Obama: FDR Was 'Fiscally Conservative'

College Park, Md. (CNSNews.com) – President Barack Obama said that Franklin Delano Roosevelt (FDR) – the president best known for establishing a welfare and regulatory state in America – was “fiscally conservative,” in response to a question about how to keep the economy going.

Obama was referring to spending-cut measures Roosevelt took in the middle of the New Deal that lasted from 1933 to 1940.

“FDR comes in, he tries all these things with the New Deal; but FDR, contrary to myth, was pretty fiscally conservative,” the president said Friday during a town hall meeting on the campus of the University of Maryland.