Posted on 07/25/2011 3:41:03 AM PDT by Sub-Driver
Obama: FDR Was 'Fiscally Conservative' Monday, July 25, 2011 By Fred Lucas
College Park, Md. (CNSNews.com) – President Barack Obama said that Franklin Delano Roosevelt (FDR) – the president best known for establishing a welfare and regulatory state in America – was “fiscally conservative,” in response to a question about how to keep the economy going.
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.”
Obama used this to illustrate why the political leaders should tread carefully in cutting the deficit.
“Some have said, I think rightly, that we’ve got to be careful that any efforts we have to reduce the deficit don't hamper economic recovery, because the worst thing we can do for the deficit is continue to have really bad growth or another recession,” Obama said.
(Excerpt) Read more at cnsnews.com ...
I take it that means he didn’t spend as crazily as he should have.
Zero is delusional.
The day Zero says we need to save money is the day we really need to worry. THat’s when the wife is to become the soon to be exwife and obeys another master.
So, the Obamaloon thinks we should spend more because if we don’t, we’ll have another Recession.....or something...
Compared to Obama, everyone is fiscally conservative.
HE is a compulsive nut, a compulsive contradictor of any thing and every thing. IT makes him feel better and safe. He is, at this point, retarded
Obama knows his audience... The kiddies at the University of Maryland, like most college students, are largely ignorant about US history because only “social studies” gets taught in high school. So Obama can suggest that FDR was actually a conservative and these young adults will seize on that contrarian idea because they lack the framework to evaluate the crappola that the president is selling.
Yeah, and the US economy is “improving” too.
One book can dispel this nonsense:
http://www.amazon.com/Forgotten-Man-History-Great-Depression/dp/0060936428/ref=sr_1_1?s=books&ie=UTF8&qid=1311590144&sr=1-1
She is impartial, calm, and has, unlike the Prez, her facts straight.
Yeah, and FDR’s court-packing scheme was actually a brave defense of the Constitutional separation of powers.
Thanks Sub-Driver.
Have a great day, all.
Conservative, my derriere.
But if Obama’s lie ends up encouraging citizens to educate themselves on the subject, all I can say is: Way to go, Barry!
Somehow “...in comparison to me” seems to be lacking somewhere.
Obama is supposedly a Constitutional wizard, now we find that he is also a historian.
Problem is in raliety he doesn’t know sheit from Shinola.
Problem is in reality he doesn't know sheit from Shinola.
FDR was fiscally conservative? Well, yes, compared to a dingelheimer like Obama he was.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.