What the President had to say about the credit crisis

[fpb]

True they have tried, but their efforts have been cast in the pattern of an outworn tradition. Faced by failure of credit they have proposed only the lending of more money. Stripped of the lure of profit by which to induce our people to follow their false leadership, they have resorted to exhortations, pleading tearfully for restored confidence.

Only the President in question is FD Roosevelt, and the credit crisis in question is the Great Depression. Are you, however, going to tell me that "stimulus packages" and the like are any cleverer than what he calls "the lending of more money"?

Comments

Re: My soapbox clogs your lj again.

[norwyn.livejournal.com]

*snerk* Sorry, I got started, and got carried away here. But yes, I did learn the hard way.

Re: My soapbox clogs your lj again.

[fpb.livejournal.com]

Please, any time. I love getting long and thoughtful responses. A suggestion, however: this would not look bad on your own LJ - suitably edited, perhaps, to be a stand-alone post - so that your own f-list might get the benefit of it and perhaps a debate of your own.