenant farmers and migrant workers. The Supreme Court ruled several programs unconstitutional; however, some parts of these were soon replaced, with the exception of the National Recovery Administration).

Several New Deal programs remain active with some still operating under the original names, including the: Federal Deposit Insurance Corporation (FDIC), the Federal Housing Administration (FHA), and the Tennessee Valley Authority (TVA). The largest programs still in existence today are the Social Security System and Securities and Exchange Commission (SEC).

"The test of our progress is not whether we add more to the abundance of those that have much; It is whether we provide enough for those who have too little".

Let’s consider that and compare it with the attitudes we hear far too often today – just a suggestion.

Seen at the FDR Memorial, Washington D.C.

Only about 26 percent of the oil from the Deepwater Horizon leak is still in the water or onshore, but most of it is diluted and breaking down rapidly, officials say. The NYT reports.
CNBC Top News and Analysis

In other news:
Shares still up at midday
UPDATE: THE Australian stock market was higher at noon today despite giving up some early gains after the release of soft retail sales figures.
Read more on Weekly Times

Q & A:
Question by Amanda A: Old Photo that I can’t find.?
Does anyone know of an old photo from the great depression of a Rolls Royce for sale in black and white that says something along the lines of “For Sale Lost Everything in Stock Market” I think it is a lovely photo and would like the link to it or at least what words I can search for it.
Thanks.

Best answer:

Answer by Shaikha A
see from google

Know better? Leave your own answer in the comments!

FDR’s Economic Philosophy / The New Deal is a post from: squeezeApenny.com

Stocks in the Red


Image by Strychnine
Architectural detail of Seattle Central Library, inspired by recent stock market performance.

The market is fixating on crumbling confidence in the economic recovery and may continue to ignore the good news that’s likely to show up in corporate earnings reports in the coming week.
CNBC Top News and Analysis

In other news:
Dow drops 261 points on consumer confidence, earnings data
Indexes go into the red for the week, with the Dow off 1%, the S&P 500 down 1.2% and the Nasdaq declining 0.8%. Investors drive the yield on the 10-year Treasury note up to 2.94%. The stock market suffered its biggest setback in three weeks Friday, with the Dow industrials sinking 261 points, as slack consumer confidence and troubling results from bellwether firms revived fears about the …
Read more on Los Angeles Times

Q & A:
Question by water_skipper: Can the stock market outperform the economy?
Can the stock market outperform the regular market (economy)? There’s something I don’t understand. Let’s say there’s 100 corporations and those corporations control the entire economy. Let’s say those corporations each have a PE of 20. Now let’s say over 100 years, the economy has grown at an annual rate of 6%. If their PEs are still 20, then wouldn’t that have meant their stock value has grown at an annual rate of 6% too. I know this is a simplified example, but I just don’t understand how “the economy” can grow at a different rate than “the market.” Long answers are welcome, if they’re understandable.

Best answer:

Answer by Matthew O
Speculation can drive the price of the stocks far, far higher than the earnings of the stocks. That means that the prices on the stock market can go a lot higher than the actual production of goods and services in the general economy. That’s when the market is overpriced. At such a time, it would look like the market outperformed the economy, as you put it. Of course, eventually there will be a correction.

Add your own answer in the comments!

Good Earnings, Bad Economic Reports Tug Stocks Two Ways is a post from: squeezeApenny.com

The latest jobs report spooked investors Friday because it showed that the labor market isn’t bouncing back as rapidly as many had hoped it would.
The Buzz – CNNMoney.com

In other news:

Q & A:
Question by James K: My “Yahoo News-Top Stories” is not being updated for several days. Why?

Best answer:

Answer by Stuart
Your My Yahoo! page is stored in a file on your computer called a cache. What you are seeing is the cache file, which comes up more quickly than the newest page that’s actually on the internet.

To update the page, hold down the SHIFT key on your keyboard and click the REFRESH button at the top of your toolbar. (Or hold down SHIFT and hit the F5 key.)

This will load the fresh information.

Give your answer to this question below!

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Part 5 of The Survival Report’s series on Survival gardening looks at what to grow from a survival standpoint. Criteria is given based on a SHTF / survival standpoint. Seed saving is discussed as well. www.survivalreport.net www.homesteadingandsurvival.com survivalist, survivalists, survival, preparedness, prepare, bird flu, plagues, economic collapse, Red Dawn, Survival Report, AK 47, AR 15, food storage, food shortage, famine, gas prices, gas shortage, organic gardening, permaculture, homesteading, self reliance, self-sufficiency, back to the land, back to basics, pioneer living, off grid, alternate energy, war, terrorism, Alex Jones, stock market crash, survival retreat, militia, logistics, end times, revelation, post tribulation, end of oil, peak oil, anything else I missed as tags

Survival Gardening Part 5, economic collapse, peak oil, SHTF is a post from: squeezeApenny.com

Max Keiser predicts the destruction of the American Economy and the American Dollar. The American Economy is a Ponzi scheme with George Bush and “Financial Terrorist” Henry Paulson doing a controlled demolition. The bailout is only for their friends, bankruptcy is for their enemies.

Max Keiser – American Dollar To Go To Zero – American Dollar Is Garbage – Economic Collapse is a post from: squeezeApenny.com