Flame — HabitableZone

Flame » in reply to re: FDR and GW Bush

Some more interesting excerpts from the platform:

We advocate the extension of federal credit to the states to provide unemployment relief wherever the diminishing resources of the states makes it impossible for them to provide for the needy; expansion of the federal program of necessary and useful construction effected [sic] with a public interest, such as adequate flood control and waterways.

We advocate the spread of employment by a substantial reduction in the hours of labor, the encouragement of the shorter week by applying that principle in government service; we advocate advance planning of public works.

We advocate unemployment and old-age insurance under state laws.

We favor the restoration of agriculture, the nation's basic industry; better financing of farm mortgages through recognized farm bank agencies at low rates of interest on an amortization plan, giving preference to credits for the redemption of farms and homes sold under foreclosure.

Extension and development of the Farm co-operative movement and effective control of crop surpluses so that our farmers may have the full benefit of the domestic market.

The enactment of every constitutional measure that will aid the farmers to receive for their basic farm commodities prices in excess of cost.


When it turned out that the states either would not or could not provide employment and old age insurance....

And:

Regulation to the full extent of federal power, of:

(a) Holding companies which sell securities in interstate commerce;

(b) Rates of utilities companies operating across State lines;

(c) Exchanges in securities and commodities. We advocate quicker methods of realizing on assets for the relief of depositors of suspended banks, and a more rigid supervision of national banks for the protection of depositors and the prevention of the use of their moneys in speculation to the detriment of local credits.

The severance of affiliated security companies from, and the divorce of the investment banking business from, commercial banks, and further restriction of federal reserve banks in permitting the use of federal reserve facilities for speculative purposes.


Of course, the rigid supervision has been out the window recently, and we can see how well that has worked.

Thanks for providing an interesting read.

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