Every generation has the sad tendency to think its problem are new, novel, and unique. Each successive generation chooses to ignore Santayana’s wise words, “Those who cannot remember the past are condemned to repeat it.”
This is especially true of America’s current economic problems and the resultant attempts by Obama and the Democrats to profit from them. It’s nothing new at all; America went through the same things in the Great Depression of the 1930s.
The various talking heads of the current generation of demand-driven, monitarian, and macroeconomic economist are all arguing the exact same causal factors now as their predecessors did in the early 1930s.
I propose to the American people a New New Deal
More importantly and dangerously, Obama and the Democrats along with the labor union syndicates they’re beholden to have been capitalizing upon Americans’ misfortune in very similar manners to how they did during the Great Depression.
The only functional difference between how the government and their backers and handlers have tried to capitalize off of today’s “Great Recession versus how they did so off of the Great Depression is that the syndicates of labor unions are now so entrenched in the government’s procurement process that Obama can’t engage in the pharaonic building projects that Franklin D. Roosevelt reveled in during the ’30s.
They just can’t recreate the Works Progress Administration (WPA).
This is important because FDR, his cronies, and his handlers managed through the political and financial profiteering to drag out the Depression for years and years until World War 2 finally forced the government to focus to change its policies. Obama’s, his cronies’, and his handlers’ political and financial profiteering will do the same thing – except that we don’t fight wars the same way anymore so getting into one won’t work as an economic fix this time.
This is nothing new. Our current situation and people’s reactions to it are little different from what has gone before. We need to learn from those past events and prevent this generation of bad actors from doing to us what their predecessor’s did to our ancestors.
H/T to YesterYear Once More for the 1930’s political cartoons. It’s an interesting site showcasing how American life was reported by journalists and writers several generations ago. YesterYear Once More has also been to Reflections From A Murky Pond’s blogroll.