PFRDA

American history survey question for my class?

Of the following New Deal programs, which one do you think affects your life the most and why? .National Pension System- Social Security system pays out old-age pensions (and has been expanded to include aid to other groups). Its funded through taxes on employers and employees. .Oversight of Labor Practices- Created by the Wagner Act, the National Labor Relations Board oversees labor unions. It also investigates disputes between management and labor. .Agricultural Price Supports- This program pays farmers to raise crops for domestic use rather than export. To receive payments, farmers must agree to limit space they devote to certain crops. .Protection for Savings- After the bank holiday of 1933, the Federal Deposit Insurance Corporation was created, The FDIC insures bank deposits up to $100,000. It replaces the deposits of individuals if banks close. .Regulation of the Stock Market- A federal agency called the Securities and Exchange Commission watches the stock market. It makes sure companies follow fair practices for trading stocks. *I know this question is supposed to be class-wide but I wanted to experiment and see what other people think.

Public Comments

1. the New Deal was an abysmal failure. almost all of today's economists agree that Franklin Roosevelt extended the Great Depression at least 7 years longer than it needed to last. the New Deal failed because it interfered with natural market forces that would've corrected themselves sooner than later. for example, for every government job that was created, more jobs were lost in the private sector, which were the only jobs that could've helped revive the economy. today, Obama is taking us down the same path that Roosevelt took in 1933. also, for the record, FDR was not a good president. he was an aspiring dictator who ruled for longer than what was gentlemanly (4 terms) and tried to circumvent the Constitution by packing the Supreme Court with Democrats (1937 Judiciary Reorganization Bill). he was a communist sympathizer who cozied up with Stalin and allowed the Soviets to take East Berlin. finally, his internment of 110,000 Japanese-Americans was one of the worst civil rights violations in U.S. history.