Skip to comments.Obama Says FDR Was "Fiscally Conservative"
Posted on 07/25/2011 9:41:18 AM PDT by Freemarkets101
In response to a question regarding the poor state of the economy, President Obama asserted that FDR was "fiscally conservative" - you know, that executive powerhorse who, arguably, established the welfare state.
Whaa? Obama has made a bountiful share of asinine comments, but this one is beyond laughable. Quick note: FDR was the master inventor of the "New Deal," which uplifted a slew of new programs (at high price tags): the NIRA, the CCC, the TVA, the FDIC, the PWA, the NLRA, the WPA, the SSA, need I go further?
FDR is responsible for claiming a generous portion of the government program acronyms, which has made it difficult for later spendthrift presidents. Obama should be pissed.
Here are some of the President's comments:
Obama was referring to spending-cut measures Roosevelt took in the middle of the New Deal that lasted from 1933 to 1940.
FDR comes in, he tries all these things with the New Deal; but FDR, contrary to myth, was pretty fiscally conservative, the president said Friday during a town hall meeting on the campus of the University of Maryland.
And so after the initial efforts of the New Deal and it looked like the economy was growing again, FDR then presented a very severe austerity budget, Obama continued. And suddenly, in 1937, the economy started going down again. And, ultimately, what really pulled America out of the Great Depression was World War II.
Now we all know why Obama said what he did. First, he as always likened himself to FDR, so paying FDR a compliment is like paying himself a compliment.
His second reason was strategic, because saying FDR was "fiscally conservative" is saying that he himself is able to spend recklessly on New Deal-type programs while, at the same time, maintaining fiscal prudence. In political rhetoric land, it's a win-win.
compared to Obama, he was !
Compared to Barack Obama, Franklin Roosevelt WAS fiscally conservative.
Dang nabit, beat by 26 seconds! Well played
Obama is a moron.
of course Obama thinks FDR was conservative.. to Obama, FDR didn’t spend money, he “invested” wisely.
When you have never had a course in American history and have a great deal of contempt for our country (and have been grades-adjusted by affirmative action), you too would believe that FDR was conservative. Yeah for Affirmative Action and gross stupidity!
Obama is a dumbass. that is all there is to it.
He was never taught HOW to think, only WHAT to think.
He knows one solution, and applies it to every situation- Government spending of rich peoples money.
FDR had the Civilian conservation Corps, Obama just lets people squat in their houses and not pay for them.
..he also say’s he was born in Hawaii.
So is he stupid, insane or evil?
Pick any two.
Compared to Barry, he was . . . . . Oh, nuts, too slow again!
Obama is itching for a confrontation.
He must be smoking the really good stuff.
But Obama will say & do anything he can to undermine the America that we believe in. He demanded change; he had tens of thousands of middle-class Americans chanting like Nazis in Nuremberg, in staccato unison, their affirmation of that change. By contrast, FDR almost comes across as a patriot.
There is nothing more important to the survival of what is left of the America of the founders, that we retire this demagogue in 2012, and undo every wrong that he has thus far accomplished at our expense. But he will not go away quietly.
Compared to a Marxist like Obama, all previous presidents were fiscally conservative, except for maybe Woodrow Wilson.
FDR was Far Right compared to this clueless traitor.
He did not add trillions to the National Debt even though we had to fight the biggest war in history.
His budgets were either balanced or nearly so.
“WAAAAA!!!! Look at him he did it why can’t I do it tooooo!!!!???”
FDR?? Yeah? And the Democratic Party never endorsed or embraced slavery either...
He who controls the past controls the future .
He who controls the past controls the future .
What is most disturbing is how incoherent he is:
in 1937, the economy started going down again. And, ultimately, what really pulled America out of the Great Depression was World War II.
When I was a young pup, I was taught that Roosevelt saved us from the Depression — that thanks to his intervention, the Depression was lifted. Turns out that because of his socialist programs, the Depression actually went on longer than it might have. but the myth about Roosevelt is still taught in schools today.
Really sad that you are taught certain things when you are in school, but then you get out in the real world and find out they aren’t true. These days, children are indoctrinated and brainwashed. Good reason to homeschool, if you can do it.
First, 0bama claims his work on the debt is like Lincoln’s emancipation of the slaves; now this.
“Baraq, put your arms in this here straitjacket like a good lad. It’s time for some treatment.”
Compared to Stalin maybe
Maybe Obama will launch his own National Recovery Administration with GE and GM getting the stickers first?
nobama knows the limited intellect of his followers and knows he can throw all sorts of fecal matter at the wall and some of it will stick in their minds.
Remember his DNA challenged followers believe GWB was bad for spending too much and increasing the debt while at the very same time believing the mongrel in the WH is good even though he spends so much he makes GWB look like a tightwad.
How brain dead do you have to be to hold both those thoughts in your head at the same time?
That’s pretty funny. Mr. Obama thinks that FDR was conservative with spending.
So, does this mean that Mr. Obama knows this little about American economics?
I guess so.
WW2 did not end the Great Depression, the end of the war (end of FDR) brought about the end of the Great Depression
If WWII ended the depression than what we all must do is deliver all our stuff to a lot outside of town and blow it all up.
More specifically, taking millions of men off the streets and putting them into uniform, and pumping billions of dollars into lend lease products for the Russians and Brits took the rest of the streets.
I don’t see many car plants being turned into tank plants anytime soon.
When we run out of money, and the spigot runs dry for the entitled class, well...that is going to be a scary day for us.
Send half the country overseas and put the rest to work at government-run (pretty much) industries
I don’t think they make cattle prods with enough power to do him any good.
The key name here is Julian Zelizer, a Princeton professor who wrote "The Forgotten Legacy of the New Deal: Fiscal Conservatism and the Roosevelt Administration, 1933-1938" in 2000. The other names to know are Lewis Douglas and Henry Morgenthau, fiscally conservative members of FDR's adminstration. But Douglas resigned in protest against FDR's free spending ways. Morgenthau stayed on because he was a close friend of Roosevelt's, not because he agreed with the high spending.
This new narrative found a little support among neocons who wanted to make Obama look bad by comparing him to the very early days of Roosevelt's administration, when FDR was still rather fiscally responsible, but you have to go with what people living at the time thought, and for most of them Roosevelt, whatever his other qualities, wasn't fiscally conservative.
Fun Fact: "As Secretary of the Treasury, Morgenthau was first person in the presidential line of succession from June 27 to July 3, 1945, following the resignation of Secretary of State Edward Stettinius and [before] the U.S. Senate confirmation of James Byrnes. Had President Truman died, resigned or been removed from office otherwise during those seven days, Morgenthau would have become Acting President of the United States until the end of the presidential term in 1949."
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