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thank you for joining us. it is good to have you here. when we get a new president in this country or when we get a president re-elected for a new term, that president is inoculated. he or someday she is sworn in to start a new presidential term in january. that is why it is always so cold. january 20 is when it happens. that has only been true since the 1930s. up until the 1930s, presidents did not get inaugurated in january. they waited another two months and didn t get inaugurated until march. last time a president got inaugurated on the old day in march was march 4, 1933. that was one president franklin delano roosevelt cuts one in for the first time. that was also the last time we as a country would have to wait that whole four months after the election before we left the new president take over. after we had that first inauguration in march, 1933, we moved the date earlier and back to january. we actually had to amend the united states constitution in order to ....
Fdr was sworn in march were there and instituted that bank holiday on march 6. on march 12, he gave his first fireside chat. it was about the bank crisis. i want to talk for a few minutes with the people of the united states about banking . comparatively few who understand the mechanics of banking, but more particularly with the overwhelming majority of you who use banks the making of deposits and withdrawn checks, i want to tell you what has been done in the last few days and why it was done and what the next steps are going to be. first, let me state the simple facts that when you deposit money in a bank, it does not put the money into a safe deposit. it invests more money in many different forms of credit, bonds, commercial, mortgages ....
And today the check republic became the newest members of nato. never again will your fates be tossed around like poker chips on a bargaining table. wow. 20 years ago today. three post-communist countries officially entered nato. on march 12, 1999, the czech republic, hungary and poland became the first three former rivals opened a new path for a military alliance. today s anniversary comes as mitch mcconnell and nancy pelosi have invited the nato general to address a joint session of congress on april 3rd. joining us now, senior fellow on ....