Wednesday, February 16, 2011
I’d Take FDR
Don’t get me wrong. I voted for President Obama and -- barring an unforeseen upheaval -- I’ll vote for him again. But if the truth be known, I’d rather be able to vote for FDR. Watch this video comparison from Rachel Maddow and I think you’ll see what I mean.
The only differences between the Great Recession and the Great Depression are the safeguards put in place by FDR. Imagine this recession without Social Security and unemployment insurance. Indeed, if we hadn’t repealed Glass-Steagall, we probably wouldn’t even be in the Great Recession at all.
February 16, 2011