Sunday, July 5, 2009

Pres. Franklin D. Roosvelt Is My Hero Too

''F.D.R.'s Lessons For Obama'' is form David Kennedy's article,Time Magazine On Line, July 3,2009.

SCOHEN305 adds: F.D.R.'s lessons for Obama are also lessons for building a new world order. What the world needs now is good government; not more government ot less government or no government.

''All the major New Deal reforms that endured had a common purpose: not simply to end the immediate crises of the depression but also to make America in the f

uture a less risky place, to temper for generations thereafter what F.D.R called the 'hazards and vicissitudes' of life. By creating the Federal Deposit Insurance Corporation (FDIC), the New Deal provided more confidence to bank depositors. With the Securities and Exchange Commission (SEC), it guarenteed more reliable information for investors. The Federal Housing Administration gave more protection to mortgage lenders and thus more options to home buyers. The National Labor Relations Board brought more stability to dealings between capital and labor. The Fair Labor Standards Act ensured more predictable wages for the most vulnerable workers. Social Security offered at least a minimal safety net for the unemployed and elderly....He aimed not merely to end the crises at hand but to forestall similar calamities in the future, and thereby to build a country,as he once said, in which no one is left out.' ''

Scohen305 ends this blog with what he believes to be a meaningful tweet for our times: We need a new way of looking at money and government for America and our global village. My previous blogs have started brainstorming in this direction.

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