Paul Krugman on Obama's stimulus...and 1938 vs. 2010

[hawkeye2009]

Originally Posted by marcopolo

So you think that raising the price of labor did NOT produce more unemployment? Raising the price of goods did NOT discourage sales and consumption? Piling more regulations on virtually every line of business was GOOD for business? Attacking capital with new taxes ENCOURAGED capital investments? These four pillars of Roosevelt's program most certainly turned a recession into a long depression. The parallels to Obamanomics are chilling.

Great post.

It reminds me of Dr. Suess- "you can't teach a Sneetch" (Sylvester McMonkey McBean).

The libs have to learn history by experience and just cannot bring themselves to read about it instead. We will be forced to go through more financial misery as a result, and will face very difficult austerity times in order to correct the massive mistakes of Obama.

[WinterinAmerica]

Originally Posted by marcopolo

So you think that raising the price of labor did NOT produce more unemployment? Raising the price of goods did NOT discourage sales and consumption? Piling more regulations on virtually every line of business was GOOD for business? Attacking capital with new taxes ENCOURAGED capital investments? These four pillars of Roosevelt's program most certainly turned a recession into a long depression. The parallels to Obamanomics are chilling.

Questions?

What policies raised labor prices and who initiated those policies?

What policy during the Roosevelt administration raised prices of goods and services?

What policy of the present administration has raised labor costs?