Obama as the new FDR - unfortunately

At first I thought I had mistaken my catch-up reading for the morning paper.  In the passage I was reading, the American president understood that the proposed new program would run out.  As he himself put it: “Ah, but this is the same old dole under another name.  It is almost dishonest to build up an accumulated deficit for the Congress of the United States to meet in [the future].  We can’t do that.  We can’t see the United States short in [the future] any more than [now].”  Was this President Barack H. Obama being transparent?  No, it was President Franklin D. Roosevelt talking to trusted aides about the proposed Social Security plan, as detailed in The Forgotten Man by Amity Shlaes.That isn’t the only whiff of déjà vu in her book.  Elsewhere, she recounts that Roosevelt was concerned that the Supreme Court might rule his gold policy unconstitutional.  “Days after the oral argument...(Read Full Post)

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