Thursday, February 26, 2009
The "New New Deal"
Whether you are Roosevelt with the National Recovery Act and the National Industrial Recovery Administration or you are Obama and talk about cap and trade, card check, health care and comparable worth ... the result is the same ... even if we bottom out soon, the recovery will be long and protracted as these policies throttle efforts at resuscitation. These things can only be viable with a vibrantly growing economy. That is not today.