PJ Media

Is Obama the new FDR?

I sure hope not after reading a new book that just came out this week entitled a href=”http://www.amazon.com/gp/product/1596980966?ie=UTF8tag=wwwviolentkicomlinkCode=as2camp=1789creative=9325creativeASIN=1596980966″emThe Politically Incorrect Guide to the Great Depression and the New Deal. /em/aimg src=”http://www.assoc-amazon.com/e/ir?t=wwwviolentkicoml=as2o=1a=1596980966″ width=”1″ height=”1″ border=”0″ alt=”” style=”border:none !important; margin:0px !important;” / The author, economist Robert Murphy, notes that government intervention prolonged the Depression and explains through the use of historical facts and information why this is so. Adding to this, he states that much what is written in textbooks on the Depression is false (no surprise there) and politically correct, making it seem like government saved the day. With Obama trumpeting himself as the new FDR heading a government “lending a helping hand,” Murphy says this is no cause for celebration. Instead, we might have similar problems (or even worse) then we did in the Depression: double digit unemployment, arbitrary policies toward businessmen resulting in net investment of less than zero, and big government policies that stifle liberty.br /br /Anyway, if you are interested in the topic, read the book, it’s easy to get through and digest, even for those who are laymen in economics.