Leave it to left-leaning politicians to make a mess out of an ordinary economic cycle and blame it on others.
What was a simple sub-prime mortgage problem, that normally would lead to a minor recession, has become a near Depression, comparable in many ways to that of the 1930’s, because of political meddling and bumbling.
The Great Depression observers see how Franklin D. Roosevelt overreacted with over-spending. Then he over-taxed and over-regulated business and created a Depression psychology that prevailed until World War II, which acted as a giant economic stimulus.
The same political meddling and bumbling is occurring today. The extraordinary spending has produced a crises, in the form of senseless, business-stifling regulation and taxes, and eventual over-powering inflation.
No comments:
Post a Comment