Did anyone read Amity Shlaes book, The Forgotten Man?
Why are we just repeating FDR’s mistakes deepening and lengthening the economic downturn with government intervention that strangles rather than empowers the free market? And to make matters worse, why are repeating the error of gutting national defense empowering our enemies rather than protecting freedom? This administration’s answer is that we’ll make the world safer by arms control agreements and signing treaties. That solution proved brutally wrong in the 1930’s, I doubt it will work better now. The world gets more not less dangerous in troubled economic times. More… Indeed, the only area when the administration has really made a serious effort to rollback federal spending is in defense, the one area where federal spending is clearly required by the Constitution. These cuts might be at least understandable if they made any kind of economic sense. For example, the cuts to missile defense are equal to about one day of stimulus package spending (and less than two percent of the def
Why are we just repeating FDR’s mistakes deepening and lengthening the economic downturn with government intervention that strangles rather than empowers the free market? And to make matters worse, why are repeating the error of gutting national defense empowering our enemies rather than protecting freedom? This administration’s answer is that we’ll make the world safer by arms control agreements and signing treaties. That solution proved brutally wrong in the 1930’s, I doubt it will work better now. The world gets more not less dangerous in troubled economic times. Indeed, the only area when the administration has really made a serious effort to rollback federal spending is in defense, the one area where federal spending is clearly required by the Constitution. These cuts might be at least understandable if they made any kind of economic sense. For example, the cuts to missile defense are equal to about one day of stimulus package spending (and less than two percent of the defense bud
