Howard Warren Buffett Quotes

There was endless controversy as to whether the acts of the New Deal did actually move recovery or retard it, and nothing final could ever come of that bitter debate because it is forever impossible to prove what might have happened in place of what did.

By 1939, the Depression was back. Unemployment was huge. Roosevelt didn't have any quick fix. Remember, the New Deal, Works Progress Administration, and Civilian Conservation Corps - all that happened years before. Roosevelt was riding a storm.

Young people who have worked in NYA, boys who have worked on the CCC programs, saving our soil and improving our forests, men who have worked on WPA, and women too, will get little credit or thanks for the things which have come to be accepted as part of the landscape. These things would never have been done if it had not been for this period of depression and the necessity of putting people to work for the Government. This woman thinks an immense physical improvement has been made and a greatly added interest in government has begun to take hold on the people. This is the greatest gain which can be made in a democracy.

President Franklin D. Roosevelt had to find a way to help the American people. In 1933, he created a relief program known as the New Deal. Two years later, he expanded the New Deal by adding the Works Progress Administration, which was renamed the Work Projects Administration in 1939.

I don't think it would be crazy to have a model or an entity model on the Reconstruction Finance Corp.

What saved the economy, and the New Deal, was the enormous public works project known as World War II, which finally provided a fiscal stimulus adequate to the economy’s needs.

There was a direct jobs program from the Rooselvelt administration in the 1930s. The Justice Department has set up a task force to investigate the banks and the mortgage crisis but that's a little too late. Whenever they report they will report the obvious. It will be too late to impact the people who need the help the most.

We certainly had an upheaval at the start of the Great Depression, and that resulted in a lot of financial reform, but it wasn't done in one stroke, and it wasn't done immediately. The Depression was in 1929 and resulted in the Securities and Exchange Act of '33, '34, '35, '37, '39, and '41.

Recovery measures work better when they raise confidence - as Franklin D. Roosevelt understood. His fireside chats, and his inaugural address proclaiming he would fight the Great Depression with the same resolve he would muster against a foreign foe, were aimed at reassuring Americans.

2008 was to the American economy what 9/11 was to national security. Yet while 9/11 prompted the U.S. government to tear up half the Constitution in the name of public safety, after 2008, authorities went in the other direction.

When the stock market crashed, Franklin Roosevelt got on the television and didn't just talk about the princes of greed. He said, 'Look, here's what happened.'

But despite historic levels of obstruction, President Obama was able to bring the economy back from the verge of a second Great Depression.

I started out in public service in 1998 after the Asian financial crisis of '97.

The so-called second New Deal of 1935 - including the Works Progress Administration, Social Security and the Wagner Act legalizing union labor - represented an effort to meet the rising voices demanding a more aggressive government approach to the collapse of national prosperity.

I don't want to go negative on Franklin Delano Roosevelt, but he didn't pass an economic deal in the first 100 days. We have passed the largest Recovery Act in the history of the country.

The only reason investors haven't run screaming from an obviously corrupt financial marketplace is because the government has gone to such extraordinary lengths to sell the narrative that the problems of 2008 have been fixed.

Understanding the true causes of the Depression, as well as the real economic record of the United States in the 1930s, is an essential ingredient in anyone's economic and historical education.

The big policy wins of the New Deal were actually offered as compromises. Because the alternative seemed to be revolution.

Franklin Delano Roosevelt eventually became the greatest liberal leader of 20th century United States, but he started as a fiscal conservative. His greatness is founded in his willingness to change his mind to save his country from the Great Depression.

The point about Roosevelt's New Deal was that it was visionary - for the 1930s.

My aspirations for this country would be on the scope of what Franklin Roosevelt brought to this country in 1932 when he saw a nation that was broken economically.

The comparatively greater prosperity of the United States is an outcome of the fact that the New Deal did not come in 1900 or 1910, but only in 1933.

Uncle Sam took up the challenge in the year of '33 For the farmer and the factory and all of you and me. He said, "Roll along Columbia. You can ramble to the sea, But river while you're ramblin' you can do some work for me."

We didn’t admit it at the time, but practically the Whole New Deal was extrapolated from programs that Hoover started.

The President [Barack Obama], I think if you look at it from his shoes, you know, was facing a very difficult situation where he had to own Washington, tame New York, save a collapsing economy, with a collapsed financial system. He moved, I think, to a team that he felt was tried and true, in terms of dealing with financial crisis. That was his decision.