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Class Warfare Waged by FDR Holds Lesson for Obama: Michael Kazin

Dec. 8 (Bloomberg) -- On Halloween night in 1936, before an admiring crowd that filled Madison Square Garden, President Franklin D. Roosevelt attacked the enemies of the New Deal in words that rang with populist fury.

“We had to struggle with the old enemies of peace -- business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering,” he declared in New York. “They had begun to consider the government of the United States as a mere appendage to their own affairs. We know now that government by organized money is just as dangerous as government by organized mob. Never before have these forces been so united against one candidate as they stand today. They are unanimous in their hate for me -- and I welcome their hatred.” Three days later, FDR won a second term by the most lopsided margin of electoral votes in U.S. history.