Not only did FDR, in announcing the New Deal, clearly delineate the problem, which was organized money using government as an appendage, he point blank said he welcomed their hatred. Can you imagine any modern-day president or politician being this blunt, especially against Wall Street investment banks? Make no mistake, that’s exactly who he was referring to. Emphasis added.
We had to struggle with the old enemies of peace–business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering.
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 in all our history 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.