New New Deal : Bad Bad For Economy

Beware the New New Deal.  It took America a long time to crawl out of the Depression of the 1930's.  History points out time again that it was WWII that put America back to work...not the WPA...Tredwine

That New New Deal

Not for repeating.:

By Mona Charen

‘This is the best deal since 1932.” So said House Financial Services Committee Chairman Barney Frank (D., Mass.) regarding the increased public appetite for government intervention in the economy. Incoming White House Chief of Staff Rahm Emmanuel echoed the sentiment when he told the Wall Street Journal, “You never want a serious crisis to go to waste.” Oh, boy. While Barack Obama’s appointments so far have been fairly moderate, other Democrats are whistling “Happy Days are Here Again” and dusting off their wish lists for federal spending. “The House and Senate Appropriations committees hope to use December to negotiate a $410 billion omnibus measure that can be swiftly approved when the new Congress convenes,” reports thePolitico. Wasn’t it just two months ago that Speaker of the House Nancy Pelosi — supposedly outraged that the Congress was being asked (by Bush and Paulson) to pony up $700 billion to prevent a total freeze of credit markets around the globe — intoned “SEVEN HUNDRED BILLION DOLLARS.” She repeated it for emphasis: “Madame Speaker, when was the last time anyone ever asked you for SEVEN HUNDRED BILLION DOLLARS? It’s a staggering figure.” continued