It appears that the cause of the Depression has been finally determined with certainty. The fault for the Depression, according to Rep. Steve Austria (R-OH), was Franklin Delano Roosevelt. This time traveling moment was all the more impressive since the Depression began in 1929 and Roosevelt took office in 1933.
“When (President Franklin) Roosevelt did this, he put our country into a Great Depression. He tried to borrow and spend, he tried to use the Keynesian approach, and our country ended up in a Great Depression. That’s just history.”
Indeed, this is just history and one cannot argue with history . . . any more than one can argue with the fact that Carter started the Vietnam War or Truman was behind the Teapot Dome scandal.
Here is the skinny from his bio:
Prior to his service in the Ohio Legislature, Senator Austria was a small businessman and financial advisor. Steve is married to Eileen Austria and they are the parents of three sons; Brian, Kevin, and Eric. In 1984, the Austria family was chosen as the “Ohio Family of the Year” and subsequently was chosen as one of only nine families throughout the country as “The Great American Family” by the Reagan Administration. First Lady Nancy Reagan with President Reagan presented this award to the Austria family at the White House.
I totally missed the Great American Family competition. That is a bit of history that escaped me.
Now back to the time-traveling FDR. One of the principal reason for the confusion in all of the history books, newspapers at the time, and virtually every living American is that the stock market crashed on on October 29, 1929.
Now, before you blame the GOP for historical revisionism, consider the statement of now Vice President Joe Biden:
“When the stock market crashed, Franklin Roosevelt got on the television and didn’t just talk about the princes of greed. He said, ‘Look, here’s what happened.'” That was a moving sentiment, but if you happened to have one of the few existing televisions in 1929 and there was a broadcast from the White House, you would have seen President Hoover.
There is only two possibilities here. Either our leaders have a loose grip on history or they have secret knowledge that FDR was some alien who could use his faux chair to bend time and space.