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Saturday, September 20, 2008

The Next Great Depression

If Senator Obama is elected and if he follows his announced liberal-progressive-socialist policies of high taxes, massive increases in regulation, vilification of business, and large new welfare program spending, the United States will enter a period of stagflation or a prolonged, FDR-style Depression.

Read Amity Shlaes’s assessment.

Posted by Thomas E. Brewton on 09/20 at 11:39 PM
Economics • (4) Comments • (0) Trackbacks
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