Saturday, August 13, 2011

1937: Deja Vu All Over Again?

I've been saying (even if no one is listening) that FDR took us into a severe downturn in 1937 with his budget-balancing mania (Keynes apparently didn't get his message across in time), and it looks like the Obama administration is doing the same thing. Of course history doesn't repeat itself (exactly), but sometimes you can see the same pattern.