Posts Tagged ‘The Bully Pulpit’

The Price of Ignoring the Lessons of History

June 2, 2014

As I read Doris Kerns Goodwin’s latest historical opus,  The Bully Pulpit,  I become more and more astounded by the parallels between the Gilded Age and now. It’s perhaps a prime example of how history repeats itself.

I just read how President Theodore Roosevelt was blamed by Wall Street for the “Roosevelt Panic of 1907.”  Th big money men said President Theodore Roosevelt’s “crusade against business” caused the crash, arguing that “his excessive regulation had paralyzed the economy.”  The actual cause of the crash was the same thing that caused the Great Recession of 2008.  A very large  investment bank in  New York had abandoned sound banking practices to gamble with customer’s deposits. That caused public confidence in financial institutions to fail, and “customers rushed to retrieve money.” The banks had to be bailed out by, “in the absence of a  central banking system,”  seventy-year old J.P. Morgan, who served as a “one-man Federal Reserve,” and the federal government.  Does that sound familiar?

That’s just one example of the parallels to now.  The book has quite a few more,  including a “do nothing” Congress that wouldn’t pass hardly any bills a progressive president wanted during the last two years of his presidency.

The full title of the book, by the way is, The Bully Pulpit: Theodore Roosevelt, William Howard Taft, and the Golden Age of Journalism.  .

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Doris Kearns Goodwin’s Latest: “The Bully Pulpit”

November 18, 2013

Christmas is a great time for book lovers, especially lovers of non-fiction. The book store shelves are bristling with a lot of interesting new histories and biographies.

I just bought Doris Kearns Goodwin’s newest history,  The Bully Pulpit: Theodore Roosevelt, William Howard Taft, and the Golden Age of Journalism . It’s about how Teddy Roosevelt and William Howard Taft worked together as Republican progressives, and the split after Taft followed Roosevelt as president.

It’s also about the way that Roosevelt made a special effort to cultivate newspaper and magazine reporters of the time in order to get them to get across his messages to the American public.  It’s also about how Taft didn’t do that and paid for it.

The parallels between the turn of the 20th Century and now are amazingly close, things like a wide and widening income gap between the rich and poor and a split within the Republican party.

I’ve just started reading it, and it’ll be a while before I finish because I am a slow reader of histories and biographies.  I read novels like Sycamore Row by John Grishom  fairly fast.  It, by the way, is a good read, in my view, though, not  up to some of his preceding novels.