“People know that vast personal incomes come not only through the effort or ability or luck of those who receive them, but also because of the opportunities for advantage which Government itself contributes. Therefore, the duty rests upon the Government to restrict such incomes by very high taxes.”
Who said that? It was not our current president. Here’s a clue – It was the only President in our history who presided over an even longer economic recovery than Barack Obama. It was Franklin Delano Roosevelt in an address to Congress in 1935. It is no coincidence that the economic policies of both presidents failed. Minds that think alike produce results that look alike. Roosevelt ordered thousands of young pigs to be destroyed to raise the price of pork – in a depression! Obama ordered thousands of serviceable cars destroyed which raised the cost of transportation for lower income families — in a recession.
As the opening quote attests, Roosevelt sought to siphon money from the employer class to pay for federal government programs. Obama seeks to do the same. Roosevelt’s plan for recovery was to put people to work on the taxpayer’s payroll, not in the private sector. See the CCC and WPA. Obama’s plan is to rebuild roads and bridges (WPA) and subsidize unprofitable environmental programs like the Solyndra (CCC).
Roosevelt took measures later declared unconstitutional by the Supreme Court. See The Schechter Brothers and the NRA (National Industrial Recovery Act). Obama has also been at odds with the Supreme Court. Both presidents felt restrained by the Court, as well they should. The Court is there to protect the people from an overreaching government. Both presidents sought powers beyond those stipulated by our founders, albeit for different reasons.
When two presidents think so much alike and manage economic recoveries with results that are so much alike, it’s not coincidence. It’s because their policies don’t work. And what are those different reasons? Roosevelt’s goal was to restore the economy and benefit lower income workers. He just didn’t know how to do it. Obama’s goal is to put a choker on capitalism and completely transform America. He knows what he is doing. It’s up to the voters not to let him do it.