Friday, August 05, 2011

"Forgetting Lessons of Keynes and FDR Brings On the ‘Obama Recession’"

David Woolner (new deal 2.0):
In the past two years we have heard official after official claim that they do not want to repeat “the mistakes of the Great Depression.” Yet the recent behavior of both the Obama Administration and senior members of Congress belies this claim. Rather than fight for economic policies that would stimulate the economy and put people back to work, this Administration — and even many senior democratic party officials — have chosen to ignore the lessons of the past. Instead of focusing on jobs and growth — the real crisis in our economy — they have embraced the sky-is-falling rhetoric of the Republican Party extremists. MORE...

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