The View From 1776
Wednesday, August 31, 2011
Liberal-Progressivism Flops Again
Thomas Sowell writes that Obama’s new New Deal is suffering the same failures as FDR’s New Deal, for the same sorts of reasons.
As unusual as 9 percent unemployment rates may seem to the current generation of Americans, unemployment rates stayed in double digits for months and years on end during the 1930s. Franklin D. Roosevelt’s administration followed policies very similar to those of the Obama administration today. He also got away with it politically by blaming his predecessor.