The Fox News folks, of course, specifically Brit Hume, squeezed the whole FDR thing. ‘Media Matters For America’ has done much of the legwork on breaking this down, and both on his radio show and at his website, Al Franken has done much of the publicizing. Hume, and others like those bastions of public conduct John Fund and Bill Bennett, have taken a bunch of 70-year old quotes out of context to make it look like Franklin Delano Roosevelt is endorsing President Bush’s plan to partially privatize Social Security.

Here’s the full relevant segment from Roosevelt’s message to Congress on Social Security and other similar programs from 1935: “In the important field of security for our old people, it seems necessary to adopt three principles: First, non-contributory old-age pensions for those who are now too old to build up their own insurance. It is, of course, clear that for perhaps thirty years to come funds will have to be provided by the States and the Federal Government to meet these pensions. Second, compulsory contributory annuities which in time will establish a self-supporting system for those now young and for future generations. Third, voluntary contributory annuities by which individual initiative can increase the annual amounts received in old age. It is proposed that the Federal Government assume one-half of the cost of the old-age pension plan, which ought ultimately to be supplanted by self-supporting annuity plans.”

The syntax is a little ancient but the message is pretty straightforward. For 1935, people who would only take money out of Social Security and not put any in, should have their contributions covered half by the federal government and half by the states. Later on, those contributions should be replaced by the “self-supporting annuity plans” — which Roosevelt has already defined (“Second…”) as the actual Social Security system. Buried in the formality of his third point, FDR is talking about things we would later know as IRA’s and Keoghs and 401k’s.

But look at how Hume mixed and matched the original Roosevelt quotes on February 4th (and we’re quoting this verbatim from Fox’s website) “…it turns out that FDR himself planned to include private investment accounts in the Social Security program when he proposed it. In a written statement to Congress in 1935, Roosevelt said that any Social Security plans should include, ‘Voluntary contributory annuities, by which individual initiative can increase the annual amounts received in old age,’ adding that government funding, ‘ought to ultimately be supplanted by self-supporting annuity plans.’”

Roosevelt said no such thing. The “voluntary contributory annuities” are the IRA’s and Keoghs and 401k’s. What “ought to ultimately be supplanted” was the special government contributions to Social Security on behalf of people born in the 1870’s and earlier, and the “self-supporting annuity plans” constitute Social Security itself.

It’s premeditated, historical fraud, but you will not see Hume nor Fox News backpedal from it (as Jordan did for his misdemeanor), nor apologize for it (as Jordan did), nor save their masters from its shame (as Jordan did — of course there is no shame at Fox).

The grandson of Franklin Delano Roosevelt appeared on the MSNBC Keith Olbermann show to say this implication is an attempt to deceive the American people and an outrage.

Britt Hume should resign, yet he's not backing away from the intellectual fraud he has committed.

Liberal media bias my arse.