The New New Deal

If you do not get Imprimis magazine, you must start now! Subscriptions are free, it's a very brief read (5-10 minutes), and it's always excellent.

Warning: If you are of a liberal political persuasion, exposure to the truth presented in Imprimis could be a shock.

In the January Issue, there is an article by Burton W. Folsom, Jr. He holds the Charles F. Kline Chair in History and Management at Hillsdale College. In the article, he discusses the effects of Franklin D. Roosevelt's "New Deal". The amount of political wrangling, graft, and corruption involved in the handouts of Federal money is staggering. In addition, many of the programs created had unintended (and in some cases disastrous) consequences.

His concluding sentence:

If history is a guide, we have every reason to believe that if President Obama institutes a New New Deal, then universal health care, federal bailouts, and jobs stimulus programs will be costly, will be politicized, and will fail.