Comments on: Nothing to Fear but Fear Itself

By: Kate Phillips

Kate Phillips — Mon, 27 Oct 2008 06:00:15 +0000

Hi Richard,
Yes, I found the similarities between “then” and “now” quite striking! Although we are not in such a deep depression as then, hopefully it will not come to that. I feel optimistic that our recovery will not be far away.

And for some of us, there will be no recession at all. For those with stable jobs or those with successful businesses, there is much increased opportunity as prices on stock and real estate fall.

As far as lessons taken to heart… history repeats precisely because we do forget our lessons (or the lessons of previous generations) – don’t you think?

By: Richard

Richard — Mon, 27 Oct 2008 03:44:52 +0000

And so we find ourselves repeating history. The words of FDR describe current events almost precisely. One difference being war contributing to the problem vs. war stimulating the resolution; that option seems to be gone, and good riddance.

Apparently those “dark days” did not teach us our true destiny. But his words of encouragement and faith in the strength of this country and her people to rebound still ring true. We will regain our economic status and lead the world recovery.

We can only hope that this time the lessons will be taken to heart, not just by the titans of business, but by each of us.