Now and Then

From Holden:


March 11, 2005:

First, let me start off by telling you FDR did a good thing. Franklin Roosevelt did a good thing when he set up the Social Security system. You know why I say that? I say that because it’s helped a lot of retirees. It has worked.

March 16, 2005:

It’s important for the American people to understand that I believe the Social Security system has worked well, that Franklin Roosevelt did a positive thing when he created the Social Security system, but that I am deeply concerned about the Social Security system for younger Americans.

March 21, 2005:

First of all, right off the bat, I want to tell you, one of my predecessors did a smart thing. Franklin D. Roosevelt did a good thing in creating the Social Security system. The system has provided a safety net for millions of seniors.


Harvard Yoshi Tsurumi writes:

Thirty years ago, President Bush was my student at Harvard Business School. In my class, he called former president Franklin D. Roosevelt, Class of 1904, a “socialist” and spoke against Social Security, unemployment insurance, the Securities and Exchange Commission, and other New Deal innovations. He refused to understand that capitalism becomes corrupt without democratic civic values and ethical restraints.

Tip of the hat to Eschaton commenter Sallyh.