FDR and the Democratic Platform of 1932

[johnaries]

http://www.presidency.ucsb.edu/ws/index.php?pid=29595#axzz1Wi9aZXzB

In this time of unprecedented economic and social distress the Democratic Party declares its conviction that the chief causes of this condition were the disastrous policies pursued by our government since the World War, of economic isolation, fostering the merger of competitive businesses into monopolies and encouraging the indefensible expansion and contraction of credit for private profit at the expense of the public

Sound familiar?

The Democratic Party solemnly promises by appropriate action to put into effect the principles, policies, and reforms herein advocated, and to eradicate the policies, methods, and practices herein condemned. We advocate an immediate and drastic reduction of governmental expenditures by abolishing useless commissions and offices, consolidating departments and bureaus, and eliminating extravagance to accomplish a saving of not less than twenty-five per cent in the cost of the Federal Government. And we call upon the Democratic Party in the states to make a zealous effort to achieve a proportionate result.

(emphasis added)

Wow, that sounds awfully familiar, also!

[Donnachaidh]

1. ...

:popcorn:

:rofl:

[Little Star]

2. Why yes it does sound familiar. k&r

[pnorman]

3. "....levied on the principle of ability to pay"

"We favor maintenance of the national credit by a federal budget annually balanced on the basis of accurate executive estimates within revenues, raised by a system of taxation levied on the principle of ability to pay."

That principle is in full accordance with Adam Smithian principles, and was how the US not only got out of the Great Depression but won WW2. It saved the asses of so many capitalists, but they will NEVER forget the humiliation by their "inferiors",

[jaxx]

4. K&R

[abelenkpe]

5. Nice n succinct. Nt