Nothing's Impossible

He basically supported the free market system. But he believed government also had a right and responsibility to act when needed. And he supported new government controls in such important areas as banking, transportation, agriculture, and oil production. Some Americans did not think it was wise, or even possible, to mix traditional free market capitalism with government intervention or socialism. Former Republican Treasury Secretary Ogden Mills put it this way:
We can have a free country or a socialist one. We cannot have both. Our economic system cannot be half free and half socialistic. There is no middle ground between governing and being governed, between absolute rule and freedom. Many leftists and socialists agreed with conservatives that it was impossible to mix capitalism and socialism. One leftist publication wrote: Either the nation must live with the sadness of capitalism or it must prepare to replace capitalism with socialism. There is no longer a practical middle path.
However, Roosevelt and his New Dealers happily rejected these arguments. They aimed the country between rightist and leftist extremes and created a whole new set of rules for government, the economy, and democracy.

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