Thursday, July 09, 2009

I Thought This Was Widely Known ...

I mean you knew that the New Deal was the last time the socialist/commie sphere of influence tried to take over right?

Today on Uncommon Knowledge, economist Thomas Sowell, author of The Housing Boom and Bust. Sowell explains why New Deal economics flopped eight decades ago and will fail again today.

PETER ROBINSON: What is it about the New Deal that permits people to cite it as a model with a straight face eight decades after it was enacted?

THOMAS SOWELL: Because of the widespread belief that it was the New Deal which saved the country and got us out of the depression. What actually got us out of the depression was the Second World War, and it did so by ending the New Deal. (more? CLICK)

It did not work then and it will not work now. President Zero will fail. So, where do you think the war will be that will save of from these pograms this time?

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