Barack Hussein Obama (BHO) = Franklin Delano Roosevelt (FDR)

Does history repeat itself?

There is an eerie similarity between FDR and BHO. 

Will 2013 be a repeat of 1937?

The FDR Years:

1932:   FDR is elected after a financial collapse.  He wins by relentlessly attacking and demonizing his predecessor, Herbert Hoover.

1933:   FDR signs off on several huge government programs:   Social Security, National Labor Relations,  Banking Act strengthening the Federal Reserve.

1934:   FDR goes on a spending spree (stimulus).  For the first time. Federal Government spending exceeds spending by all states and cities combined. 

This begins the death of Federalism (where the national government had always spent much less than all the states) and weakening of the states’ Constitutional authority. 

1935:   The spending spree continues.  The economy struggles to come out of a depression.

1936:  FDR is reelected by continuing to blame all problems on his predecessor, the wealthy, and those who opposed his abuse of the Constitutional power of the states.

1937:  FDR promises to cut the deficit, but he raises taxes especially on the wealthy whom he demonizes.

            FDR’s major government programs are implemented and begin to take their toll on the economy.  Americans begin to pay Social Security taxes for the first time. 

Union leader, John Lewis, begins his push for greater union wages and conducts strikes that further damage the economy.

The Fed requires banks to have additional cash reserves resulting in less cash available, increased financial uncertainty, loss of business confidence.

Industrial production drops by 34.5%.  The stock market loses half its value.

The country falls back into a recession/depression. 

            Unemployment exceeds 15%.

1938:  The economy continues to struggle to get out of the recession.

1939:   War begins in Europe.

1940:   FDR reelected.

1941:   World War comes to the USA.

The BHO Years:

2008:   BHO is elected after a financial collapse.  He relentlessly attacks and demonizes his predecessor, George Bush.

2009:  BHO goes on a spending spree starting with a trillion dollar “stimulus” bill.   

2010:   BHO signs his Obamacare Program that will take over one sixth of the economy starting after his reelection in 2012..

2011:  BHO continues the spending spree.  Government share of GDP goes from 19% to over 24%.

            The economy continues to struggle to come out of its recession.

2012:   BHO is reelected by continuing to blame all problems on his predecessor.

2013:  BHO promises to cut the deficit, but he raises taxes especially on the wealthy whom he demonizes.

            Americans and businesses begin paying Obamacare taxes resulting in significant job losses.

            Union Leader, Trumpka, pushes for higher union wages and strikes.

            Industrial production drops.   The stock market loses half its value. 

The country goes deeper into recession. 

Unemployment exceeds 15%.

What the future holds?

2014:   BHO pushes for a national sales tax - Value Added Tax (VAT) - to pay down the trillions of debt while refusing to cut any government programs . 

BHO continues to attack and demonize his predecessor, the wealthy, and other opponents as the mid-term Congressional elections approach. 

2015:   BHO continues his divisive class-warfare rhetoric leading to civil strife and riots as seen in Greece.

            The country plunges from a recession into a deep depression. 

2016:   The USA becomes a European-style welfare state.

            Hillary Clinton defeats Marco Rubio and becomes President Clinton.

            World War begins.