Guess Who?

There was business failures that caused the stock market to decline and a subsequent recession. The administration decided to adopt a widespread series of measures at the national level that emphasized relief and reform. This included banking regulations with a deliberate attempt to introduce planning into the economy with a push for radical redistribution of wealth. The administration decided to save capitalism from itself by entrenching a number of regulatory measures and social programs that kept the market economy from its own excesses. The administration claimed it was committed to a balance budget, yet it ran all-time record deficits. The administration surrounded itself with elitist intellectuals or career politicians. The administration had anti-business bullies who threatened corporate leaders who resisted their "voluntary" programs with a sock right in the nose. Members of this administration believed that government spending would spur demand and thus pull a nation out of a depression. They wanted to ensure that federal spending was transformed "from temporary expedient to a permanent instrument of government". There were also arguments on the other side for cutting government spending to encourage private investment, but the president believed the race to spend federal money was on. However, the president's policy had no overarching principles, no long-term vision, no guiding fundamentals, but was rather a reactive network of plans designed to "get" business and a means of diminishing private control over the necessities of life. It did not help that the president had few business leaders among his advisors due to distrust and believed many business leaders were generally stupid. The president believed it was to his political advantage to him in creating the impression through the country that he was being unjustly attacked by business men. The president looked for high spots in his speeches to get in "a dig at his enemies". Some were impressed by the president's utter lack of logic, the scantiness of his precise knowledge of things that he was talking about and by the immense and growing egotism that came from his office. The president engaged in "secret amputation" when it came to introducing programs that noted, "you do it quietly as possible." You play down its implications. Mixing spot emergency measures, applied to selective sectors of the economy, then combining them with stealth social engineering. From the time this president took office the deficit jumped nearly $6 Billion in six years, more than double when he took office and the national debt had soared to real levels unmatched to this day. Above all, emergency measures needed to be done quickly before opposition could mount to many of these breathtaking changes to the Constitution.

This sounds like President Obama and his administration. However, it is none other than the administration of FDR. The more things change, the more they remain the same. People who don't know history, tend to repeat it. Research history and you will find all this true.