Posted on 10/05/2008 4:07:58 PM PDT by melt
No one can yet know when the world economy will reach its low point and begin what may be a long climb to recovery. In the past week we have seen a couple of political events that have already proved not to be turning points: the summit meeting in Paris and the passage of the Paulson plan through Congress. These were no more than village halts on the railroad to depression.
However, we do know when the last global banking crisis was turned round, when confidence started to recover. Indeed, the Great Depression has precise dates for its beginning, which was the Wall Street panic on October 24, 1929, and for its recovery point, which came with Franklin Roosevelt's inaugural address on March 4, 1933.
In his 1,000-page biography of Roosevelt, which has become one of my most valued works of reference, Conrad Black observes that there are only two other inaugural addresses that are as well known to Americans, John F.Kennedy's in 1961, and Abraham Lincoln's second inaugural on March 4, 1865. American schoolchildren are still taught Lincoln's great pledge: “With malice towards none; with charity for all; with firmness in the right as God gives us to see the right.” That was Lincoln's commitment to reconciliation after the Civil War. Only assassination prevented him from fulfilling it.
Roosevelt's inaugural address has been quoted repeatedly in the past few weeks. “This great nation will endure as it has endured, will revive and will prosper. So first of all let me assert my firm belief that the only thing we have to fear is fear itself - nameless, unreasoning, unjustified terror which paralyses efforts to convert retreat into advance.”
There have already been many comparisons drawn between the Great Depression of 1929-1933...
(Excerpt) Read more at timesonline.co.uk ...
Let's see. First, he was Lincoln. Then he was Washington. Then he was JFK, and Irish. Next, he was Dick Cheney's cousin, & related to Brad Pitt. Now he's Roosevelt.
Have you ever seen an election where a Presidential candidate was so many different people in order to win?
Win, that is--- by not being himself.
Could Obama be the new Roosevelt? NO
Could Obama be the new (insert your own Marxist here____________)? YES
More like Jimmy Carter. An even if he wins remember that after one term of Jimmah, we got two terms of RONNY!
The new improoved new deal. Hmmm? It’s coming. It is going to be UGLY.
Considering FDR was the biggest Socialist to ever hold office in the U.S., I would say Obama makes FDR look conservative by comparison.
Barack Obama, the American Mugabe.
I wouldn’t be a bit surprised, Roosevelt played a large role in the creeping socialism infecting this country.
NO..more like the new Adolf
No, but he would be a Mugabe.
NO, they got this one wrong he ain’t no Roosevelt! Roosevelt was mere mortal and oSama is god! Sheesh, Ozero is jesus back from the grave! Somebody at the Tslimes dropped the ball here..get with it!
Obama is Obama, an America-hating Marxist. That’s all he is, all he ever will be.
I think you underestimate the degree to which America was saved from FDR’s fascism by the Supreme Court striking down much of the National Recovery Administration legislation.
Obama’s roots are Marxist, but Communism is no longer a going concern: the Soviet Union fell, and the nominal Communist countries now are either complete basket cases, or fascist in fact, Communist in name.
Yeah, he could be the next FDR. The problem is, this time the Congress might let him stack the Supreme Court.
That is how I see him, like Mugabe.
Roosevelt was not the hero Dems make him out to be - even my 87yr old mom knows war bailed his butt out - she was WAC in WWII stationed overseas 3 years.
“Have you ever seen an election where a Presidential candidate was so many different people in order to win?”
It’s the story of his life.
Which one? Eleanor?
Of course not !
Roosevelt was a socialist.
Obama is a Marxist
They keep comparing him to the wrong presidents. He has the same experience as Warren G. Harding and the same tendency to run around with crooks.
Hussein bids to be FDR to Bush’s Hoover. If McCain wins the election he will be FDR to Bush’s Hoover. We have a long hard time coming.
the war didn’t help the economy...that’s broken window fallacy. But FDR was a true American and believed in good fighting evil and that is something Obama doesn’t understand.
FDR may be a liberal but he was *our* liberal, just as mcCain may be a RINO but he is *our* RINO and won’t sell out our country to the islamofascists.
The Messiah could be Roosevelt--- if he's able to get on TV again in 1929...
Not Eleanor, he and Hillary don’t speak.
NObama/Roosevelt
Palin/Reagan
Reagan >>>>>>>>>roosevelt
after all, he wrote 2 memoirs
Wrong. At his core, albeit misguided, FDR was a true American. Obama is not. Obama hates America. He hates that for which it stands. And above all else, he hates white people.
FDR’s policies ultimately were based on the notion that the state could help individuals become self-sufficient. Yes, the results were different, but he truly believed that they could. He also worried about the possibility that he was wrong and that a sense of dependency could emerge for those programs. But at the end of the day he believed in America and wanted to get it back up on its feet.
Obama does not. Obama totally does not believe in the true individualist notion as it relates to the role of the state in our society. Entitlement is the norm. A free people in anathema to his grand design, which is to consolidate power in the government. In many regards he’s much more like Wilson than FDR (a member of the Wilson administration) ever was.
Lastly, FDR had more executive experience of consequence heading into the presidency than Obama has ever had. Obama’s claim to fame are running a couple of left-wing activities which managed to not accomplish anything. This is a man who’s written two autobiographies by his mid-forties. All that matters to him is his ego. It is in this vein that he’s probably the most dangerous man to run for the presidency in a long time. He’s rather Wilsonian in his view of politics and the presidency. He views the constitution as outmoded (just like Wilson did). His instinct is to snuff out dissent directed towards him (again, just like Wilson).
Obama’s cult of personality, coupled with general ignorance of our constitutional republican form of government among the populace is disquieting. This is a man who believes our constitutional rights can be taken away legislatively (ie guns) and that free speech can be challenged simply if, in the eyes of him, it is untrue.
This guy exudes the type of fascism that left wing nuts have stretched to accuse the current president of practicing.
Clinton took office in ‘93 and proceeded to stretch his mandate to the point that the electorate rejected it soundly in the ‘94 midterm elections. My guess is that an Obama administration would attempt to go far beyond what Clinton and congressional Democrats tried back in ‘93/’94.
It appears that some voters believe Obama to be some kind of moderate centrist type Democrat. They are going to be in for a rude awakening should he somehow manage to win this thing.
No. Roosevelt at least wanted to kill facists. Hussein embraces them—indeed, he is one of them.
Tell your Mom I said thanks-I don’t think we’ll ever see the like of her and her generation again.
Well, given that FDR’s Great Society programs were socialist garbage that actually extended the Great Depression, that the media and schools have hidden this, and that those programs laid the foundation for the current housing and credit mess (watch the Fox News Channel program on this), then yes, he could be. THAT’S NOT A GOOD THING!
Might ?
If Obama wins and the dems get their 60 vote majority in the Senate: The Game is over.
Welcome to Fascism.
No recourse in the Courts to rein in hard core socialism forced upon us by a fascist Congress.
wait wait wait
see first 50 seconds...hahahahah
Palin:
http://www.youtube.com/watch?v=UPKjg4jCSRU&feature=related
Not even close.
Unemployment remained at high levels throughout the 1930's and was headed back up until the war economy kicked-in in 1939. The depression ended in other parts of the world long before it did in the United States: the policies of Roosevelt's Administration lengthened and deepened the crisis.
I guess journalists think they can just make things up.
“But FDR was a true American and believed in good fighting evil and that is something Obama doesn’t understand.”
GOOD POINT! FDR was misguided, but he had America’s interests at heart. Anyone who believe The Obamanation does is a brainwashed idiot.
More like Jimmy Carter. An even if he wins remember that after one term of Jimmah, we got two terms of RONNY!
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
If we suffer one term of this clown we will need two terms of the Archangel Gabriel supervised by Jehovah if we are to survive.
More like the next Robert Mugabe.
“...The new improoved new deal. Hmmm? It’s coming. It is going to be UGLY....”
We are in for some rough economic times. We will be hearing “Bush’s Fault” from now until dooms day as an excuse to raise taxes, mobilize people for ‘Camp Obama”, etc.
But, this personality cult crap is particularly scary.
The only thing that reminds me of Roosevelt is that he has an equally ugly wife.
Could very well FDR’s new deal policy of price controls and government regulations probably worsened the depression and kept it going until Pearl Harbor. FDR also had quite a few communists working in his administration. (which Obama will certainly have also.)
Life was just terrible for anyone during the great depression and I’m sure Obama can replicate the same conditions.
It is revolting. I hope Sarah can go over the Obama medias head and expose this American Nightmare for what he is.
Or the next Idi Amin?
The Europeans also had a true shortage of labor thanks to the devastation of the Great War while post war booms and earlier immigration had increased America's population and workforce.
Hoover had in the RFC the right idea, but his tax increases, tariffs and cold demeanor made him a liability FDR had the demand side concepts of sparking the economy by giving money to the destitute and he had an infectious confidence, but the govt could never provide enough funds to raise the economy as the poor used their welfare to buy necessities not factory goods. One effect of the DustBowl and horrible farm policies since the Great War made necessities too big a chunk of the budget to have much disposable income.
This guy at least has the right name...
Franklin Delano Raines (born January 14, 1949 in Seattle, Washington) is the former chairman and chief executive officer of the Federal National Mortgage Association, commonly known as Fannie Mae, who served as White House budget director under President Bill Clinton.
No. But he certainly would be the next Stalin, Pol Pot or Mao.
I think if he does get elected, in two years he will have things so screwed up the dems will lose the house and two years later he will be out. Hopefully the dems won’t get 60 in the senate.
Barack could also be the new Borat...
I’m not worried. For all it’s problems our system is strong. But If he wins and has total control in both houses I’ll be watching closely.
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