"In the event that the Congress shall fail [to act], in the event that the national emergency is still critical, I shall ask the Congress for the one remaining instrument to meet the crisis -- broad executive power, to wage a war against the emergency, as great as the power that would be given to me if in fact we were invaded by a foreign foe."
So history buffs, what was FDR talking about here? As commander in chief during war, the prez has unlimited power in military matters. Was FDR asking for the same power regarding the economic crisis?
Here's the video if you're interested, you can skip past the newsreel jazz for brevity: Link
EDIT: I did some googling and answered my own question -- answer is "yes."
That word -- "dictator" -- had been in the air for weeks, endorsed vaguely as a remedy for the Depression by establishment figures ranging from the owners of the New York Daily News, the nation's largest circulation newspaper, to Walter Lippmann, the eminent columnist who spoke for the American political elite. "The situation is critical, Franklin. You may have no alternative but to assume dictatorial powers," Lippmann had told FDR during a visit to Warm Springs on February 1, before the crisis escalated.
NPR (very good article)
Great Depression talk is pretty scary stuff, and if history is prologue, then the martial law talk we hear thrown around today is a very real possibility.
FDR considered options for reactivating retired veterans to enforce martial law. We hear echos of this today, with the internet rumors swirling about general mobilization of veterans.
Thoughts anyone?