On May 9, 1939, Henry Morgenthau,
Jr., Franklin Delano Roosevelt ’s
secretary of the treasury, (after unemployment again topped 20% in May) was
feeling helpless. After almost two full terms of Roosevelt and the New Deal, here are Morgenthau’s
startling words---his confession---spoken candidly before his fellow Democrats
on the House
Ways
“We
have tried spending money. We are spending more than we have ever spent before
and it does not work. And I have just one interest, and if I am wrong . . .
somebody else can have my job. I want to see this country prosperous. I want to
see people get a job. I want to see people get enough to eat. We have never made
good on our promises. I say after eight years of this Administration we have
just as much unemployment as when we started. . And an enormous debt to
boot.”
Tim Geithner
could appropriately use this speech today and certainly repeat it in 2016 if
Obama is re-elected.
Northwoods Patriots - Standing up for Faith, Family, Country - northwoodspatriotscomm@gmail.com
Posts
No comments:
Post a Comment