To piggyback on top of my previous post I did a bit more digging around and thought the following was also worth sharing. The following passage concludes with a quote from Franklin D. Roosevelt’s treasury secretary. Note: feel free to substitute the word Obama in place of the word Roosevelt. [source]
Roosevelt embarked on an antidote to the depression [by] launching a $5 billion spending program in the spring of 1938, an effort to increase mass purchasing power. The New Deal had in fact engaged in deficit spending since 1933…Now they had a theory to justify what they were doing. Roosevelt explained his program in a fireside chat in which he finally acknowledged that it was therefore up to the government to “create an economic upturn” by making “additions to the purchasing power of the nation.”…
When the Gallup poll in 1939 asked, ‘Do you think the attitude of the Roosevelt administration toward business is delaying business recovery?’ the American people responded ‘yes’ by a margin of more than two-to-one. The business community felt even more strongly so. Treasury Secretary, Henry Morgenthau confided to his diary May 1939: “We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and now if I am wrong somebody else can have my job. I want to see this country prosper. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises. I say after eight years of this administration, we have just as much unemployment as when we started. And enormous debt to boot.”
Sound familiar at all? Seriously.







Cat + Treat + Empty Kleenex Box =
Explanation from the people who recorded the following video: