Archive for the ‘finnancil’ Category

FDR and Obama: Similar in Anticipated Trouble, Hope?

November 21, 2008

Americans knew they were in for hard times when they elected Franklin Delano Roosevelt.  They were seeking hope.  But they had no idea of what really God had placed ahead.

Most of this is from Wikipedia:

FDR was the the thirty-second President of the United States. Elected to four terms in office, he served from 1933 to 1945 and is the only U.S. president to have served more than two terms. Franklin and Theodore Roosevelt were related but only distantly. They were fifth cousins. He was a central figure of the 20th century during a time of worldwide economic crisis and world war.

During the Great Depression of the 1930s, Roosevelt created the New Deal to provide relief for the unemployed, recovery of the economy, and reform of the economic and banking systems.

Although recovery of the economy was incomplete until almost 1940, the programs he initiated such as the Federal Deposit Insurance Corporation (FDIC), Tennessee Valley Authority (TVA), and the United States Securities and Exchange Commission (SEC) continue to have instrumental roles in the nation’s commerce. One of his most important legacies is the Social Security system.

As Britain warred with Nazi Germany, Roosevelt provided Lend-Lease aid to Winston Churchill and the British war effort before America’s entry into World War II in December, 1941. On the home front he introduced price controls and rationing, and relocation camps for 120,000 Japanese-Americans. Roosevelt led the United States as it became the ‘Arsenal of Democracy‘. Roosevelt, working closely with his aide Harry Hopkins, made the United States the principal arms supplier and financier of the Allies. America had a vast expansion of industry, the achievement of full employment, and new opportunities opened for African-Americans and women. The new Conservative coalition argued unemployment disappeared and closed most relief programs like the Works Progress Administratio (WPA) and Civilian Conservation Corps. As the Allies neared victory, Roosevelt played a critical role in shaping the post-war world, particularly through the Yalta Conference and the creation of the United Nations.

FDR consoled America through the Pearl Harbor attack and empowered engineers and scientists to create the atomic bomb.

Through all of FDR’s many trials he was crippled and in a wheel chair or in heavy steel braces.

Barack Obama’s tasks might be tall but as we compare him to FDR we should be cautious.

Related
“American Press has Turned Into a Joke” Comparing Obama To FDR, Lincoln