A Quote by Barack Obama
If you look at what happened, I came in the middle of the worst financial crisis since the Great Depression. And unlike Franklin Delano Roosevelt who waited, well, didn't take office until about three years into the Great Depression, it was happening just as I was elected.
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[Franklin Delano] Roosevelt was the central world figure in the two great disasters of this century - the Great Depression and World War II. By contrast, JFK came in relatively peaceful, agreeable times.
Hoovers didn't like Democrats because of Franklin Delano Roosevelt's libelous partisan attacks on my great-grandfather Herbert Hoover, tethering him to the Great Depression.
Facts are facts: No president since Franklin Delano Roosevelt in the Great Depression inherited a worse economy, bigger job losses or deeper problems from his predecessor. But President Obama is moving America forward, not back.
Franklin D. Roosevelt was fortunate: He didn't take office until nearly four years after the Wall Street crash, by which time the Republicans' responsibility for the Depression was taken for granted.
I admire President Obama. He inherited the worst financial crisis since the Great Depression. That was a terrible time for America.
Franklin Delano Roosevelt eventually became the greatest liberal leader of 20th century United States, but he started as a fiscal conservative. His greatness is founded in his willingness to change his mind to save his country from the Great Depression.
Capitalism can be alright, I mean Karl Marx didn't live to see what Roosevelt did with that Depression. He pulled everybody out of that Depression and everybody hated Franklin Roosevelt. He got into office four times. One after the other, with everybody saying, he can't get in again. Everybody voted for Roosevelt four times and he did a hell of a lot.
September and October of 2008 was the worst financial crisis in global history, including the Great Depression.
The crisis [the Great Depression] discovered a great man in Franklin Roosevelt...None too soon he has carried America forward to the second stage of democratic realization. His New Deal involves such collective controls of the national business that it would be absurd to call it anything but socialism, were it not for a prejudice lingering on from the old individualist days against that word...Both Roosevelt and Stalin were attempting to produce a huge, modern, scientifically organized, socialist state, the one out of a warning crisis and the other out of a chaos.
We are having the single worst recovery the U.S. has had since the Great Depression. I don't care how you measure it. The East Coast knows it. The West Coast knows it. North, South, old, young, everyone knows it's the worst recovery since the Great Depression.
In America, we may acknowledge Washington and Lincoln as great men, and probably Franklin and Jefferson and maybe Franklin Delano Roosevelt and possibly even several more, but we would probably disagree about precisely what it was that made them great, what it was that enabled them to give a lasting direction to the course of events.
I know many of you are hurting and angry about the economy, and I don't blame you. It's the worst economy since the Great Depression. When consumers can't buy and businesses won't expand for lack of customers, the government has to be the purchaser and employer of last resort. We learned that in the Great Depression, but Republicans obviously didn't - and they've blocked every jobs program I've offered.
The government is now in a position to do what Franklin D. Roosevelt did during the Great Depression of the 1930s - use a crisis of the times to create new institutions that will last for generations. To this day, we are still subsidizing millionaires in agriculture because farmers were having a tough time in the 1930s.
After World War II the Republicans - the Wall Street crowd - were very worried about a depression coming back. They hated Franklin Roosevelt in that crowd, my father among them. And there was a great fear in '46 that we'd fall back into the pits. And they always wanted to break up the Roosevelt legislation.
I don't think that any economist disputes that we're in the worst economic crisis since the great depression. The good news is that we're getting a consensus around what needs to be done.
The simple fact of the matter is, as I know everyone in this room knows, that the recession that this country faced when this President took office was the worst since the Great Depression.
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