Advertisement

Archive for Thursday, December 22, 2011

FDR achievement

December 22, 2011

Advertisement

To the editor:

A recent letter to the editor, “FDR legacy,” makes some valid points regarding Franklin Delano Roosevelt’s omissions that made us vulnerable to the attack on Pearl Harbor. Also, the writer reminds us of other foreign policy flaws along with Roosevelt’s personal sexual peccadilloes. However, to assert that FDR was one of the most incompetent and damnable presidents is a dubious conclusion which overlooks Roosevelt’s greatest achievement.

When Roosevelt took office in 1933, America was well into its worst economic depression. Herbert Hoover’s passivity and belief that free enterprise somehow would fix itself was not helping. Thankfully, FDR understood the only remedy. Outside of aggressive government intervention and regulation, we could not be healed.

“There must be a strict supervision of all banking and credits and investments. There must be an end to speculation with other people’s money,” said Roosevelt in his inaugural address. He knew popular sentiment against institutions and individuals responsible for our nation’s malady: “Practices of the unscrupulous money changers stand indicted in the court of public opinion.”

Today, conservative politicians have enabled America to turn the clock back to the late ’20s, economically speaking. These “representatives” abhor regulation and government oversight. Why? Their benefactors, enriched by Wall Street and corporate lawlessness, guarantee ample financial fodder for expedient political longevity.

Voters face a crucial decision in 2012. Do we want a Hoover? Or do we need an FDR? I, for one, will choose the latter. Or his closest facsimile. 

Comments

Liberty_One 2 years, 4 months ago

"Herbert Hoover’s passivity and belief that free enterprise somehow would fix itself was not helping." ' Wow, just wow. Passivity? Belief in free enterprise? This is completely contrary to history. How can people believe such nonsense? Hoover was a progressive who tried all kinds of things. The idea that he was passive is just nonsense and I wonder why anyone would believe such a thing.

0

Peter Macfarlane 2 years, 4 months ago

"In truth, Roosevelt's two "New Deals" only prolonged the Great Depression."

Actually, you have no way of knowing that and that is BS.

0

cato_the_elder 2 years, 4 months ago

"Herbert Hoover’s passivity and belief that free enterprise somehow would fix itself was not helping. Thankfully, FDR understood the only remedy. Outside of aggressive government intervention and regulation, we could not be healed."

That's complete BS, based on years of socialist propaganda blithely accepted by the gullible. Hoover actually tried various government interventionist schemes that didn't work, just as Roosevelt did. In truth, Roosevelt's two "New Deals" only prolonged the Great Depression. We were finally bailed out by WW II, emerging thereafter as the strongest nation on earth with every other former superpower, including the victorious nations, crippled by the war.

There are many similarities between the Stock Market Crash of 1929 and the recent Subprime Crisis, but the one most significant common trait they share is greed: No, not Wall Street "greed," but the greed of those who wanted to get rich quickly by buying great quantities of stocks on the margin with virtually no equity in them (1929 crash) and buying expensive homes they couldn't afford with virtually no equity in them (subprime crisis). In short, even though separated by eight decades, it was the irresponsible personal conduct of people who believed that they could get something for nothing that caused both crises.

Our free enterprise system ultimately rescued us from ther Great Depression, after much unsuccessful government interference. The same can happen again, but only if Americans exercise their right to vote differently from the manner in which this letter writer advocates.

0

its_just_math 2 years, 4 months ago

Wow! Bill Clinton's a conservative? New one to me.

0

thirdplanet 2 years, 4 months ago

Yes we can all write history in either which way we please. Some will write that Roosevelt's gracious ABC programs fixed the economy,  others will point out that the real jump start to the economy didn't happen till WWII came about.

Some today see Obama as the great chosen one, who has saved our souls from a second great depression, others will admit that ultimately the president and the government have a limited influence on the economy.

At least people had faith in the former rather than the amateur.

0

Commenting has been disabled for this item.