Think Like FDR
June 24, 2010 -- "We advocate...The severance of affiliated security companies from, and the divorce of the investment banking business from, commercial banks, and further restriction of federal reserve banks in permitting the use of federal reserve facilities for speculative purposes."
--Democratic Party Platform, 1932
When those above words were written, it was understood by Franklin Roosevelt and reiterated by him later in November 1937 that "..bail outs...to those at the top of the financial and business structure of the country would [not] trickle down and ultimately save all." The policy of President Obama, is not only opposed in principle to Franklin Roosevelt, but it is the exact policy of Roosevelt's expressed enemy: the Wall Street financial oligarchy and the British Empire. Who would've thought that after the victory of Roosevelt's Democratic Party in the 1934 mid-term, which showed the overwhelming support in the American population for his policies, that a mere decade later, after his death, all of his administration's anti-imperial policy would be purged from government?
What ever happened to the grand ol' days when the Secretary of the Treasury didn't work for a humongous investment banking corporation?
Obama's unconstitutional support for Wall St. and the City of London financial interests over 'Main Street' has made him, and the Congress that bows before him, extremely unpopular in the U.S. population. The "mass strike" revolt against his Administration's policies that broke into the public view in August 2009, and their remarkable support for the reinstatement of FDR's Glass-Steagall legislation separating investment and commercial banks-- which the Obama administration, Nancy Pelosi and Barney Frank viciously opposed-- is a clear signal that Obama "ain't no Roosevelt."
As in Roosevelt's day, powerful oligarchical forces are succeeding in passing the debt burdens of a few gigantic bankrupt financial institutions, accumulated through fraud and speculation, onto the backs of the American citizen in the form of brutal austerity cuts to their living standards. Our General Welfare principle demands that we take back the bail outs through Glass-Steagall reorganization, relieve the debt burden of our property owners through long-term readjusted mortgage loan agreements, and issue federal credit for medium to long-term investment in basic economic infrastructure. In this way we will create the incentives in the private sector for related productive industries.
Look simultaneously forward to a better, happier day and backwards to the insurmountable spirit of optimism embodied by the Franklin Roosevelt administration! We don't just need any old jobs, we need productive jobs in the construction of magnetically levitating transportation systems, nuclear power plants and the re-ignition of our manned space program. Raising the productive powers of labor in this way is a benefit to the nation and, most importantly, a benefit to all future generations yet to enter into this universe.
Think like FDR America and we can change the world.
-Summer Shields