Obama: FDR Was 'Fiscally Conservative'
President Barack Obama said that Franklin Delano Roosevelt (FDR) – the president best known for establishing a welfare and regulatory state in America – was “fiscally conservative,” in response to a question about how to keep the economy going.
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.
“And so after the initial efforts of the New Deal and it looked like the economy was growing again, FDR then presented a very severe austerity budget,” Obama continued. “And suddenly, in 1937, the economy started going down again. And, ultimately, what really pulled America out of the Great Depression was World War II.”
- Fred Lucas's blog
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Comments
Obama Nonsense Deserves Same In Reply
Submitted by stratman on Mon, 07/25/2011 - 3:49pm.
Liar, liar, pants on fire, hanging from a telephone wire.
Right, sure he was
Submitted by Dave. on Mon, 07/25/2011 - 3:59pm.
And the Pope is actually a Buddhist, too.
-Dave
Vote for the American in November
Ditto
Submitted by jon_torlin on Mon, 07/25/2011 - 4:08pm.
And Reagan was a ballerina freak......nope, that was his son.
-Jon
"Fiscally conservative" compared to who? Lenin?
Submitted by drsamherman on Mon, 07/25/2011 - 4:36pm.
There is a great piece on Obama being a pathological liar at the Washington Times: http://www.washingtontimes.com/news/2011/jul/24/curl-is-obama-a-patholog...
What??? He said that 'what
Submitted by killa37 on Tue, 07/26/2011 - 1:52pm.
What??? He said that 'what really pulled America out of the great depression was WW 2'?????? Obama said that???? Hell, I thought that Herbert Hoover CAUSED the Great Depression, and FDR spent his whole 4 terms (oh, wouldn't Boy Barry LOVE that????) in office trying to FIX the country and the economy......and PLUG THE DAMN HOLE!!!!!