This is a rather long paragraph I’m quoting, but I think you’ll find it worth your time. It’s from Arthur M. Schlesinger, Jr.’s The Coming of the New Deal, first published in 1957 1958, pp. 496-497:
One American who was not much surprised was the President. He had known the rich too long and too well to take them very seriously. His upbringing as a Hudson River Squire had given him a sense of superiority over mere millionaires, and nothing he had seen in the years since Hyde Park and Groton led him to suppose that money conferred wisdom. He declined to pay the rich the compliment of fearing them. He thought rather that they inclined to be ignorant and hysterical. For a moment, perhaps, he had hoped that the humility induced by depression might endure. Certainly his attempt at business-government cooperation in 1933 was sincere enough. The “challenge to industry” implied in the National Industrial Recovery Act was still for him, in March 1934, “a great test” to see how business leaders could operate for the general welfare. But, in the meantime, he was losing faith in business motives. “Now that these people are coming out of their storm cellars,” he complained, “they forget that there ever was a storm.” He believed that a “rather definitely organized effort” had been made in the fall of 1933 to destroy the New Deal and it seemed to him that this drive was being renewed in the spring of 1934. Speaking at Green Bay, Wisconsin in August 1934, Roosevelt suggested that for a certain kind of businessman confidence could evidently be restored only by repealing all regulatory laws. “If we were to listen to him and his type, the old law of the tooth and the claw would reign in our Nation once more.” And business talk about “liberty” left him equally cold. “I am not for a return to that definition of liberty,” he said crisply in October, “under which for many years a free people were being gradually regimented into the service of the privileged few.”
Compare with Barack Obama and today’s Republicans… and weep for our nation.