The Persistent Republican Mistake
Conservative American Economic Theory Tells Us that government spending never achieves anything good for us. That big-government efforts always fail. And what’s worse, that big programs always prolong the economic downturns that they are meant to resolve.
The Loudest Example of This Theory is the alleged failure of President Franklin Roosevelt’s “New Deal” efforts during the Great Depression.
Conservatives Consistently Repeat the Mistaken Notion that the New Deal Failed. And then next, they repeat that “the Great Depression didn’t end until World War II.”
Wisconsin Republican Representative Paul Ryan said that very thing this morning, on NPR’s Morning Edition: “We borrowed so much money [under the New Deal]; we ran up the debt. We didn't get out of the Depression until World War II came along.”
Read the NPR Story Yourself:
GOP’s Ryan: ‘Budget Exploits The Economic Crisis’
Such Flawed, Conservative Thinking led America into the current mess. And so long as Conservatives put out this screwy combination of premises, the quality of their logic remains suspect.
NEXT: “When Is a Budget Not a Budget?”
Conservative American Economic Theory Tells Us that government spending never achieves anything good for us. That big-government efforts always fail. And what’s worse, that big programs always prolong the economic downturns that they are meant to resolve.
The Loudest Example of This Theory is the alleged failure of President Franklin Roosevelt’s “New Deal” efforts during the Great Depression.
Conservatives Consistently Repeat the Mistaken Notion that the New Deal Failed. And then next, they repeat that “the Great Depression didn’t end until World War II.”
Wisconsin Republican Representative Paul Ryan said that very thing this morning, on NPR’s Morning Edition: “We borrowed so much money [under the New Deal]; we ran up the debt. We didn't get out of the Depression until World War II came along.”
Read the NPR Story Yourself:
GOP’s Ryan: ‘Budget Exploits The Economic Crisis’
The Great Republican Riddle:
If Big Spending Didn't Improve Things in the Great Depression,
How Did It Do the Job with the Second World War?
How Did It Do the Job with the Second World War?
Such Flawed, Conservative Thinking led America into the current mess. And so long as Conservatives put out this screwy combination of premises, the quality of their logic remains suspect.
NEXT: “When Is a Budget Not a Budget?”
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