(Reported by Tammy Chase Chicago Sun-Times)
Chicago, IL - The president of the Glenview State Bank wrote in his monthly newsletter that,
"The Great Depression of the 1930's saw falling prices, staggering unemployment and shattered stock markets all over the world, and the world's leading statesmen seemed helpless to defeat it. Except for one. His name was Adolph Hitler. Unlike France and Britain, and unlike the United States, Germany spent most of the 1930's growing economically, not declining. If we can understand why Depression-era Germany resisted the disease, we may better understand how alarmed we should be today in the 21st century."Tammy Chase reports that the Anti-Defamation League came down hard on the bank and its president wanting an apology for the outrageous comments. They got one too. But it is really strange to me and a bit troubling that the president of this bank would think of Hitler as a great economist. I may need correcting here, but wasn't Germany on the upswing economically when Hitler came on the scene? He further blustered the economy through theft and terror by stealing the wealth from German citizens and then butchering them, thereby increasing fear and compliance among the populace. When that bank of humanity ran out he used the giant war machine that he built upon the back of an oppressed people to rape and pillage other countries.
If I had money in this bank, I'd pull it now.
