FDR didn’t just pull us out of the Depression. He fundamentally altered economic/banking/political rules so it wouldn’t happen again. Several decades ago we started dismantling some of the very protections that FDR created, so crony capitalists could party more. And here we are.

Mar 18, 2020 · 3:37 PM UTC

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Replying to @marwilliamson
It only took twelve years and a world war before we got out of that depression, unemployment was at 18% in 1938. FDR is not that strong economically.
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Replying to @marwilliamson
You're right, FDR didn't pull us out of the Great Depression.
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Replying to @marwilliamson @justineking
For the most part, Sanders wants to return to FDR's policies and expand them to create a larger era of economic stability and growth.. but someone trying to help a capitalist economy thrive is a socialist.
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Replying to @marwilliamson @joyfulnoyz
Thank you #BillClinton and the #NeoLiberals
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What we need to do is return to a time when economic justice - through fair taxation, end to most corporate subsidies, etc. - functioned in a way that encouraged a strong middle class and discouraged the creation of the tiny economic and corporate aristocracy we have now.
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I do plenty of that. If you look at my posts you’ll see that. But in the words of MLK Jr., we need a “quantitative shift in our circumstances & a qualitative shift in our souls.” We need both, and I talk about both. Either without the other is an inadequate response to the times.
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Economically it’s a similar world in many ways. Every generation tends to believe that whatever we’re going through has never happened before, but archetypal patterns in history exist. What Jefferson called “the general tendency of the rich to prey upon the poor” is nothing new.
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