For all those that believe FDR a socialist, think again. When FDR took office in '32, the price of a bushel of wheat cost less than a pack of gum, 1/2 of real property was foreclosed and sold IN ONE DAY in Arkansas, an estimated 32% of home owners faced forclosure, there was a MAJOR run on the biggest banks across America threatening the solvency of 28-30% of cash assets in America, 1 % of farms below the Mason Dixon line had no electricity, nearly 35% of American were out of work, and on, and on, and on.
Surprisingly, FDR in fact was not an idealogue, he took swift and sweeping actions to prevent America from going down the economic tubes, as a result of 3 previous years of total inaction and denial by the previous administration that occupied the White House.
2007-09-28
08:20:21
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alphabetsoup2
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