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The first is Francis Everton Townsend, born in 1867,

a senior figure who was a physician,

and he comes forward with the Townsend Plan.

This is in the time of great want and doubt for the people who are elderly in America.

At that time, that was considered 60 years plus, was elderly.

David, Francis Townsend looks to be an amateur,

and the fact that he enters into politics at all is so unlikely.

What do we need to know about how Roosevelt thought of Townsend?

Well, Townsend was this old geyser doctor who writes a letter to the local paper

saying we've got to have this plan, which is going to give $200 a month to everyone over 60,

and they will have to do two things for it.

One, not work anywhere, and two, spend it all in 30 days.

He thinks this is going to be create a velocity of money,

with sort of like priming the pump, getting the economy up and running.

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