The “New Deal” was a bad deal for America then and it will be again if the new administration and current congress has its way.
Research by historians has found that President Roosevelt’s expensive Depression-era make-work projects actually coincided with an increase in unemployment and the projects took many years to complete, producing at best minimal benefits to the ‘current’ economy of the time.
Government spending on such a large scale will be nothing more than a stimulus to special interests. Favored industries, including “green” ones, and specifically labor unions, will be the only beneficiaries under the proposed stimulus plan by the new administration.
Where is the evidence that this time it will be any different than the Roosevelt plan? The government will throw billions at every ‘so-called’ crisis with a result that merely stimulates more waste, mismanagement, fraud, abuse and campaign contributions to politicians from the special interests chosen as the beneficiaries of all our taxpayer money.
American capitalism is what made our country the most desired place to live and prosper in the world; is about winners and losers, not government controlled bailouts. Businesses come and go based on supply, demand, responsible management and foresight. Our country will not ‘fall’ because businesses fail and workers are laid off. American’s are resourceful and resilient, we cannot expect our government to ‘nanny and nurse’ us back on our feet!
Self-serving politicians and powerful people who now have control of our tax dollars and have squandered it on their own special interests, holding we, the taxpayers hostage. This has resulted in a country with Government rule and is no longer a country ‘of the people, by the people or for the people’. We, the people, are getting the proverbial crumbs while the [elite] servants of the people take care of themselves and their ‘friends’.
Their surrealistic idea is that ‘we, the people’ are too stupid to figure out how to help ourselves and they must control us, as our saviors.
This sounds more like a RAW DEAL; what say you?
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