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Obama's First Term Is Like Roosevelt's Dismal Second

TraderBill Wrote: Sep 20, 2012 10:23 AM

Like Obama, FDR had little interest in nor competency in foreign policy. The British begged the US to help stave off war as Germany turned its sights on the British Isles. What saved the day for Great Britain -- and eventually for the US itself, following Pearl Harbor -- was the leadership provided by industrialists such as William Knudsen and Henry Kaiser, who stepped up to take charge of moribund military supply, shipbuilding, and aircraft manufacturing industries, and brought in modern manufacturing techniques to build what became the best equipped military in the 20th century.. In the process, they also lifted the US out of the Great Depression.

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Daddio7 Wrote: Sep 21, 2012 9:49 AM

There was no prosperity in the U.S. in 1945, rationing was the order of the day. The rebuilding of Europe and the increased productivity of the American workforce bolstered by the introduction of millions of women into the workforce and modern factories geared to high production, that is what ended the depression. Today's service economy and focus on outsourcing manufacturing and importing immigrant labor guarantees decades of stagnation.

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Obama's First Term Is Like Roosevelt's Dismal Second

People, not least himself, have often compared Barack Obama to Franklin D. Roosevelt.

You know the narrative. He came to office in a financial crisis and proceeded to take government action to revive the economy and expand government to help the little guy.

That narrative was developed by great New Deal historians like Arthur Schlesinger Jr. and has been an article of faith among liberal Democrats ever since. Expand government, and the people will love you.

Except that it hasn't worked out exactly that way. Most Americans don't much love the stimulus package or Obamacare....

Related Tags: Big Government FDR Barack Obama World War II New Deal