Wednesday, October 1, 2008

Is This The Great Depression Again?

I've been listening to Thom Hartman ( this morning on the radio. He just spent the last hour reading parts of articles from the New York Times that were written between 1929 and the early 1930s. It is amazing the similarity between what was going on then and what is going on now. President Hoover was saying the same things that the republicans are saying now. They pushed and passed a bank bailout and it did not work. It was not until FDR came in and started programs that put money into the system at the bottom instead of the top, did things begin to turn around.

Here we are again trying to throw money at the top again hoping it will trickle down to the bottom.

Those who do not know history are doomed to repeat it.

It is also possible that the republicans are only trying to stall off disaster until after the election. Then they can blame everything on the democrats. And it is also possible that the democrats are not smart enough to recognize it or do anything about it!

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