In response to a question regarding the poor state
of the economy, President Obama asserted that FDR
was "fiscally conservative" - you know, that executive
powerhorse who, arguably, established the welfare
state.
Whaa? Obama has made a bountiful share of asinine
comments, but this one is beyond laughable.
Quick note: FDR was the master inventor of the "New
Deal," which uplifted a slew of new programs (at high
price tags): the NIRA, the CCC, the TVA, the FDIC,
the PWA, the NLRA, the WPA, the SSA, need I go
further?
FDR is responsible for claiming a generous portion of
the government program acronyms, which has made it
difficult for later spendthrift presidents. Obama should
be pissed.
Here are some of the President's comments:
Obama was referring to spending-cut measures
Roosevelt took in the middle of the New Deal that
lasted from 1933 to 1940.
FDR comes in, he tries all these things with the New
Deal; but FDR, contrary to myth, was pretty fiscally
conservative, the president said Friday during a town
hall meeting on the campus of the University of
Maryland.