President: Roosevelt (D); Senate: Barkley (D-KY); House: Bankhead (D-AL).
In the off-year elections of the Roosevelt second term the president's party suffered its first losses since 1928. In the Senate elections the Democrats lost 6 seats to the Republicans. In the House elections the Democrats lost 72 seats, the Republicans gained 81 seats, and the Progressive Party lost 6 seats. In the 76th Congress the Democrats maintained a commanding 68-23 majority in the Senate and a substantial 262-169 majority in the House.
1929-1939: A Decade that will live in stupidity.
Seventy years ago the leaders of both US political parties turned away from the policies that had created an economic powerhouse we call the Roaring Twenties. For ten long years Americans suffered through wrenching economic dislocations: deflation, inflation, a four-year economic contraction, endless unemployment, mindless political experiments, and ruthless attacks on businessmen for political gain as their leaders stayed Stuck on Stupid.
Today, after a twenty-five year economic boom, Americans are once more faced with a political elite that wants to monkey with success. It wants to raise tax rates. It wants to restrict trade. It wants to increase government power.
Its time to look back and remind ourselves how it came to be, starting in 1929, that America got itself Stuck on Stupid. Otherwise it could happen again.