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Reply #8: Some of the same people romanticizing FDR to lambaste Obama would no doubt [View All]

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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 07:54 PM
Response to Reply #6
8. Some of the same people romanticizing FDR to lambaste Obama would no doubt
have called FDR a fascist for everything from the FDIC to internment.

In a controversial move, Roosevelt gave Executive Order 6102 which made all privately held gold of American citizens property of the US Treasury. This gold confiscation by executive order was argued to be unconstitutional, but Roosevelt's executive order asserts authority to do so based on the "War Time Powers Act" of 1917. Gold bullion remained illegal for Americans to own until President Ford rescinded the order in 1974.<51><52><53><54>

Roosevelt tried to keep his campaign promise by cutting the regular federal budget, including 40% cuts to veterans' benefits and cuts in overall military spending. He removed 500,000 veterans and widows from the pension rolls and slashed benefits for the remainder. Protests erupted, led by the Veterans of Foreign Wars. Roosevelt held his ground, but when the angry veterans formed a coalition with Senator Huey Long and passed a huge bonus bill over his veto, he was defeated. He succeeded in cutting federal salaries and the military and naval budgets. He reduced spending on research and education.

link

Every President has issues to deal with related to the times.

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