Franklin D. Roosevelt would be considered a traitor for bailing out the working class.

[midnight]

Had the $6 billion, for instance, that was loaned by corporations and wealthy individuals for stock-market speculation been distributed to the public as lower prices or higher wages, with less profits to the corporations and the well-to-do, it would have prevented or greatly moderated the economic collapse that came at the end of 1929."

FDR was assailed by his wealthy peers as a "class traitor" and "socialist." Eccles came in for similar abuse. Nonetheless, their programs helped alleviate the worst of The Depression for millions.


Assured that his appointment to head the Federal Reserve would go a lot smoother in Congress if he allowed bankers to continue to have their way with the agency, the man from Utah responded, "You can tell your banker friends to go to hell." http://www.tradingmarkets.com/.site/news/Stock%20News/2027159/

Time to get someone in the Administration who will tell the President what Mr. Eccles said.

[Vidar]

1. Definitely a traitor to the aristocracy & the greatest president we ever had.

[TheUnspeakable]

5. "I Welcome Their Hatred"

Via Paul Krugman:

For the fact is that F.D.R. faced fierce opposition as he created the institutions — Social Security, unemployment insurance, more progressive taxation and beyond — that helped alleviate inequality. And he didn’t shy away from confrontation.

“We had to struggle,” he declared in 1936, “with the old enemies of peace — business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering. ... Never before in all our history have these forces been so united against one candidate as they stand today. They are unanimous in their hate for me — and I welcome their hatred.”

If only we had another FDR..sigh

[Vidar]

6. Thnk you for the quote. Brings tears to my eyes.

[BlueJazz]

2. Seems like the Rich never "Get" the fact that if the Poor have money...

..they buy stuff from the Rich.

[SmileyRose]

3. The rich are going to end up with all the money in the end anyway !!!

If the fucking bastards can't allow us peons to filter the money through a decent house or healthy teeth before it ends up in their own already stuffed pockets then they SHOULD be stripped of everything.

Fuck them and the horse they rode in on. Fuck them, fuck their wives, fuck their kids, fuck their grandmas, fuck them sidesways for all I care.

And yes I'm in a fucking mood.

Fuck

[midnight]

4. Ellito Spitzer tried to warn America about the 1863 banking mechanisms being put in place.

On February 14, the Washington Post published an editorial by Spitzer titled, “Predatory Lenders’ Partner in Crime: By March 12, 2008 he had to resign as Govt. of New York.


"In 2003, during the height of the predatory lending crisis, the OCC invoked a clause from the 1863 National Bank Act to issue formal opinions preempting all state predatory lending laws, thereby rendering them inoperative. The OCC also promulgated new rules that prevented states from enforcing any of their own consumer protection laws against national banks. The federal government’s actions were so egregious and so unprecedented that all 50 state attorneys general, and all 50 state banking superintendents, actively fought the new rules."http://www.projectcensored.org/top-stories/articles/25-bushs-real-problem-with-eliot-spitzer/

[lunatica]

7. Didn't that paragon of patriotism Prescott Bush attempt a coup against Roosevelt?

The same people who thought Roosevelt was a traitor then have children who've grown up who still think he is

[midnight]

8. I think that is what we are feeling. The effects of their system

perfected over the generations.

[lunatica]

9. And you're right. Which means that being ever vigiland is pretty important

To those that say just ignore them, I say to do so is to imperil our future.

[midnight]

10. I think the majority of people are trying to keep there head

above water, and believe that Obama will take care of the rest.