History.

They say if you know it you might not repeat it. So much for that theory. Here's a editorial cartoon from 1934.

Wallace was FDR's Vice President. Ickes is the predecessors of today's Harold Ickes...remember him as Hillary's henchman? Click it for a biggun and peruse the commentary. Roger has more of an explanation over at his site.

Planned Economy or Planned destruction, indeed.