As a student of history, I am not "moved" by the things that are happening in Washington ... nor do I believe that the present programs being hailed by so many commentators and rabid fans of the new president (well, I repeat myself) will even work, except to drain more money and opportunity from the very people who are supposed to be helped.
THE SECOND COMING ... OF FDR
If you are listening to
CNBC or any of the other networks that have commentators fawning over our new "rock star, hip president", I caution you in the strongest terms to remain objective. Simply put, the belief that this trillion-dollar money-printing job will work is tantamount to saying "2 + 2 = 5." It's just mathematically impossible to make the kind of monetary changes currently being sold by the hucksters as "change" and avoid the irrefutable law of unintended consequences.
I'm being pragmatic here, folks. Pessimistic, sure. But it's defensible pessimism.
Franklin D. Roosevelt enacted the same kind of "shovel ready" projects that Obama is now focusing on. It got FDR re-elected 3 times, so it makes sense to repeat a successful political strategy. Actually, FDR's last successful bid for re-election was more due to global conflict than the economy, which was actually made worse in 1938 by all of his "efforts" to help the economy. Oh, and if you look at those who were advising FDR -- all quite brilliant people -- it is a virtual "Who's Who" list of socialists who expressly disavowed capitalism and were advocates of "central planning" and government controlled business enterprises. Sound familiar? This is not my opinion; it is documented fact...and I wouldn't even debate anyone on it -- I'd just refer them to the plethora of reference sources on the subject.
You can start here.
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Dan Fitzpatrick
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