What would FDR do?
How often I think of FDR in these dark times, and wonder what he'd be doing - and especially what he would be saying - if he was here today. FDR: of the 'we have nothing to fear but fear itself,' rather than George Bush's endless 'BE AFRAID' speeches, designed to facilitate the fleecing of the people.
FDR cared... about more than merely getting re-elected or running off with the nation's wealth. People respond to humanity and compassion in high office.
We've had some terrific presidents in our history. Somehow I doubt, with our current media and (broken) election process, that we'll see any true leaders in our near or maybe even distant future.
Maybe Obama. Maybe. If can un-glue his mind from delusions of empire, and recall what it once meant to be a Republic.
"And to the REPUBLIC for which it stands..." even our own flag doesn't recognize us anymore.
Here is an excerpt from "Franklin Roosevelt, a Nation Turns Its Lonely Eyes to You," by Michael Winship:
The President has seemed underinformed, disconnected and not, you should excuse the word, invested. In his address to the nation Wednesday evening, he said that the government was blameless for the financial crisis; it had done what it was supposed to do but had been victimized by overseas lenders, greedy banks and Americans taking on more credit than they could carry. And as he has done too often before, he tried to make us afraid.
"The government's top economic experts warn that without immediate action by Congress, America could slip into a financial panic, and a distressing scenario would unfold." President Bush said. "More banks could fail, including some in your community. The stock market would drop even more, which would reduce the value of your retirement account. The value of your home could plummet. Foreclosures would rise dramatically. And if you own a business or a farm, you would find it harder and more expensive to get credit. More businesses would close their doors, and millions of Americans could lose their jobs."
Contrast what he had to say with President Franklin Delano Roosevelt when he was sworn into office for the first time, in 1933, during the Great Depression. Rather than foster anxiety and panic, FDR proclaimed, "The only thing we have to fear is fear itself," despite the fact that 13 million were unemployed, nine million had lost their savings and a quarter of the banks had closed. Wages had plummeted 60 percent. "The only thing we have to fear is fear itself" is the phrase that everyone remembers, but here's a little more of what FDR had to say:
"This is preeminently the time to speak the truth, the whole truth, frankly and boldly. Nor need we shrink from honestly facing conditions in our country today. This great Nation will endure, as it has endured, will revive and will prosper ...
"In such a spirit on my part and on yours we face our common difficulties. They concern, thank God, only material things. Values have shrunk to fantastic levels; taxes have risen; our ability to pay has fallen; government of all kinds is faced by serious curtailment of income ... More important, a host of unemployed citizens face the grim problem of existence and an equally great number toil with little return. Only a foolish optimist can deny the dark realities of the moment ...
"The money changers have fled from their high seats in the temple of our civilization. We may now restore that temple to the ancient truths. The measure of that restoration lies in the extent to which we apply social values more noble than mere monetary profit ... If I read the temper of our people correctly, we now realize, as we have never realized before, our interdependence on each other; that we can not merely take, but we must give as well."
Read the rest
Labels: FDR, fear, fiancial crash, financial crisis, Franklin Delano Roosevelt, George W. Bush, Wall Street
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