It could work out this way. I certainly hope it would. But . . . the conspirators might win and then we really would have a fascist government!The Business Plotters are slightly less stupid and approach literally anyone other than other than Smedley "War is a Racket" Butler as their frontman. Seriously, there's a difference between point out a scam and saying you want in on it.
George Mosely perhaps? Well connected, fascist leanings. Anyway the plot goes further before it's thwarted, resulting in a nationwide antifascist backlash.
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At least for a while we would. And even when things loosened up, we would still have have a center right government, economics and unemployment be damned, we’d just blame poor people for being poor. Like in OTL in which some branches of the American Legion at least informally attacked camps of unemployed men during the Great Depression (the local leadership probably could have prevented it).
And even later when we elect a progressive government, the army might stay in reserve much like an opposition party. This has happened with some Latin American countries, a goodly number of which we helped to put the dictatorship into power in the first place.