Tag Archives | FDR

Why FDR Didn’t End the Great Depression – and Why Obama Won’t End This One

President_Barack_ObamaAlan Nasser writes at CounterPunch:

From Cambridge University in 1932-1933, John Maynard Keynes observed a promising new U.S. president presiding over what he saw as half-baked and confused policies, while labor insurgency was mounting. Roosevelt’s measures were, Keynes conceded, without precedent, but novelty was not enough. Long-term commitment to direct federal employment was required. For Keynes, this was the bottom line. (For a detailed analysis of Keynes’s prescriptions for eliminating unemployment, see Alan Nasser, “What Keynes Really Prescribed,” CounterPunch subscription edition, volume 19, number 19, 2012)

Existing programs were not only too small, but they were also either temporary (Civilian Conservation Corps and Civil Works Administration) or irrationally tied to the severely weakened states’ ability to raise substantial revenues on their own (Federal Emergency Relief Act and Public Works Administration). CWA had come closest to the kind of commitment Keynes thought indispensable, but it suffered two fatal defects: it was temporary, designed only to help workers get through the harsh winter of 1933, and of all these programs it was the object of Roosevelt’s greatest suspicion.

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How Pearl Harbor Changed The U.S. 68 Years Ago Today and What The President Told a Shocked Nation

Andrew Malcolm in the Los Angeles Times:
Last week we had President Obama's less-than-rousing Afghanistan war speech, trying to have it both ways by dispatching more troops while promising a scheduled departure. And not once using the word "victory."

Today, coincidentally, is the 68th anniversary of the Japanese surprise attack on Pearl Harbor, where shortly the 44th president will fly with his family and White House entourage for a holiday vacation. Few Ticket readers will remember the shock that swept the country that quiet Sunday, not unlike 9/11 would do 60 years later. And the millions of lives affected by those events.

So here as a political refresher are two historic videos -- one about the actual attack itself by 350 planes from Imperial Japanese aircraft carriers more than 200 miles away.

The other video includes President Franklin D. Roosevelt's famous war speech the very next day, the one saying that Dec. 7, 1941, would live in infamy. And here we are 24,837 days later remembering.

And now a real presidential war speech from the days of radio when voice and words mattered more than looks...

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