Different River

”You can never step in the same river twice.” –Heraclitus

September 24, 2008

Biden on the Financial Crisis

Filed under: — Different River @ 1:50 am

The AP Reports on Sept. 23

WASHINGTON – Vice presidential candidate Joe Biden says today’s leaders should take a lesson from the history books and follow fellow Democrat Franklin D. Roosevelt’s response to a financial crisis.

“When the stock market crashed, Franklin D. Roosevelt got on the television and didn’t just talk about the, you know, the princes of greed. He said, ‘Look, here’s what happened,’” Barack Obama’s running mate recently told the “CBS Evening News.”

Except, Republican Herbert Hoover was in office when the stock market crashed in October 1929.

It’s actually even worse than that.

The first presidential TV appearance wasn’t until 1939, and the first televised presidential “address to the nation” was by President Truman in 1951 — a full 22 years after the stock market crash!

But hey, at least Biden has EXPERIENCE, so he won’t make stupid ignorant mistakes like Palin will!

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