Artorius Castus

In gaffe, Biden says FDR led nation when market crashed in 1929; Hoover was in office

Posted in Uncategorized by Patrick Truax on September 23, 2008

Associated Press

Last update: September 23, 2008 – 5:08 PM


WASHINGTON – Vice presidential candidate Joe Biden said 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.

FDR was elected three years later when voters denied Hoover a second term. The Democratic challenger appealed to the “forgotten man” by promising a “new deal” to solve the Depression era.

Democrats usually like to remind the public that a Republican was president during the 1929 stock market crash. During the 2004 presidential election, John Kerry’s campaign repeatedly cited Hoover as the last president until George W. Bush to oversee a loss of jobs during his time in office.

Biden was commenting on the stock market crash when he said leaders should explain the current economic crisis and how to solve it to the public.

“Part of what being a leader does is to instill confidence, is to demonstrate what he or she knows what they are talking about and to communicating to people … this is how we can fix this,” Biden said.

I’ll bet Sarah Palin knew FDR wasn’t elected until 1932, and my cat knows that Americans werent watching FDR on TV in ’32. There are three reasons for that-

1.While TV was invented in the ’20s, it was not in widespread use.

2. If it was, you would have never seen FDR, because of his crutches and wheelchair.

3. FDR was famous for his “Fireside chats”, which were radio addresses.

Anyday now we are going to be hearing Bill Richardson will be VP..

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