Jesse Jackson Quotes

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

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.

It's important that the American people understand that President has proposed and passed this stimulus plan not as the end-all and be-all to our economic woes but as our bridge over troubled water until we get the finance system, the banking system working again.

I don't think it would be crazy to have a model or an entity model on the Reconstruction Finance Corp. That goes back to 1932, although it was really implemented in '33 under Jesse Jones, and it invested in mostly banks initially and preferred stock and that sort of thing.

The New Deal began, like the Salvation Army, by promising to save humanity. It ended, again like the Salvation Army, by running flop-houses and disturbing the peace.

We really accomplished what we set out to do with the Recovery Act programs, which was to fill the lending gap created by the crisis.

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.

I think if there's a great depression there might be some hope.

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.

But if, if you take a look at what would have happened, I mean, do we need to see soup lines down the street to figure out what would have happened? We avoided - and all economists will tell you that millions of jobs were saved because of the Recovery Act, and we avoided a second Great Depression. That, that is a reality.

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.'

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.

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

The New Deal exists principally on an emotional plane for Obama. To him, the New Deal is something you play like a song, to make you or your constituents feel better.

Franklin D. Roosevelt was fortunate: He didn't take office until nearly four years after the Wall Street crash, by which time the Republicans' responsibility for the Depression was taken for granted.

In his first term, President Barack Obama played a cautious manager navigating the worst economic disaster since the Great Depression and cleaning up the messes left by President George W. Bush in Iraq and Afghanistan.

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.

Discussions of the economy, especially during times of crisis, are often framed in terms of lessons we supposedly learned during the Depression of the 1930s. If we are not to endure terrible times like those again, we are told, we must support whatever form of state intervention is currently being peddled.

In the 1860s we used the national debt to save the Union. In the 1930s we used it to save the American economy. In the 1940s we used it to save the world.

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.

Let’s have a moratorium on press conferences …. Get off your asses and let’s do something and fix the biggest doggone crisis in the history of this country.

The economic meltdown that would define every aspect of Obama's economy came to a head well before he became president, of course, and so did the legislation that would be the basis for everything that came after.

During an economic crisis, what matters is that the government keeps its foot on the accelerator.