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Monday, September 06, 2010

We don't have WWII to save us from this economy

Op-Ed Columnist - 1938 in 2010 - "Here’s the situation: The U.S. economy has been crippled by a financial crisis. The president’s policies have limited the damage, but they were too cautious, and unemployment remains disastrously high. More action is clearly needed. Yet the public has soured on government activism, and seems poised to deal Democrats a severe defeat in the midterm elections.

The president in question is Franklin Delano Roosevelt"
Frankly, I find this comparison frightening. The Democrats held on to Congress in 1938, and World War II came just before the 1942 elections might have ended their time at the helm. Will there be a similar savior for the Democrats and our economy, or will the party of Hoover get a second chance at a Great Depression?

1 comment:

Joe said...

Scathing commentary, John.