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Obama Says FDR Was "Fiscally Conservative"
Brian Koenig ^ | 7/25/11 | Brian Koenig

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.

www.brianekoenig.com


TOPICS: Business/Economy; Government; Politics
KEYWORDS: fdr

1 posted on 07/25/2011 9:41:22 AM PDT by Freemarkets101
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To: Freemarkets101

compared to Obama, he was !


2 posted on 07/25/2011 9:42:32 AM PDT by Elendur (the hope and change i need: Sarah / Colonel West in 2012)
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To: Freemarkets101
In comparison to President 0, he was.
3 posted on 07/25/2011 9:42:58 AM PDT by MNJohnnie (Giving politicians more tax money is like giving addicts free drugs to cure their addiction)
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To: Freemarkets101

Compared to Barack Obama, Franklin Roosevelt WAS fiscally conservative.


4 posted on 07/25/2011 9:43:13 AM PDT by WayneS (Enlightened statesmen will not always be at the helm. -- James Madison)
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To: Elendur

Dang nabit, beat by 26 seconds! Well played


5 posted on 07/25/2011 9:43:45 AM PDT by MNJohnnie (Giving politicians more tax money is like giving addicts free drugs to cure their addiction)
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To: Freemarkets101

Obama is a moron.


6 posted on 07/25/2011 9:44:15 AM PDT by jospehm20
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To: Freemarkets101

of course Obama thinks FDR was conservative.. to Obama, FDR didn’t spend money, he “invested” wisely.


7 posted on 07/25/2011 9:44:47 AM PDT by rokkitapps ( Hearings on healthcare waivers NOW! (If you agree make this your tagline))
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To: Freemarkets101

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!


8 posted on 07/25/2011 9:44:56 AM PDT by laweeks
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To: Freemarkets101

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.


9 posted on 07/25/2011 9:45:27 AM PDT by Mr. K (CAPSLOCK! -Unleash the fury! [Palin/Bachman 2012- unbeatable ticket])
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To: Elendur

FDR had the Civilian conservation Corps, Obama just lets people squat in their houses and not pay for them.


10 posted on 07/25/2011 9:45:56 AM PDT by omega4179
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To: Freemarkets101

..he also say’s he was born in Hawaii.


11 posted on 07/25/2011 9:46:44 AM PDT by Doogle ((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: Freemarkets101
Seriously, though, this comment is a PRIME example of the mind-set and political philosophy of our current president. I do not doubt that he really believes FDR was fiscally conservative — which should tell any sane person everything they need to know about Mr. Obama, his fitness for office, and how ‘brilliant’ he actually isn't.
12 posted on 07/25/2011 9:48:13 AM PDT by WayneS (Enlightened statesmen will not always be at the helm. -- James Madison)
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To: Freemarkets101

So is he stupid, insane or evil?

Pick any two.


13 posted on 07/25/2011 9:51:13 AM PDT by Wildbill22
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To: Freemarkets101

Compared to Barry, he was . . . . . Oh, nuts, too slow again!


14 posted on 07/25/2011 9:51:48 AM PDT by Genoa (Starve the beast.)
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To: Freemarkets101

Obama is itching for a confrontation.


15 posted on 07/25/2011 9:53:34 AM PDT by ronnyquest (I spent 20 years in the Army fighting the enemies of freedom only to see fascism elected at home.)
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To: Freemarkets101

He must be smoking the really good stuff.


16 posted on 07/25/2011 9:55:39 AM PDT by iceskater (I am a Carnivore Conservative - No peas for me. (h/t N.Theknow))
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To: Freemarkets101
FDR ran on a fiscally conservative platform, and then betrayed the people who voted for that platform by flooding Washington with Fabian Socialist & out right Communist appointees. Unfortunately in a panic to appear to be doing something, most of the former Conservative Democrats in Congress raced to follow him into that betrayal.

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.

William Flax

17 posted on 07/25/2011 9:56:01 AM PDT by Ohioan
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To: Freemarkets101; All
 

 

18 posted on 07/25/2011 9:58:38 AM PDT by potlatch (They that sow the wind shall reap the whirlwind......)
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To: Freemarkets101

Once AGAIN Obama confirms he has no knowledge of AMERICAN history. Did he even show up to his U.S. History classes? Did he even attend history classes in the United States? Or is Obama just playing the "liberal word redefinition game" with the phrase "fiscally conservative", like what Bill Clinton did with "sexual relations"?


19 posted on 07/25/2011 10:01:05 AM PDT by so_real ( "The Congress of the United States recommends and approves the Holy Bible for use in all schools.")
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To: Freemarkets101

Compared to a Marxist like Obama, all previous presidents were fiscally conservative, except for maybe Woodrow Wilson.


20 posted on 07/25/2011 10:01:22 AM PDT by CharlyFord (t)
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To: Freemarkets101; All

21 posted on 07/25/2011 10:01:44 AM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: Freemarkets101

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.


22 posted on 07/25/2011 10:02:00 AM PDT by arrogantsob (Why do They hate her so much?)
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To: Freemarkets101

Translation:

“WAAAAA!!!! Look at him he did it why can’t I do it tooooo!!!!???”


23 posted on 07/25/2011 10:02:13 AM PDT by eaglestar
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To: Freemarkets101; All
"Obama Says FDR Was "Fiscally Conservative""


24 posted on 07/25/2011 10:05:44 AM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: Freemarkets101
Obama knows full well that FDR was no fiscal conservative. Just another lie from POTUS.
25 posted on 07/25/2011 10:08:41 AM PDT by Major Matt Mason (“I must confess, when I see anyone with an Obama 2012 bumper sticker, I recognize them as a threat")
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To: Freemarkets101

FDR?? Yeah? And the Democratic Party never endorsed or embraced slavery either...


26 posted on 07/25/2011 10:10:37 AM PDT by WKUHilltopper (And yet...we continue to tolerate this crap...)
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To: Wildbill22

He who controls the past controls the future .


27 posted on 07/25/2011 10:12:22 AM PDT by DManA
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To: Wildbill22

He who controls the past controls the future .


28 posted on 07/25/2011 10:12:34 AM PDT by DManA
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To: Freemarkets101

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.”


29 posted on 07/25/2011 10:14:37 AM PDT by DManA
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To: Freemarkets101

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.


30 posted on 07/25/2011 10:19:31 AM PDT by fatnotlazy
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To: Freemarkets101

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.”


31 posted on 07/25/2011 10:37:20 AM PDT by ScottinVA (As a party that gives Obama what he wants, what again is the GOP`s 2012 selling point?)
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To: Freemarkets101

Compared to Stalin maybe


32 posted on 07/25/2011 10:54:33 AM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: Freemarkets101

Maybe Obama will launch his own National Recovery Administration with GE and GM getting the stickers first?


33 posted on 07/25/2011 10:56:11 AM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: Freemarkets101

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?


34 posted on 07/25/2011 10:57:24 AM PDT by Wurlitzer (Welcome to the new USSA (United Socialist States of Amerika))
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To: Freemarkets101

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.


35 posted on 07/25/2011 11:00:00 AM PDT by RexBeach (Mr. Obama can't count.)
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To: DManA

WW2 did not end the Great Depression, the end of the war (end of FDR) brought about the end of the Great Depression


36 posted on 07/25/2011 11:03:23 AM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: GeronL

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.


37 posted on 07/25/2011 11:08:35 AM PDT by DManA
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To: DManA

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.


38 posted on 07/25/2011 11:12:10 AM PDT by Vermont Lt (I can't think of anything clever, so I'll just say, "Obama sucks.")
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I don’t recall hearing a word from Barack about a plan or a tactic.
~Joe Biden



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39 posted on 07/25/2011 11:14:15 AM PDT by trisham (Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.)
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To: DManA

exactly.

Send half the country overseas and put the rest to work at government-run (pretty much) industries


40 posted on 07/25/2011 11:31:59 AM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: ScottinVA

I don’t think they make cattle prods with enough power to do him any good.


41 posted on 07/25/2011 11:37:51 AM PDT by meatloaf
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To: Freemarkets101
Over the last ten years or so, the liberal media started painting FDR as a "fiscal conservative," even though in the context of his own day he wasn't thought of in such terms. It was a redefinition or recontextualization of "fiscal conservative" to mean "against tax cuts," rather than "for lower spending and lower deficits," and was largely directed at the Bush administration.

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."

42 posted on 07/25/2011 11:52:03 AM PDT by x
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