The Mudcat Café TM
Thread #114722   Message #2450533
Posted By: Don Firth
25-Sep-08 - 11:15 PM
Thread Name: BS: A better way to save the economy
Subject: RE: BS: A better way to save the economy
In addition to the regulations he intruduced to prevent that sort of thing from happening again (which the Republicans have been working hard since then to strip away), that's essentially the same method FDR used to successfully end the Great Depression. The New Deal.

Funny thing. It really, really worked!!

Then came Reagan and the regulations gradually got peeled away like the layers of an onion and/or the personnel of the regulatory agencies were gradually replaced with corporate sycophants, much to the delight of the conservatives.

And, lo! Here we are again!

It is said that those who will not learn from history are doomed to repeat it. But since what FDR instituted actually did succeed in ending the Depression and kept the pigs from eating everything in the trough for several decades, it would seem reasonable to do it again, no?

And this time, keep the regulatory agencies awake, alert, and complete with teeth.

Don Firth