Ghost of the New Deal Haunts Democrats’ Agenda, but It’s Time to Summon FDR

Leading Democrats today lack the courage even to propose what FDR did. Obama keeps offering incentives for the private sector to hire more, but that policy failed over the last five years to return employment to pre-crisis levels. Obama refuses to expand Social Security as an anti-crisis policy. Instead, Obama and the Democrats pursue chiefly trickle-down policies: bail out banks and select mega-corporations, boost credit and stock markets with infusions of cheap money, and hope something trickles down to lift average peoples’ incomes. Despite five years of failed trickle-down economics, Democrats today still fear to consider FDR’s alternatives, acting as if they never happened.

via Ghost of the New Deal Haunts Democrats’ Agenda, but It’s Time to Summon FDR.

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