Did anyone else catch Obama's economic speech? He promised bold, sweeping and dramatic action to save the economy. He's determined we're going to spend our way out of this mess! (I know that in my own personal life, when I am in a financial jam, taking on more debt as opposed to cutting spending always works out so well for me). He's even going to work on the weekends to get his economic plan passed! America is going to spend trillions of dollars on "green jobs" and pork projects "for the children".
Did you know that in 2004, two UCLA economists discovered why the depression dragged on for 15 years? The cause: Franklin D. Roosevelt. He intervened in the free market to help the economy recover. FDR promoted and signed into law two anti-competition and pro-labor measures in 1933. The economists believe the economy would have recovered very quickly if the government hadn't intervened. Ironically, FDR is credited with lifting the nation out of the depression.
I sense history repeating itself. You can read more about the study here or at Michelle Malkin's blog.
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