07 September 2012

Experimenting with the economy

"And the truth is, it will take more than a few years for us to solve challenges that have built up over decades. It'll require common effort, shared responsibility, and the kind of bold, persistent experimentation that Franklin Roosevelt pursued during the only crisis worse than this one." - President Obama, 7 Sep 2012

The massive recovery effort to save the Too Big To Fail started months before he was even elected; it's now 3 1/2 years since he took office and he proposes experimenting with the economy!

A global marketplace with hundreds of billions of dollars sitting on the sidelines, praying for stability, and he wants to engage in century defining liberal economic policies.

They didn't even work for FDR. The 2nd World War made his failing policies moot.

1 comment:

Anonymous said...

For Clarity, the democratic party took over control of the House and the Senate in 2007. The unemployment began to climb almost immediately as employers lost confidence in what they could count on in the economy.