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 weve 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 ...
Yea, compared to zero.
Obama claiming FDR was a Fiscal Conservative....
Somewhere in hell,Joseph Goebbels is smiling.
Sure he was and Joe Biden is in Mensa
This is up there with “Hirohito surrendered on USS Missouri” and “Austrians speak Austrian...”.
Harvard magna...
So, this was the same meeting where he said he was dealing with the debt ceiling like Lincoln dealt with slavery.
Tune in tomorrow when Idi Obama dons his Rough Rider garb and charges up The Hill to the New Frontier of a Great Society where the Buck Stops and we Whip Inflation Now while living in a Shining City.
I think the reality is far worse than what you imagine.
He also thinks wacko Wassermann is a babe.
“Idi” Obama — I love it!
Cordially,
He who forgets history is doomed to repeat it.
That book made me almost respect Clinton...well, not really, but wow, FDR was a total scumwaffle and his history is a complete whitewash done by the democrat controlled media
If he had been as liberal as obama, he could have bankrupted the US before WWII broke out, surrendered the US to Hitler, saved us from the war, and put all our ancestors on communes.
Indeed, they love to lecture. asking why demasters them and forces them to explain to people lest they expose their evil master tell face, unfriendly.
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