Nothing to Fear

Posted by – October 10, 2008

FDR’s 1st Inaugural Address, better known as the “Nothing to Fear but Fear Itself” speech, seems incredibly relevant right now:

Yet our distress comes from no failure of substance. We are stricken by no plague of locusts. Compared with the perils which our forefathers conquered because they believed and were not afraid, we have still much to be thankful for. Nature still offers her bounty and human efforts have multiplied it. Plenty is at our doorstep, but a generous use of it languishes in the very sight of the supply. Primarily this is because the rulers of the exchange of mankind’s goods have failed, through their own stubbornness and their own incompetence, have admitted their failure, and abdicated. Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the hearts and minds of men.

True they have tried, but their efforts have been cast in the pattern of an outworn tradition. Faced by failure of credit they have proposed only the lending of more money. Stripped of the lure of profit by which to induce our people to follow their false leadership, they have resorted to exhortations, pleading tearfully for restored confidence. They know only the rules of a generation of self-seekers. They have no vision, and when there is no vision the people perish.

Read the whole thing here, or listen to an excerpt.

1 Comment on Nothing to Fear

  1. Diane Frank says:

    I sent a comment about using this to the Obama campaign a few days ago. I think another thing to use to equate McCains current tactics to McCarthyism. http://en.wikipedia.org/wiki/McCarthyism

    Diane

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