This notion that somehow I could have gone and made the case around the country for a far bigger stimulus because of the magnitude of the crisis, well, we understood the magnitude of the crisis. We didn’t actually, I think, do what Franklin Delano Roosevelt did, which was basically wait for six months until the thing had gotten so bad that it became an easier sell politically because we thought that was irresponsible. We had to act quickly.
And getting 60 votes for what was an unprecedented stimulus was really hard. And we didn’t have the luxury of saying -- first of all, we didn’t have 60 votes at the time. We had 58. And we didn’t have the luxury to say to the Senate, our way or the highway on this one.
...as saying they didn't have the luxury of waiting until things got so bad. The market crashed in 1929 and by the time FDR took office the crisis had peaked.
The peak of the current crisis was July 2009.
As for the other statement, he was talking about incrementalism, and he was correct.
Still, nothing wrong with correcting any ambiguity.
Roosevelt historians are
doing just that, but even they understand what he meant:
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In his news conference on December 7, President Obama defended his recent decision to compromise with the Republicans over the extension of the Bush tax cuts in part by insisting that sometimes compromise is necessary. He reminded his critics on the left that progress often comes a few steps at a time and that to refuse to compromise is to court failure. He then compared the progress that his administration has made in health care reform (imperfect as it may be) with some historical examples, such as FDR’s passage of the Social Security Act, which he noted initially only “affected widows and orphans.”
The president may be correct when he states that a good many of the social-economic reforms we now take for granted were brought into being gradually. But his hasty characterization of Social Security as something that initially only helped “widows and orphans” is incorrect and doesn’t do it justice.
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In other words, FDR saw the establishment of Social Security as a reflection of the recognition that in a modern capitalistic industrial society government can and must become an active instrument of social and economic justice. Given the meager and almost non-existent presence of the State in the management of the economy and in the day-to-day lives of Americans prior to the onset of the New Deal, the establishment of this principle was no incremental step. Rather, it was a huge leap forward — even when one factors in the many short-comings of the original legislation.
President Obama is right. Much of the progress we have made as a nation has come one or two steps at a time. But there are also some compelling examples in our history when bold leadership, combined with bold action, inspired the government and the people to act as one in the best interests of all. The passage of the 1935 Social Security Act is perhaps the best example of this. It marks a fundamental shift in the American people’s attitude about the role of government. Through its provisions, it not only helped establish the belief that government could and should work to advance the general welfare, but also helped restore their faith in a liberal capitalist democracy at a time when the democratic system of government was under siege in much of the rest of the world.
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There are a lot of factors, Congress, the urgency of the situation and the level of opposition. The Republicans today are simply despicable.