Bookworm on Jan 03 2013 | Filed under: Barack Obama, Economics
Tweet When I was in junior high school, high school, and college, my American history classes always preached the same message: Franklin Roosevelt saved America by “priming the pump.” That is, he took money away from the rich, filtered it through the government, and then used the brain-power built into government to decide upon the [...]
Bookworm on Dec 19 2008 | Filed under: Barack Obama
Tweet Obama’s infatuated followers have taken to referring to him as a second FDR. They envision him lifting us out of the coming depression, blithely unaware that FDR’s economic policies almost certain extended the Great Depression far beyond its natural lifespan. What people also forget — or, if they’re true Progressives, what they probably embrace [...]
Bookworm on Nov 30 2008 | Filed under: Barack Obama, Economics
Tweet The liberal press and “economists” such as Paul Krugman are so excited: Obama is looking to FDR for guidance. Before Obama gets too carried away with that notion, conservatives should send him copies of Amity Shlaes’ The Forgotten Man : a New History of the Great Depression, in which she compellingly explains how FDR’s [...]
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