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The Anti-Stimulus Crowd: The Fear of Success At least some Republicans are starting to muster an anti-stimulus drive, claiming that President-elect Obama's package will not help the economy. Their drive is centered on what they claim is a careful rereading of the history of the New Deal. According to their account, President Roosevelt's policies actually lengthened the Great Depression. In their story, we would have been better off if we just left the market to adjust by itself. New Deal programs that directly employed people, or in other ways supported living standards, created an uncertain investment climate. Posted in Economy/Trade, stimulus

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The Anti-Stimulus Crowd: The Fear of Success

At least some Republicans are starting to muster an anti-stimulus drive, claiming that President-elect Obama's package will not help the economy. Their drive is centered on what they claim is a careful rereading of the history of the New Deal. According to their account, President Roosevelt's policies actually lengthened the Great Depression.

In their story, we would have been better off if we just left the market to adjust by itself. New Deal programs that directly employed people, or in other ways supported living standards, created an uncertain investment climate.

Posted in Economy/Trade, stimulus