If New Deal was an overall success, then fixing the current economic crisis should be a piece of cake for a new, New Deal agenda, right? I mean, if it beat back the Great Depression, then surely it could tame The Great Recession in 3 to 6 months, right? So why not advocate going forward with New Deal II immediately, Titus?
In addition, it occurs to me that you may split the difference - you may say that while New Deal worked to heal the economic crisis from 1933-40, it didn't "work" well enough for you to EVER, EVER, EVER recommend such an agenda to fix a crisis again. HA! That's one hell of an endorsement! I didn't realize the word "success" could be defined that far down. How many angels are you trying to fit on the head of that pin anyway ... hehehe.
If you do indeed "spilt the difference" per above, you must at the very least concede that New Deal was unsound economic policy. "Sound" economic policies are not typically barred from all future endorsements and implementation as a response to economic crisis.
Tuesday, August 31, 2010
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