A Quote by Christina Romer
Recovery measures work better when they raise confidence - as Franklin D. Roosevelt understood. His fireside chats, and his inaugural address proclaiming he would fight the Great Depression with the same resolve he would muster against a foreign foe, were aimed at reassuring Americans.
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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.
I would like to see whoever is our next president dedicate a significant part of their inaugural address to this challenge. We have to ignite the nation's energies and passions on this to make this happen. I think we do need the same kind of inspiration we had from Kennedy in his inaugural address in 1961.
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.
When I look at Franklin Roosevelt's leadership, I think the most important quality he had during the Depression and the war was this absolute confidence in himself, in his country, really in the American people. He was able to exude that confidence and almost project it.
Who would have ever heard of Theodore Roosevelt outside of his immediate community if he had only half committed himself? The great secret of his career was that he has flung his whole life with all the determination and energy he could muster.
I think President Karzai realizes exactly how important it is to strengthen the fight against corruption in the country now, step up endeavors to stop the drug trade and to deliver better governance. He said as much in his inaugural address.
Ronald Reagan was one of our great foreign policy Presidents. He did not come from the Senate. He did not come from the foreign policy world. He was a governor, but his resolve, his clarity of purpose, his intelligence, his capacity to deal with complex issues and solve tough problems served him extremely well, and if I were elected President, I hope I could rely upon those same qualities.
Donald Trump can take his message directly to the people via rallies and addresses carried over social media. I'd call them updated versions of Roosevelt's fireside chats, but a portion of my younger readership doesn't even know what a radio is thanks to a Democrat-run education system.
In his second Inaugural Address, on March 5, 1821, Monroe admitted at last to a general depression of prices, but only as a means of explaining the great decline in the federal revenue. Despite this, he asserted that the situation of America presented a 'gratifying spectacle.'
If he [the Artist] were to take up the pen it would be...to better express his individuality and explain it to others; or else to put his internal affairs in order...to deepen and sharpen his relationship with his fellow men because other souls exert an immense and creative influence on our soul; or to try to fight for a world as he would like it to be, for a world that is indispensable to his life.
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.
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.
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.
Sink the Bible to the bottom of the ocean, and man's obligations to God would be unchanged. He would have the same path to tread, only his lamp and his guide would be gone; he would have the same voyage to make, but his chart and compass would be overboard!
In the great depression, things could only be set right by causing the idle plant to work again . . . Roosevelt . . . spent billions of public money and created a huge public debt, but by so doing he revived production and brought his country out of the depression. Businessmen, who in spite of such a sharp lesson continued to believe in old-fashioned economics, were infinitely shocked, and although Roosevelt saved them from ruin, they continued to curse him and to speak of him as 'the madman in the White House.' . . . [It's one more] striking example of inability to learn from experience.
You have never seen greatness in a Presidency; I have. It was a rich kid who you would think had every reason to be a horse's ass - Franklin Roosevelt. He was humane and wise and resourceful. He was called a traitor to his class. With George Bush, that charge would never stick.
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