Obama's "New Deal II" is the Raw Deal Too

President Obama's "New Deal II" is the Raw Deal too, just as FDR's was. FDR did not bring us out of the Depression; quite to the contrary. He prolonged it. Using data collected in 1929 by the Conference Board and the Bureau of Labor Statistics, two UCLA economists, Harold Cole and Lee Ohanian, conducted a four-year study (in which they concluded that FDR's policies prolonged the Great Depression by seven years). The United States didn't climb out of the Great Depression until 1943, when our manufacturing plants were humming to meet both our own, as well as foreign military demand. President Barack Obama, is often compared to the late, great liberal, iconic, Democrat President, Franklin Delano Roosevelt, who history books have romanticized as being the one responsible for guiding the country through the Great Depression of the 1930's. FDR's "New Deal," economic plan, that consisted of massive big government spending programs, often gets credit as solving the worst economic crisis of the last century, however, nothing could be further from the truth! Roosevelt's programs were successful, but not in the way that is typically nostalgically reminiscenced. They were extremely popular and successful politically, as evidenced by his being elected to four consecutive terms, something legally impossible today. After Roosevelt had passed away, and during the Eisenhower administration, an amendment to the Constitution was passed limiting presidents to two consecutive terms. [Continue reading] digg story ~ Submitted by NewsGuy2005