That's just history

[orionsbelt200]

This just in (through BoingBoing and another website"'When (President Franklin) Roosevelt did this, he put our country into a Great Depression," Austria said. "He tried to borrow and spend, he tried to use the Keynesian approach, and our country ended up in a Great Depression. That's just history

Comments

[totallypinkrock]

What's fun is that laissez-faire attitudes directly get us into these situations, and fiscal conservatives pretty much (claim to) oppose any attempt to do something about it.

It feels like the prevailing right-wing attitude is: Our mistakes are not mistakes. We have nothing to apologize for, no matter what.

Granted, things like the Agricultural Adjustment Act are worrying examples of pro-business behavior (burning crops to keep certain commodity prices high), but generally speaking, the New Deal seems to have been a reasonably good-faith attempt to thrust some life back into the nation's markets.

Of course, as my fellow co-op folk are fond of saying, this bailout/stimulus hoopla is using socialistic techniques to save capitalism from itself. It's a band-aid, when amputation may be called for, instead :)