Thursday, April 30, 2009

Is Government Stimulus the Answer?

Is the Oh!Bama spending spree going to get us out of this economic mess, or have we seen this movie before and know the ending?

FDR's Treasury secretary and close friend, Henry Morganthau, conceded this fact to Congressional Democrats in May 1939: "We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong ... somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises ... I say after eight years of this Administration we have just as much unemployment as when we started ... And an enormous debt to boot!"* link
How about Five Myths About the Great Depression.

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