Danny Gardner: Obama borrowing scare tactics from FDR?

President Obama officially began campaigning for a second term last summer with plans to raise $1-Billion for his campaign coffers. Incidentally, Mr. Obama raised more money from Wall Street in his first campaign for the office than any president. Yet, he derides big business as greedy hoarders of money who should be investing in America to create more jobs. Just listen to their anti-women, anti-environment, anti-union, anti-safety net, anti-minorities, and anti American rhetoric. Just open your ears to their support for flat tax idiocy. Just listen to their rejection of the reality of global warming. Just listen to their flat-earth thinking. From Bachmann with her mindless diatribes, to Citizen Cain’s confusion on everything, to Romney’s flip-flops on every single issue, to the religious fanaticism of Santorum, the craziness of Paul, the hypocritical cynicism of Gingrich, and not to be left out, the lunacy of Perry, the GOP has rejected almost all of the positions they once stood for and are ready to thrust us pack to not only Jim Crow, but maybe even to the Articles of Confederation. They are the do-nothing party of hatred, the poor house, the sweat shop, the pollution of the past, and the triumph of the inter-locking directorate, the monopoly, the trusts and rule of the few over the many. Whatever progressives they had from the party of Lincoln, which included folks like TR, Holmes, Dewey, Rockefeller, Javits and a number of others has long disappeared into the rebirth of the new Know-Nothings from the middle of the 19th Century. What was the message then and now? Should we turn our country over to these modern day flat-earth/flat-tax zealots? Should we reverse the clock back to not before the Great Society, or the New Deal, or the Progressive Era or back to the Articles of Confederation?

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Danny Gardner: Obama borrowing scare tactics from FDR?

Paul Moreno, professor of history at Hillsdale College, wrote an excellent article in the Wall Street Journal this week comparing President Obama's campaign strategy and rhetoric with FDR's campaign during the late 1930s. Both campaigns and economic



Occupy Wall Street In The Spotlight

It is already happening; they're occupying the pages of the Wall Street Journal as we speak. The movement has that paper biting its tail, they can't shut up about it. So far the WSJ response has been nervous ridicule, but I also saw an op-ed by some



Nonprofit Firms Stretch Out
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This year, at least 10 have signed leases for more space than under their expiring leases, according to a analysis of recent leasing transactions. Those deals show that demand for many nonprofits' services has increased with



Keynesian Myths and Illusions

The excitement on the part of many Keynesians about the prospects of what they perceived as an almost automatic switching of policy gears from Neoliberal to Keynesian economics led George Melloan of the Wall Street Journal to write (sarcastically)



US Millennial Generation Battles Against Wall Street Modeled on Egypt and ...
US Millennial Generation Battles Against Wall Street Modeled on Egypt and ...

Some of the reaction is based upon pure ideological grounds, with media outlets like Fox News, the Wall Street Journal, NY Post and CNBC, disparaging, ridiculing and demeaning the movement. The anti-rich tone of the protests may not sit well with the




RealClearPolitics - Obama's Re-Election Model Is FDR

President Obama is cozying up to the "Occupy Wall Street" movement, intending to make resentment of big business a central theme of his re-election campaign. Here he's following the lead of Franklin D. Roosevelt, who tried to convince the public that Wall Street was to blame for the double-dip recession that plagued his second administration.

In late 1937 the American economy, which had been recovering slowly since 1932, contracted even more sharply than it had after the stock market crash in late 1929. Industrial production fell by a third, stock prices fell by 50%, durable goods production by almost 80%. Payrolls fell 35%, and unemployment climbed back to 20%.

Roosevelt was initially nonplused, slow to appreciate the severity of the downturn. But once he saw the need for...


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Reprint. 15,000 first printing. From the Hardcover edition.