Word: rooseveltism
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...March 26, Obama convened the task force in the Roosevelt Room. By then, as Rattner explained to the President, a commercially sound plan for a stand-alone Chrysler was out of the question; it was deeply in debt, bleeding money and saddled with unpopular products. Of the 20 best-selling vehicles in the U.S. in 2008, only one, the Dodge Ram pickup, was made by Chrysler - compared with five for GM and four for Ford. A venerable European carmaker, Daimler, had already tried and failed to revive Chrysler. Its current owner, the private-equity fund Cerberus, had spent months...
...plenty of other treasures are not on lockdown. The Archives, created by Franklin Roosevelt in 1934, keep only the 1% to 3% of government documents and material considered important enough to be saved forever. Still, that adds up. The total currently includes 9 billion pages of text records, more than 20 million photographs, 7.2 million maps, charts, and architectural drawings, and more than 365,000 reels of film. Arranged side by side, the library's inventory would circle the Earth more than 57 times...
...goes back more than a century. In 1866, the Supreme Court said a military commission could not try an Indiana lawyer accused of agitating for the Confederacy, ruling that citizens must be tried in civilian courts when they're open and accessible. But in 1942, the court upheld President Roosevelt's tribunals for the eight accused German saboteurs in the failed scheme known as Operation Pastorius. More recently the court slapped down the Bush Administration's planned commissions in three separate cases, ruling among other things that only Congress can establish the tribunals; that some protections of the Geneva Conventions...
Economic crises come and go, but entitlements are forever. The Great Depression eventually dissipated, but Franklin Roosevelt's crown jewel - the Social Security system - is still with us. And so it will be with the Obama Administration. The early headlines have been all about the President's efforts to repair the financial system and jump-start the economy. If he succeeds, he probably will be re-elected. But Barack Obama's place in history will be determined by the long-term structural changes he initiates, and his most important legacy battle is just beginning as Congress tackles the holy grail...
...Smoot-Hawley tariff bill signed by President Herbert Hoover is attributed by to President Franklin Roosevelt and - oh, yes - referred to by as the "Hoot-Smalley" bill...