The president?s administration is a ?puerile amalgam of exploded imbecilities, many of them in flat contradiction of the rest? which proposes to ?lift the burden of debt by encouraging fools to incur more debt, and to husband the depleted capital of the nation by outlawing what is left of it.?

The journalist who wrote those words would find much of today?s political debate familiar, though he would find today?s political rhetoric inelegant and tame. This was H.L. Mencken discussing the Franklin Roosevelt presidency.