Fear Itself

Obama as FDR - Time Magazine Cover
Obama as FDR – Time Magazine Cover

In a tendencious and thought-provoking pair of articles in the Huffington Post, Sanjay Sanghoee makes the case for “Why Republicans Hate FDR and Why Obama Must Become Him”.  He begins with the following provocation:

“Franklin Delano Roosevelt, the 32nd president of the United States, Democrat, and architect of the New Deal, was a giant. Through his visionary leadership and courageous actions, FDR helped define a new era for the American economy and indeed our democracy that would resonate for another 80 years. Over an unprecedented four terms as Commander-in-Chief, he designed and implemented a variety of programs to lift America from the Great Depression, including programs to create jobs for the unemployed, spur economic growth, and reform our financial system (by regulating Wall Street and the banks). FDR’s administration also established the Federal Deposit Insurance Corporation (FDIC), the Federal Housing Administration (FHA), the Securities and Exchange Commission (SEC), and Social Security. It would not be an exaggeration to say that FDR laid the foundation for the bulk of our nation’s modern economic and social framework. It is almost unimaginable what the United States would be like today without the groundbreaking work of that administration.

Which is why the Republicans hate him so much.”

To continuing reading, click here.  For Part II, click here.

Sanjay Sanghoee is a banker and author.  For more details, visit http://www.sanghoee.com/