Should we want Obama to propose a quasi-militaristic program to empower business cartels to set prices, on the model of FDR’s National Recovery Administration? Should he take his cue from FDR and prosecute businesses that discount their products, giving strapped consumers a break? Should he triple taxes, hiking excise taxes on common consumer goods and imposing an entirely new payroll tax on employment? Should he crib from FDR’s speeches and demonize business and investors? Should he create government make-work jobs and pay people to clear trails in the national parks and unemployed artists to paint murals in post officeFor a look at the blacked out history of America.
Friday, January 16, 2009
Do We Really Want Another New Deal?
Rich Lowry reports: