Web Letters: A Very Different 100 Days

howl

By Nicholas von Hoffman

January 16, 2009

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  • The main difference between Roosevelt's and Obama's 100 days is in their timing relative to the start of a depression. When Roosevelt took office, the Great Depression was already more than three years old. Obama is taking office just a few months after the start of the present, severe downturn, and before it is absolutely evident that a new depression has begun. It is as if Roosevelt had taken office in March 1930 instead of 1932.

    Caleb Melamed

    Springfield, Il

    01/20/2009 @ 12:47am


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