What's Worse?

Wow:

Barack Obama: FDR “Was Pretty Fiscally Conservative” | rayharvey.org: "This, if you didn’t know it already, shows you exactly how economically illiterate and out-of-touch Barack Obama really is. It will also perhaps remind you of his whacked-out 2009 statement: “We’ve actually been operating in a way entirely consistent with free-market principles.”

From a speech Obama gave today, July 22nd, 2011:

President Obama says it is a “myth” that President FDR was not a fiscal conservative.

Question: what’s worse — if Obama actually believes that, or if he’s lying through his teeth (again)?

The following is a tiny sampling of facts about FDR, and if Barack Obama could please tell me wherein lies the fiscal conservatism here, I’d be eternally grateful.

One of FDR’s first acts as President was to close down all private banks, a maneuver he hoped would prevent scared depositors from withdrawing their savings.

What this maneuver actually did, however, was intensify the public’s panic. It didn’t improve banking at all, nor did it help in any way with the Great Depression."

Ray is on a roll with this one. Go RTWT and then some!