Obama is EXACTLY like FDR and it scares me to death.
Ever since our economy started showing recessionary measurements and the stock markets started falling dramatically, many people have compared Barack Obama to Franklin Delano Roosevelt, FDR. FDR came in to office during the early years of the Great Depression. People say that Obama is inheriting a miserable economy just as FDR did. This is true. What also is accurate is the fact that Obama has the same types of viewpoints that FDR held during his tenure as president. Many are saying that Obama is like a Messiah that will fix all of our economic problems just as FDR supposedly fixed America’s problems in the 30s.
But should someone want to be compared to FDR? Was his administration good in the long run?
FDR created multiple layers of bureaucracies in the government through the creation of the FDIC and SEC. It can be argued whether these institutions have effectively accomplished their primary purposes or not. He also created Social Security (which eventually morphed into Social Security and Medicare in 1965). The creation of Social Security was the beginning of the welfare state in The United States. The program is in horrifying debt and is infinitely closer to a Ponzi scheme than it is to any kind of investment or retirement plan. It is even worse when you account for Medicare.
The welfare state mindset in the US has grown completely out of control and has created numerous problems fiscally for our country. Many of the economic problems we face right now can be traced to welfare programs. So now steps in Barack Obama, being heralded as the next FDR. And that’s what scares me. He is EXACTLY like FDR. He wants to spend trillions of dollars on government programs to “fix” the problems. He wants to fix our woes with the very things that have created so many of our problems today. What we need right now is the exact OPPOSITE of FDR.
Last 3 posts by Eric
- Social Security Finally Bankrupt? - February 4th, 2010
- Business Cliches - January 15th, 2010
- Conan O'Brien - January 12th, 2010
Social security has been called the “greatest cross-generational theft of all time.” I would have to agree. Some people, however, perhaps the majority of Americans, still think that the social security that comes out of their paycheck goes into a little account with their name on it. They also seem to think the govt is watching over it carefully for them.
When you’re a single mom in Michigan who is trying to keep the lights on, FRD/Obama’s programs sound wonderful. “The government is the only person watching over me.” Little does she know that it’s also the government that makes it harder for her to earn a decent income at her job.