The millions of productive jobs that a program of this nature could bring are jobs in private enterprise.
FDR
The Public Record
Franklin Delano Roosevelt was the 32nd President of the United States, serving from March 4, 1933, until his death on April 12, 1945. A member of the Democratic Party, he was born in New York and is best known for his leadership during two of the most significant crises in American history: the Great Depression and World War II. Roosevelt implemented the New Deal, a series of programs and reforms aimed at economic recovery and social welfare, which fundamentally reshaped the role of the federal government in American life.
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Through a program of this character we can maintain a national income high enough to provide for an orderly retirement of the public debt along with reasonable tax reduction.
Our present tax system geared primarily to war requirements must be revised for peacetime so as to encourage private demand.
While no general revision of the tax structure can be made until the war ends on all fronts, the Congress should be prepared to provide tax modifications at the end of the war in Europe, designed to encourage capital to invest in new…
As an integral part of this program to maintain high employment, we must, after the war is over, reduce or eliminate taxes which bear too heavily on consumption.
The war will leave deep disturbances in the world economy, in our national economy, in many communities, in many families, and in many individuals.
It will require determined effort and responsible action of all of us to find our way back to peacetime, and to help others to find their way back to peacetime--a peacetime that holds the values of the past and the promise of the future.
If we attack our problems with determination we shall succeed.
For freedom and peace cannot exist without security.
During the past year the American people, in a national election, reasserted their democratic faith.
The Congress, the Executive, and the Judiciary have worked together for the common good.
We have a great many problems ahead of us and we must approach them with realism and courage.
This new year of 1945 can be the greatest year of achievement in human history.
Most important of all--1945 can and must see the substantial beginning of the organization of world peace.
This organization must be the fulfillment of the promise for which men have fought and died in this war.
It must be the justification of all the sacrifices that have been made--of all the dreadful misery that this world has endured.
We Americans of today, together with our allies, are making history--and I hope it will be better history than ever has been made before.
Because of undermined confidence on the part of the public, there was a general rush by a large portion of our population to turn bank deposits into currency or gold--a rush so great that the soundest banks could not get enough currency to…
It was then that I issued the proclamation providing for the nation-wide bank holiday, and this was the first step in the government's reconstruction of our financial and economic fabric.
I want to tell our citizens in every part of the nation that the national Congress-- Republicans and Democrats alike--showed by this action a devotion to public welfare and a realization of the emergency and the necessity for speed that it…
We do not want and will not have another epidemic of bank failures.
It needs no prophet to tell you that when the people find that they can get their money--that they can get it when they want it for all legitimate purposes--the phantom of fear will soon be laid.
People will again be glad to have their money where it will be safely taken care of and where they can use it conveniently at any time.
I can assure you that it is safer to keep your money in a reopened bank than under the mattress.
The success of our whole great national program depends, of course, upon the cooperation of the public--on its intelligent support and use of a reliable system.
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