Obama: "...we’ holding assets long enough that eventually taxpayers get it back and that happened during the Great Depression when Roosevelt purchased a whole bunch of homes,"
Obama is talking about the present bailout that will return a profit - only problem is that FDR never did such a thing.
I guess Obama and Biden need review American history before wanting to lead this country. Biden also confused FDR with the depression era.
Biden, commenting this week on the Wall Street crisis, said we should learn from FDR. "When the stock market crashed, Franklin D. Roosevelt got on the television and didn't just talk about the, you know, the princes of greed."
Oops! FDR wasn't president when the stock market crashed in 1929. And nobody had TVs back then.