Wednesday, November 7, 2012

The Terrifying Line in Obama's Speech That Everyone Missed

But while everyone was picking apart these and other flaws in Obama's speech, they overlooked the most frightening line of all. That was when Obama promised that he'd pursue "the kind of bold, persistent experimentation that Franklin Roosevelt pursued during the only crisis worse than this one."

That promise might have made liberal hearts swoon. But as Amity Shlaes explained in her outstanding history of the era -- "The Forgotten Man" -- it was precisely FDR's "bold, persistent experimentation" that was largely to blame for the length, depth and severity of the Great Depression.