Think of this as Volume 18, Number 21 of the newsletter I have written weekly since March, 1997. Enjoy.
I would argue they were the same crisis. FDR's response to the Great Depression saved America for democracy, which was indeed threatened by extremists of the Left and Right. His response in World War II saved the world.
Our time is similar.
As the Great Recession fades into the background, America is facing the return of those false choices, both abroad and at home.