Renewing the ‘Old Deal’?
3/2/2009
As America continues to feel its way through a dire economic crisis, our elected leaders in Washington seem determined to repeat the mistakes of the past.
In fact, they fail to even see that they were mistakes, despite the clearest of evidence.
The model for the so-called “economic recovery” plans of 2009 are policies that were tried by President Franklin Roosevelt in the 1930s and failed miserably to pull the country out of the country’s one and only Depression.
Obama himself has held up FDR’s experiments as his inspiration: “He saw a nation conquer fear itself with a new deal, new jobs, a new sense of common purpose.”
But is it really true that Roosevelt’s policies pulled the nation out of the Depression, as every schoolchild in America still learns?
No, it is not true. And no amount of wishful thinking will make it true.
Harold
ACGR's "News with Attitude" 