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It is said that Napoleon lost the battle of Waterloo because he forgot his infantryhe staked too much upon the more spectacular but less substantial calvary. The present administration in Washington provides a close parallel. It has either forgotten or it does not want to remember the infantry of our economic army. These unhappy times call for the building of plans that rest upon the forgotten, the unorganized but the indispensable units of economic power, for plans like those of 1917 that build from the bottom up and not from the top down, that put their faith once more in the forgotten man at the bottom of the economic pyramid.

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Source Notes: Source: FRANKLIN D. ROOSEVELT, governor of New York, radio address, Albany, New York, April 7, 1932.The Public Papers and Addresses of Franklin D. Roosevelt, 19281932, pp. 62425 .

A bit about Franklin D. Roosevelt ...

Franklin Delano Roosevelt (January 30, 1882 April 12, 1945), 32nd President of the United States (1933-1945), is best known for his leading the U.S. through the Great Depression via his New Deal, his building a powerful political coalition, the New Deal Coalition, that dominated American politics for decades, and for playing a significant role in a grand coalition that defeated Nazi Germany, Italy and the Empire of Japan in World War II and created the United Nations. Born to wealth and privilege, he overcame a crippling illness to place himself at the head of the forces of reform. Universally called FDR, he was both loved and hated in his day, and now is considered by many to be in the top tier of American presidents.

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