Hillary says US needs Great Depression-Era type government

Interviewed this morning on CBS’s The Early Show for her thoughts on the proposed $700 billion government bailout, Senator Hillary Clinton agreed the situation is critical and that something must be done quickly. Clinton went on to suggest,

“Once we get through this immediate crisis, the country should look at some Great Depression-Era type of government entity to deal with it.” 

I sure hope Clinton is not suggesting the next president re-constitute Roosevelt’s socialist government programs of the WPA (Works Progress Administration) and the CCC (Civilian Conservation Corps). It was programs like this that turned what should have been a two-year recession into a twelve-year depression.

I read once that, “despite all President Roosevelt’s efforts and the courage of the American people, the Depression hung on until 1941…”

The Great Depression lasted 12 years – not “despite all Roosevelt’s efforts”, but because of Roosevelt’s misguided efforts.

Advertisements
This entry was posted in Blogroll. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s