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View Diary: President-Elect Obama's First Weekly Video Address: November 15, 2008 (180 comments)

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  •  During Franklin D. Roosevelts era (2+ / 0-)
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    lirtydies, flitedocnm

    he used to have "fireside chats" on the radio... In a nation that was basically frightened and whatnot from the Great Depression, Roosevelt's soothing words and guidance put the nation back on track.

    My history teacher may have lied to me utterly, but I was told actually that he told people to take the money they had lying around their house and to put it back into banks (Which they weren't doing because banks closed and people lost their money before). He explained the reasons why they should do this, what it did for the economy, and Roosevelt's huge popularity basically got the economy back on track slowly but surely.

    (If anyone wants to disagree with me historically, feel free... I'm doing this all from memory)

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