Can We Have a New Deal Without the New Dealers? »
Posted By doppich 2 months, 4 weeks ago in Business & FinanceIf you prefer irony to panic, you might consider the peculiar spectacle of the current administration, a bitter opponent of the New Deal, deploying the full force of the New Deal's legacy to stave off the financial crisis. But can New Deal programs succeed without New Dealers running them? Judging by the last time Americans tried it, during Herbert Hoover's last year of office, the answer is, sadly, no.
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doppich2 months, 4 weeks ago
I agree with the concluding sentence:
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"The efficacy of our rescue depends considerably on whether the next president thinks less like Hoover and more like Roosevelt."
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