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  • FDR

    Presidential Speeches Quiz: Who Said It?

    Barack Obama has compared himself to many Presidents. First he ran as Abraham Lincoln reincarnated. He even appealed to the spirit of Ronald Reagan. Then he tried to govern like Franklin D. Roosevelt (FDR). He campaigned for re-election as Harry Truman running against a “do-nothing” Congress. He’s been to Osawatomie, … More

    Obama's Radicalism Revealed

    It’s only Day 3 and the Obama Administration already feels old and tired. Year in and year out, the President keeps saying the same things. Over and over again. By this point, we’re tempted to simply tune him out. But that would be a mistake. From the very beginning, President … More

    Chicago Teachers' Strike: Unthinkable and Intolerable

    “Unthinkable and intolerable.” So President Franklin Delano Roosevelt considered strikes by government employees. Karen Lewis, the president of the Chicago Teachers’ Union (CTU), has a different view. She called a strike to block Mayor Rahm Emanuel’s (D) education reforms. Chicago Public Schools have a 40 percent dropout rate. Emanuel considers … More

    Does 'Austerity' Work?

    Remember the Great Depression of the 1920s? If not, that’s because it didn’t happen. The recession of the early ‘20s quickly ended after spending and taxes were cut dramatically. It provides a clear lesson in “austerity” that President Obama should heed. In 1920, newly elected President Warren Harding inherited a … More

    The Return of the Forgotten Man?

    During the Great Depression, Franklin Delano Roosevelt promised to act in the name of “the forgotten man,” that is, the poor man, the old man, the man “at the bottom of the economic pyramid” in need of government help.  Amity Shlaes explained that FDR redefined the forgotten man and his … More

    Shellackings Past and Present

    Three weeks ago, Democrats took what President Obama dubbed a “shellacking” at the polls: Republicans picked up 62 seats in the House, enough to gain a majority, and six in the Senate. The next day, the post-election analysis and finger-pointing began. Defeated Democrats blamed the President. Defeated Republicans blamed the … More

    Hoover, FDR and Clinton Tax Increases: A Brief Historical Lesson

    The obvious reason to prevent a tax hike by extending current tax rates is that doing so will prevent further economic harm to an already flat economy. How do we know that tax increases will cause economic harm? Three examples: 1932, 1937 and 1993. After the 1929 stock market crash, … More

    Obama: I am "a Strong Believer in the Power of the Free Market"

    Breaking news: President Obama is a strong believer in free markets.  Yesterday, in an address to the Business Roundtable, Obama mounted a vigorous defense of the free market and private enterprise, explaining his basic approach to economics and regulation. In his own words, Obama has “always been a strong believer in the power … More

    Boudreaux: FDR's Policies Put the 'Great' in Great Depression

    George Mason University economics professor Don Boudreaux offered a grim assessment of the economic stimulus package that’s making its way through Capitol Hill, questioning President Barack Obama’s contention that government must do something. “Conventional wisdom in Washington is that we must do something regardless of how wise or prudent it … More

    'We're Spending More Than Ever and It Doesn't Work'

    “We have tried spending money. We are spending more than we have ever spent before and it does not work.” Sound like, oh, Rep. John Boehner of Ohio or some other exasperated Republican stalwart lamenting proposals to spend our way out of the recession? Listen again: “I want to see … More