Why try again with failed FDR policies?
Steve Forbes noted, "FDR's incessant experiments in the 1930s - price and wage controls, massive regulation, huge tax increases, forced unionization - severely damaged the U.S.'s climb out of the Great Depression."
Meanwhile, Doug Casey wrote, "Every corrupt and failed (U.S.) institution, instead of being allowed to turn into compost to be recycled by the economic worms into fertilizer for a new generation of businesses, is going to be propped up like a zombie. They'll continue doing the same stupid things that got the country into the current mess." (And recall, this housing/loan issue was forced on the banks, under threat of multimillion dollar lawsuits, in 1997 under Bill Clinton and his HUD appointee, Andrew Cuomo.)
Even FDR's treasury secretary, Henry Morgenthau, noted about the failed New Deal: "I say after eight years of this administration we have just as much unemployment as when we started."
My question: Why do we have to try the failed FDR (and Jimmy Carter) policies all over yet again, with ill-conceived Obamanomcs? The answer is that Obama and his fellow socialists Nancy Pelosi, Barney Frank and Harry Reid have learned nothing, and forgotten nothing. And while they live in the American version of Versailles, it is we, the worker bees, who will suffer - all under a president who makes a great rock star, but an absolutely incompetent leader.
Jim Vanne
Aurora