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RiverLover

(7,830 posts)
19. WOW The ignorance showing here. Sure, wall street gave FDR $, then they realized the mistake &
Mon Feb 8, 2016, 05:33 PM
Feb 2016

worked HARD to get him thrown out of office.

I really resent any implication that Hillary is in ANY WAY like FDR.

When The Bankers Plotted To Overthrow FDR


It was a dangerous time in America: The economy was staggering, unemployment was rampant and a banking crisis threatened the entire monetary system.

The newly elected president pursued an ambitious legislative program aimed at easing some of the troubles. But he faced vitriolic opposition from both sides of the political spectrum.


"This is despotism, this is tyranny, this is the annihilation of liberty," one senator wrote to a colleague. "The ordinary American is thus reduced to the status of a robot. The president has not merely signed the death warrant of capitalism, but has ordained the mutilation of the Constitution, unless the friends of liberty, regardless of party, band themselves together to regain their lost freedom."

Those words could be ripped from today's headlines. In fact, author Sally Denton tells weekends on All Things Considered host Guy Raz, they come from a letter written in 1933 by Republican Sen. Henry D. Hatfield of West Virginia, bemoaning the policies of Franklin Delano Roosevelt.

Denton is the author of a new book, The Plots Against the President: FDR, a Nation in Crisis, and the Rise of the American Right.

She says that during the tense months between FDR's election in November and his inauguration in March 1933, democracy hung in the balance.

"There was a lot at play. It could have gone very different directions,"

......snip......

When Roosevelt finally took office, he embarked on the now-legendary First Hundred Days, an ambitious legislative program aimed at reopening and stabilizing the country's banks and getting the economy moving again.



"There was just this sense that he was upsetting the status quo," Denton says.


Critics on the right worried that Roosevelt was a Communist, a socialist or the tool of a Jewish conspiracy. Critics on the left complained his policies didn't go far enough. Some of Roosevelt's opponents didn't stop at talk. Though it's barely remembered today, there was a genuine conspiracy to overthrow the president.


The Wall Street Putsch, as it's known today, was a plot by a group of right-wing financiers.

"They thought that they could convince Roosevelt, because he was of their, the patrician class, they thought that they could convince Roosevelt to relinquish power to basically a fascist, military-type government,
" Denton says................


http://www.npr.org/2012/02/12/145472726/when-the-bankers-plotted-to-overthrow-fdr


Recommendations

0 members have recommended this reply (displayed in chronological order):

I'd take Eugene Debs over Woodrow Wilson any day. Tierra_y_Libertad Feb 2016 #1
Because influence peddling is really a unicorn and only Bernie supporters believe in it? Motown_Johnny Feb 2016 #2
Ha!Ha!Ha!Ha! MrMickeysMom Feb 2016 #18
When Wall Street crashed in 1929 did the tax payers have to save the banks and allow them liberal_at_heart Feb 2016 #3
Not a year or two before you are planning to run for president cali Feb 2016 #4
Agree it was very poor judgment of Hillary to accept obscene money from Goldman Sachs for speeches. flpoljunkie Feb 2016 #7
+1. n/t Jefferson23 Feb 2016 #9
And, Bill Clinton needs to STFU! flpoljunkie Feb 2016 #17
Third rate intellectual drivel, terrible appeal but he is GREAT for cynics...woohoo. Jefferson23 Feb 2016 #5
Is there anything he said about FDR, Teddy and Obama that's not true? flpoljunkie Feb 2016 #6
You're kidding right? Jefferson23 Feb 2016 #8
Compromise is necessary in a divided government. flpoljunkie Feb 2016 #11
Oh, you mean the compromises to social services during budget deals? No thank you. liberal_at_heart Feb 2016 #12
They do not have to take the money, the recipient is NOT in a better position to Jefferson23 Feb 2016 #13
Barack Obama only raised 1/3 of his campaign funds from grass roots donors in 2008 flpoljunkie Feb 2016 #14
Bernie is proving this wrong. We the people are funding his campaign. liberal_at_heart Feb 2016 #15
Sanders is doing fine, no corporate money. When they take that money they are not Jefferson23 Feb 2016 #16
K & R SunSeeker Feb 2016 #10
WOW The ignorance showing here. Sure, wall street gave FDR $, then they realized the mistake & RiverLover Feb 2016 #19
Both Obama, FDR lost Wall Street support in their second terms. flpoljunkie Feb 2016 #20
Latest Discussions»Retired Forums»2016 Postmortem»Why it's OK to Accept Wal...»Reply #19