We need a new "New Deal"
- Monday, September 15 2008 @ 11:13 AM CST
- Contributed by: filbert
- Views: 909
FDR's New Deal is running out of gas. FNMA ("Fannie Mae") and "Freddie Mac" have already gone under. Social Security isn't far behind. And, LBJ's "Great Society" Medicare program is running on financial fumes, too.
It's past time to re-think the massive, authoritarian-era (1930's) government intervention into massive swaths of the economy. We know more now. We know better--or at least we should.
(Yeah, I know I said "no politics" but this isn't really politics. It's economics--and human nature. You give people power, they WILL abuse it--no matter where, how, or when. That was the brilliance of our Founding Fathers. I'm not sure that either side--Republicans or Democrats--really understand that.)
It's past time to re-think the massive, authoritarian-era (1930's) government intervention into massive swaths of the economy. We know more now. We know better--or at least we should.
(Yeah, I know I said "no politics" but this isn't really politics. It's economics--and human nature. You give people power, they WILL abuse it--no matter where, how, or when. That was the brilliance of our Founding Fathers. I'm not sure that either side--Republicans or Democrats--really understand that.)