Nov 11, 2008
Obama's New Deal
Amity Shlaes fears that Obama is repeating the errors of the New Deal.
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Amity Shlaes - 11/12/2008
Glad to hear from David Beito, I'm a huge fan. His work on fraternal societies really helps you to understand what was lost in the Twentieth Century as the federal government grew. It was one of the most important books I read -- you can say that the true heart of America is the Mooseheart (location of loyal order of the Moose.)
However, one quibble with his comment. I don't "fear" a New Deal repeat; I'm concerned about it. All reasonable people would be. We're not afraid here; we're inquisitive. Thanks much!
Common Sense - 11/11/2008
To be a bit more precise, the official unemployment rate in 1937 peaked at 18%. Also, the Dow reached the 1929 peak in 1953.