We had fascist and populist demagogues with the ear of the people. And the people were actually, really suffering.
FDR did what was necessary to preserve social order and faith in a democratic form of government at the same time. We could have collapsed into chaos, or fallen prey to a dictator, but we didn't. Other nations of the time were not so fortunate.
Whether you agree with the New Deal or not, you may as well admit that, with the removal of the fiscal regulations that has been the goal of the Republicans since the 1930s, the moneyed classes and their servants in the banking and securities industries have not covered themselves with glory in the demonstration of their sense of responsibility toward the workers upon whose backs their wealth is balanced.
Flame » in reply to FDR and the beginning of the end.
People also tend to forget the political atmosphere of the 1930s.
The whole thread (78 posts)
- Anyone still think unregulated capitalism is a viable financial system?
- re: unregulated capitalism
- We SHOULD have known when Bush said, "NO MORE BAILOUTS."
- Can't do any worse than the regulated system that created this mess.
- "U.S. bailout is bitter pill for free marketeers"
- It's perfectly fine if one accepts that the strong make up their own rules, and are allowed to eat alive the weak. (n/t)
- re: You just don’t get it
- Jimmy Carter was the problem. Not greed as McCain says. Former President Jimmy Carter.
- And I TOLD him at the time, I said "Jimmy, be careful!"
- Not Clinton, not Carter. It was Roosevelt. We were doing just fine under Hoover.
- re: You still don't get it (n/t)
- He can't.
- Hilarious. Kinda reminds me of Bush Senior blaming the LA riots on Lyndon Johnson (who had been dead for 20 years) (n/t)
- I am fairly certain that, even as you wrote that, you knew it was a pile of horseshit
- "goes back a lot further..."
- Not you too.
- Yeah, well, the one on the right is hogging all the food! (n/t)
- I hereby nominate McFly for "Post of the Year" (n/t)
- What is pathetic is that after 8 years and trillions of dollars and after having your face rubbed in it YOU dont get it...
- re: Hey RLoser you talking at me again
- re: having your face rubbed in it.
- He can't.
- Jimmy Carter was the problem. Not greed as McCain says. Former President Jimmy Carter.
