Ed Driscoll

The, New, New, New, New Deal — This Time, It's Gotta Work!

Building a bridge to 1933:

“FDR’s policies prolonged Depression by 7 years, UCLA economists calculate.”

— Headline at UCLA Newsroom, August 10th, 2004.

“Barack Obama to hail himself as the new Franklin D. Roosevelt: President promises ‘bold, persistent’ leadership like FDR during the Great Depression.”

— Headline at London Daily Mail, today.

As Jonah Goldberg wrote in 2010, “Liberalism has become a cargo cult to the New Deal, but many of the achievements of the New Deal would be impossible now. Just try to get a Hoover Dam built today.”

When does the cargo cult end?

Update: Possibly here: Let’s ban profits!