Obama Must Be Even Bolder than FDR

Discussion in 'Politics' started by KenH, Jan 24, 2009.

  1. KenH

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    Excellent! :thumbs:

    OBAMA MUST BE EVEN BOLDER THAN FDR

    Wednesday, January 21, 2009
    Posted by Jim Hightower

    Listen to this Commentary

    When Franklin Roosevelt was accused of being a traitor to his own privileged class, he jauntily replied: “I welcome their hatred.”

    He would feel right at home today, then, for FDR-haters are on the prowl once again, now led by right-wing think tanks and talk-show yackers who are busy rewriting history to belittle the achievements of Roosevelt’s New Deal. Their real target is Barack Obama’s economic recovery plan, which is largely modeled on the New Deal approach of government spending for roads, schools, parks, conservation, and other public works, putting millions of people to work on jobs that need doing.

    The official line of these naysaying popinjays was laid down last fall by the far-right-wing Heritage Foundation, which asserted that the New Deal was a failure. Yes, parroted Fox News pundit Monica Crowley, who blathered that the failure is proven by “all kinds of studies.” Her Fox colleague Gregg Jarrett dutifully echoed her insight by saying, “I think historians pretty much agree on that.”

    Uh… no, they don’t. Indeed, they pretty much agree that millions of families were saved back then by the New Deal’s public works programs, and that many millions more continue to benefit today from the work that those people produced.

    The chief shortcoming of FDR’s public spending approach is that he didn’t do enough of it. After winning a smashing re-election bid in 1936, largely based on the popularity of his New Deal, Roosevelt gave in to Wall Street interests who were demanding a cut back in federal spending. The result was a relapse into recession in 1937, a return to double-digit unemployment, and a rejection of Democrats in the 1938 congressional elections.

    Likewise, 2009 is no time for timid steps. The challenge for Obama – and for our country – is to stand firm against the ideological naysayers and to be even bolder than FDR.

    - rest at http://jimhightower.com//node/6711
     
    #1 KenH, Jan 24, 2009
    Last edited: Jan 24, 2009
  2. LadyEagle

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    Seems like money or the lack of it is all that matters to some people when it comes to Obama.
     
  3. carpro

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    Not bolder.

    Smarter.

    There is no indication such is the case.
     
  4. rbell

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    Ah, yes...opposing Obama's policies means I'm an "FDR-hater."

    One...I don't hate FDR or Obama. I just disagree with a majority of his policies.

    Two...FDR wasn't the saint everyone makes him out to be. He didn't end the Depression overnight...in fact, without the War, he wouldn't have ended it at all. Second...we're just about bankrupt thanks to FDR's ponzi scheme (Social security, and the government's raiding of it).
     
  5. LeBuick

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    All of that is true and all of that was New. He never promised a good deal, just a New Deal.
     
  6. carpro

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    He didn't end the depression at all.

    He prolonged it. confiscatory tax rates and government make work projects will do it every time.
     
  7. dragonfly

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    Not true! FDR and his policies helped pull the country out of the Great Depression.
     
  8. rbell

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    Unemployment rate in the 1930's:

    1930 8.7%
    1931 15.9%
    1932 23.6%
    1933 24.9%
    1934 21.7%
    1935 20.1%
    1936 16.9%
    1937 14.3%
    1938 19.0%
    1939 17.2%

    SOURCE


    Not as cut and dried.

    Think of it like this: you're heavily in debt, so you take out a consolidation loan, but don't fix spending habits.

    For a while, you're better.

    In the end, you're much, much worse.

    WW2 did much more to jump-start us out of the depression than did FDR's "new deal."

    Furthermore...the programs instituted under FDR are bleeding us dry.
     
  9. Revmitchell

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    Not true! FDR and his policies helped extend the depression
     
  10. KenH

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    And World War II was, monetarily speaking, a massive federal government stimulus spending program.

    FDR's plans didn't do any more good than they did because he thought too small. That's why we need to avoid that mistake and make sure that this new stimulus program is probably in the $1.5 to $2.0 trillion range over the next two years.

    Plus, at least FDR's program did enough good to prevent the United States from turning to fascism or communism during the 1930s which was a real possibility if even slight improvement had not been shown and the general populace given some hope for the future.
     
  11. Revmitchell

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    You keep telling half the story. What happened during the war was new industry was created. That's what gave us so much prosperity in the 90's with the dotcom boom. Add to that the giving out of loans on a greater way to those who were not credit worthy. it drove housing up in an incredible way. Neither could be sustained and both caused a crash.

    What industry is Obama creating? He is spending but creating nothing. What is going on now fails to make any comparison to WW2. Simply spending money we do not have only puts us in debt we cannot pay. This is as simple as 2+2=4. You really need to get off the koolaid and start thinking for yourself.
     
  12. KenH

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    For starters, alternative energy industry and a new electric power grid.
     
  13. Revmitchell

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    I have some news for you. If that had any potential it would have been done a long time ago. Alternative energies produce very little. So what else you got?
     
  14. KenH

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    Watch and see, Pastor Mitchell. Watch and see. Alternative energy is the future of energy. If I was just graduating from college I would not go to work for a petroleum company with the idea that I would spend all of my working life there unless that company was also investing in alternative energy.
     
  15. Revmitchell

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    Nothing to wait on. It is failing in to many other countries. It has been proven a failure.
     
  16. KenH

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    It's an infant industry. Just wait and see what the energy complex looks like come 2020.
     
  17. Revmitchell

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    In the mean time we will fall onto a depression:BangHead:
     
  18. KenH

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    Not if we pass a $1.5 to $2.0 trillion dollar stimulus package to be spent during the next two years.
     
  19. Revmitchell

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    Most of it will not even begin beyond that.
     
  20. rbell

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    You want fries to go with that hyperinflation?
     

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