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You Republicans Brought Us The Great Depression, Too

05/25/2011 12:45 pm ET

Watching the second debate, again I thought Barack Obama had missed the opportunity to lay it all out in one neat package by not telling John McCain:

Hold on. Let's get a little historical perspective here.

It was you Republicans that brought us the Great Depression of the 1930's.

Don't forget, following the stock market crash of 1929, Republican President Herbert Hoover's pro business-at-all-costs agenda only beat us deeper and deeper into depression.

Remember, the last time the voter's demand for change had to wait three more years, until the election of 1932, when they swept in President Franklin Delano Roosevelt. And it was the Democrat's people-first programs that shepherd the American people through the hardships, pain and fear that burned lasting scars on a whole generation.

Then, straight at the camera:

Just as with the Great Depression, yet again, a reckless Republican Administration has coddled an unregulated financial system, throwing our economy into the worst crisis since their free market policies did it the last time.

But this time, we don't have to wait three years to vote for change.

Don't be fooled by campaign promises, squeezed out of John McCain by outraged voters. Until just a few weeks ago, he was the staunchest booster of Present Bush's financial policies that have brought us to the brink of the greatest economic catastrophe in American history.

And people should not forget this too. As bad as things are, they sure would be a whole lot worse if we Democrats had not beaten back John McCain and the Bush Administration's drive to privatize the best of FDR's programs. Imagine the panic sweeping the county now if your Social Security payments - the only retirement security for millions of Americans - were locked into today's stock market.

Far too much is at stake to trust another business friendly Republican Administration to enact, and enforce, the hard measures necessary to reign in our out of control economy.

America's recovery will take nothing less than a bold program of far reaching reforms - changes that will not be painless to Wall Street and its culture of greed and corruption.

So, make no mistake. It is my Democrat Administration that you can trust to deliver the sweeping change that America needs.

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