Dec 13, 2008

Posted by John Loeffler in Premium | 0 Comments

New Deal, Old Deal or Raw Deal?

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12/13/2008

CNN’s Christiane Amanpour has compared the situation in Gaza to the 1970’s Pol Pot genocide in Cambodia. Paul Chesser of the John Locke Foundation (www.johnlocke.org) says there’s no comparison and news people are too quick to cheapen serious events for the sake of current political issues.

With all that bailout money sloshing around, everybody seems to be getting it but not the little guy. The programs which our politicians are determined to use to “rescue” us from economic collapse look hauntingly like the same programs Presidents Hoover and Roosevelt used during the Great Depression. Not only didn’t these programs work, they delayed the economic recovery by years and were especially hard on lower classes and minorities because of the job destruction they caused. High income tax rates effectively killed companies struggling to recover. Dr. David Gordon, Ph.D, from the Ludwig von Mises Institute (www.mises.org) evaluates FDR’s New Deal.

The Ohio State Legislature this week was trying to pass a call for a Constitutional Convention. If passed, only one more state would have to issue a call and congress would have to call a convention to rewrite part or all of the constitution. Phyllis Schlafly from Eagle Forum (www.eagleforum.org) makes a brief appearance to tell why this is a bad idea. For more information on the constitutional convention, check out www.americanpolicy.org

John’s boralogue analyzes President-elect Obama’s great reneging and how the faces lurking in the background advising him are the same old globalists who have been there all along. So much for change.

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